Word: grimness
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Dates: during 2000-2009
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...January, the economy lost 600,000 jobs. There is no reason to think that the monthly number will be any smaller between now and the end of April. The biggest concern will be whether the near-term future looks so grim to managements that they will begin another substantial round of cuts as they look at their likely second quarter results. This would indicate that the total job loss for 2009 could move above six million. To economists, that would look like the end of the world...
Indeed, the numbers suggest that the worst may well be yet to come. The overall unemployment rate, which lags what's going on in terms of economic production, tells us more about what has happened than where we're headed - and the forward-looking news is equally grim. On Feb. 5, the Labor Department reported that 626,000 people made first-time claims for state jobless benefits in the week ending Jan. 31, more than economists expected and the most since 1982. The total number of people collecting unemployment now stands at nearly 4.8 million, the most since at least...
...grim state of the global economy is unlikely to prompt any big decrease in the number of mostly poor people setting out for the promise of foreign shores around the globe. "The world's basic stock of 200 million migrants hasn't really changed, and isn't likely to change," says Jemini Pandya of the Geneva-based International Organization for Migration, citing the estimate for the total number of people living in countries other than their place of birth. "There is a structural need for migrants, and that doesn't go away because of economic problems in the developed world...
...Kennedy describes the 1967 war as though Israel set out aggressively to “generate” Palestinian refugees in some grim industrial process. He also gives bizarre dates and numbers to describe the growth of Israeli settlements in the territories it occupied. The first settlements began in 1967 and 1968—not 1973 as Kennedy claims—and the number of settlers is nowhere near the 600,000 that he suggests...
...joblessness situation is that grim, the price of homes is likely to be falling even more sharply than last year and more mortgages are headed under water. Default and foreclose rates are bound to jump higher. Consumer confidence, which is already remarkably bad, will be exacerbated by the number of people out of work and the lack of credit to buy even the most essential items...