Word: general
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...Unemployment is a psychological as well as a financial disaster, and general anxiety is not wonderful," says Daniel Kahneman, a Princeton University psychology professor who won the 2002 Nobel Prize in Economics. "But I expect that the people who are not directly affected by the recession will only show small changes in their mood and satisfaction with life...
...there is much work left to be done, and the ICTR is not being given a great deal of time to do it. The court is now under pressure from the U.N. General Assembly and the Security Council to wrap up its work on the Rwanda genocide soon, by reducing its staff numbers and finishing cases quickly. The court now believes it can have all its trial work finished in 2009, a year later than planned, and has recently asked the General Assembly for more money to push it through to the end of 2009, apart from...
...dozen countries have issued negative travel advisories on India. Bookings by foreign travelers, particularly from Europe and the U.S., are down by 40% to 60%, according to the Federation of Hotels and Restaurants Association of India. "The entire tourist season of 2008-09 is totally ruined," says FHRAI secretary-general Harish Sud, "We're expecting a 25% fall in the number of tourists. Large-scale layoffs loom on the horizon...
...Friday morning, though, GM chairman Rick Wagoner, was already envisioning a brighter future. "In many ways our restructuring plan [with the government] accelerates and expands the transformation that we've been driving in North America for the past several years. It's really a blueprint for a new General Motors - one for our next 100 years," he said...
...might see imported items that are specially marked down, giving new meaning to a "yen appreciation" sale. But a major concern for the Japanese economy is that currency rates, the dollar-yen in particular, are pummeling Japanese exporters as their products lose competitiveness abroad. Coupled with a general decline in global demand, the weak dollar-yen is dumping ice water on corporate profits at titans like Sony and Honda...