Word: moribundity
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...Federal Reserve reported that U.S. industrial output from the moribund manufacturing sector, after a 0.4 percent dip in February, jumped 0.4 percent in March, surprising analysts and raising anew the old question: Will the Fed move sooner, or later? TIME senior economics reporter Bernie Baumohl weighs the data and shines up his crystal ball...
...sitting there, unflappable and detached and looking sharp in a Yohji Yamamoto suit amid the third-rate chaos swirling around him. That's how most Japanese want to see themselves. Their nation has become an economic and political farce. Feckless, forgettable Prime Ministers come and go. The moribund economy has come to resemble more the surreal vision of Salvador Dali than the sound blueprint of Adam Smith. And for the first time since World War II, the average Japanese faces the prospect of a diminishing standard of living. It's third-rate chaos, alright, and all you want...
Nostalgia isn't really appropriate until an era is certifiably dead and gone. Hong Kong isn't yet moribund, but it has changed considerably in the years since the handover. And for a certain class of ex-expatriates, the ones who made for the boats in 1997, Hong Kong exists only in memory...
When Renault bought 37% of Nissan in March 1999, analysts thought the French had flipped. Once a symbol of Japan as global industrial powerhouse, the automaker was on the verge of bankruptcy, $22 billion in debt and had a moribund sales record. As with so many other Japanese companies, Nissan had become arrogant and oblivious to changes in the market, and the old-boy network that ran the Tokyo-based company simply didn't feel like answering a new call--and certainly not one from a foreign master...
...sight. But last week Serbia's dynamic opposition leader returned to the stage as the country's first post-Milosevic Prime Minister. It's a crucial job. As Kostunica struggles to preserve the defunct Yugoslav federation of Serbia and Montenegro, Djindjic will have to jump-start the moribund economy and modernize the country, while selling the world on the idea of a new Serbia...