Word: hitting
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Dates: during 2000-2009
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...sharply or tumbled into outright recession. Far from having the autonomous capacity to decouple from weakness elsewhere in the world, export-led developing Asia had become even more tightly tethered to foreign markets than was the case a decade earlier. The export share of panregional gross domestic product (GDP) hit a record 47% in 2007, fully 10 percentage points higher than the portion in the late 1990s. With approximately 50% of those exports earmarked for the rich countries of the developed world, a rare and sharp synchronous downturn in the U.S., Europe and Japan undermined an increasingly important source...
According to new U.S. Census data, the recession has hit middle- and low-income families hardest, widening the gulf between them and the rich. Lower incomes boosted poverty rates in 31 states and Washington, D.C., from 2007 to 2008, compared with increases in just 10 states the year before. Overall, the U.S. rate hit an 11-year high of 13.2%, while the number of Americans receiving food stamps rose...
With no new wide-release competition in their respective genres, last week's top three all slipped down just one notch. Zombieland dropped a less-than-expected 39%; the surprise CGI-animation hit Cloudy With a Chance of Meatballs slipped a mere 24% to inch near the $100 million mark; and the 3-D double bill of Pixar favorites Toy Story and Toy Story 2 fell 39%. The weekend should reach a cumulative $100 million. That will leave the box office 8% ahead of last year in revenue and 4% ahead in attendance, making movies...
...rainfall patterns aren't the only climate- change effect threatening India's water supply: Himalayan glaciers - the source for the many Indian rivers such as the Ganges - are melting at a rapid rate as a result of warmer temperatures. (See TIME's photo-essay "Worst Floods in 50 Years Hit Manila...
...office of the World Food Program (WFP), which killed five people. The militant group is also believed to be behind a devastating suicide bombing in a Peshawar marketplace on Friday that killed 49 people. With Saturday's attack, the government has been left with "no other option" but to hit back, Interior Minister Rehman Malik told a local news channel. "We will have to proceed. All roads are leading to South Waziristan." (See pictures of the Taliban in the Buner district of Pakistan...