Word: hoped
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Dates: during 2000-2009
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Glimmers of hope keep sneaking through the world's cracked economy. The Conference Board's index of leading economic indicators, which includes measures such as stock prices, the money supply and new orders by manufacturers, just posted its first gain in seven months. Consumer confidence increased in May and is now at its highest level in eight months. According to a survey by the National Association for Business Economics, over 90% of economists are predicting that the recession will end by December. (See TIME's recession photo-essay "Stores That Are No More...
...Given all that, what do WSL's consumer psyche measures say about the fate of the recession? "We see it more as the end of the beginning," says Liebmann. "There's a very big cloud still over the consumer. We've been through the first phase, and we hope the worst has happened. Shoppers are feeling a little bit chipper, but there's still more to go." Sure, additional economic tumult may be coming. But at least we can enjoy a little calm...
...Russian partners, will protect German jobs at the expense of other jobs. "There are going to be more tough negotiations with GM Europe and Magna," says Klaus Franz, the head of Opel's works council. "A very stony road lies ahead of us. Jobs will be cut, but we hope we can prevent forced redundancies and plant closures," he says. (See the 50 worst cars of all time...
...over the next couple of years. About 1,100 of the new total is expected to be salaried jobs, which are unrelated to assembly operations. That means Ottawa and the Ontario government are together spending an unprecedented $2.1 million for each assembly job at GM Canada they hope to save...
...Monday may not have come as a surprise to Washington, but only in the sense that Washington knew Pyongyang was defiant enough to set one off. Beyond that, truth be told, Washington is completely in the dark about North Korea's intentions. It can only expect the worse and hope for the better. (See pictures of North Korea...