Word: gloomed
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Dates: during 2000-2009
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...around, and the best place to see it is in one of Brazil's favelas, the vast urban slums that are desperate even in the best of times. Walk through São Paulo's sprawling Brasilândia, though, and you don't sense the relentless doom and gloom gripping other cities in the world. Take Efigênia Francisca da Silva, who exudes middle-class expectations and remains positive despite the tsunami of bad news. Thanks to a government scheme to encourage entrepreneurs, the once dirt-poor housewife has received some $8,000 in low-interest bank credits...
...silver lining isn’t hard to find for Tompkins, who has been surrounded by the brand’s optimistic stick figures since the store opened in August of 2006, “It’s not all doom and gloom,” he said. While Tompkins noted a contingent of “die-harders” in Cambridge, a lack of sales and high rent overcame what he described as a “little piece of optimism” from economic reality. “I actually found the other employees...
...time of nearly universal dismay over the business outlook, there are few experts anywhere who can out-gloom Jim Walker, an economist at an independent Hong Kong research firm called Asianomics. In his thick Scottish accent, Walker predicts the worst global recession since the Great Depression. GDP in the U.S., he says, could contract as much as 5% in 2009, and Europe by 2%. He is no more bullish about the economies in his area of specialty: Asia, a region where most of his colleagues foresee more buoyancy. China won't see GDP rise more than...
...terms psychologists toss around to describe these feelings include survivor's guilt (why him and not me?), survivor's envy (thinking you might be better off gone too) and emotional contagion (the tendency to pick up your laid-off colleagues' feelings of gloom and desperation). These feelings are with us in every recession, but as layoffs spread to more industries, people in all walks of life are increasingly experiencing them. (Read "Feeling Our Way Out of the Recession...
...seems certain, that is, if the PGP folks are correct. Now, I'm all for doom 'n' gloom--they've done very well for me in the journalism business over the years--but this struck me as too bad to be true. And on closer examination, it is. About $40 trillion of PGP's $56 trillion in liabilities is its calculation of future Medicare and Social Security benefits ($34 trillion of it is Medicare alone), which Congress has promised to future senior citizens but has made no provision to pay for. This is the entitlements nightmare we hear so much...