Word: moribundity
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...broke, they weren't inclined to make extraordinary efforts to fix it. Now, it appears Asia's primary growth driver is, at the very least, badly bent. Meaningful reforms that diversify the sources of economic growth may be needed if the region is to avert a prolonged period of moribund economic activity...
...dire as their situation has been, the brokers of the African Banking Corp. and their peers are hoping better times are just around the corner. A new power-sharing agreement between the opposition and President Robert Mugabe's ZANU-PF Party could see progress on restarting Zimbabwe's moribund economy. And it's rumored that Gono's job may be on the chopping block. Foreign investors are eager to dive back into the fray, sensing major opportunities in an economy that will have to be rebuilt almost from scratch. One client of African Banking Corp. is ready to multiply...
...that's certainly not the way it's working in Florida, one of the states hardest hit by the foreclosure crisis. Even as a backlog of hundreds of thousands of newly built and foreclosed homes are languishing on the moribund housing market, more than 750,000 families are in need of affordable housing. Some low-income residents are finding fire-sale deals, but many more are not; just this past weekend, Fort Lauderdale police had to be called in for crowd control when 5,000 people lined up to get on a waiting list for subsidized housing. (See 25 people...
...existing consumer- and business-lending program will be expanded through a new initiative that will leverage up to $1 trillion to unfreeze credit and rekindle moribund secondary lending markets...
...next big wave of layoffs will begin in the retail industry where there is still too much store capacity to be supported by a moribund consumer. GM has already signaled its intention to cut additional employees and, based on the rate of the drop in its sales, Chrysler will be forced to eviscerate its employment base further...