Word: fourthly
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Dates: during 2000-2009
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...extremely vulnerable to a synchronized global slowdown. Among the tigers, overseas trade is shrinking with frightening speed: Taiwan's exports in January plunged 44% from the same month a year earlier, while Singapore's fell 35% and South Korea's 33%. Overall economic growth is following suit. In the fourth quarter of 2008, Taiwan's GDP contracted 8.4% from the same period a year earlier, the worst quarter on record. South Korea's GDP shrunk 3.4% in the fourth quarter, Singapore's fell 3.7% and Hong Kong's dipped 2.5%. Eric Fishwick, head of economic research at brokerage CLSA...
...This expectation has now been dashed, and the scheme is unraveling. Debt-ridden, house-poor and increasingly unemployed, U.S. shoppers are cutting back. Consumer spending in the U.S. dropped at an annual rate of more than 3% in both the third and fourth quarters of 2008 - the steepest consecutive quarterly declines on record. As incomes shrink and America adopts a more frugal mind-set, some economists do not expect shoppers to return to free-spending ways for years - or perhaps generations. Economist Stephen Roach, chairman of Morgan Stanley Asia, says that "there is good reason to believe the capitulation...
...Washington Commerce, Part Three Forget third time's a charm: President Barack Obama is probably just hoping there won't be a fourth. After his first two picks for Commerce Secretary--New Mexico Governor Bill Richardson and New Hampshire Senator Judd Gregg--withdrew their nominations, Obama has selected former Washington governor Gary Locke. The nation's first Chinese-American governor, Locke--should he decide to keep the job--is expected to focus on trade issues with Beijing...
...devices and Internet video affording a wider menu of viewing options and the dismal economy forcing people to hunker down at home, Americans are watching more television than ever before. According to a Nielsen report, the average citizen tuned in to 151 hours of TV per month during the fourth quarter of 2008, up from 145 the previous year...
...Just one year ago, the men finished last among all Ivy League schools while the women placed fourth. This year appears to be a different story, though, as expectations are flying high after solid victories posted by the women and men at HYP’s and the Battle of Beantown, respectively...