Word: onsets
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...look like going into a depression," says Achuthan - ECRI has a monthly index that goes back to 1919, a period covering not just the Great Depression of the 1930s but also a severe if shorter downturn in 1920 and 1921. "The magnitude of decline this index shows at the onset of a depression is materially worse than those today...
...Christmas Tale, Arnaud Desplechin's richly populated film about a fractious family gathering for the holidays in a provincial city. Deneuve is the curiously calm matriarch and least neurotic member of this brood. She needs a bone-marrow transplant if she is to survive the sudden onset of leukemia, which is something of a family curse. The best donor possibility is, naturally, one of her kin. The trouble is that they are apparently more interested in their own petty feuds than they are in rescuing her. That's especially true of Elizabeth (Anne Consigny), a glum playwright who, several years...
...Little wonder many investors are rushing for the exits. But there were signs of trouble even before the onset of the bear market. Earlier this year, Spectrem Group, a Chicago-based consultancy that tracks the habits of Americans worth between $5 million and $25 million, reported that the wealthy were dropping hedge funds from their portfolios. In 2005, Spectrem said, 38% of high-net-worth individuals invested in the funds; by 2007, the proportion had fallen...
...fallen to levels not seen since the days of the last crisis. Even though South Korea's economy, relative to others around the world, is expected to show some vibrancy - economists expect the country to avoid a recession, while the banking sector remains generally healthy - the renewed onset of economic turmoil has undermined the confidence of South Koreans in their own future. "The economy's O.K., but no one thinks so," says Jeffrey Jones, a Seoul-based attorney and former chairman of the local chapter of the American Chamber of Commerce. "They're saying that not only...
...even more fascinating to read a book written just before the onset of a worldwide financial crisis. "The effects of a strong market have spread well beyond collectors' complaints of skyrocketed prices and the dramatic expansion of many galleries' square footage," Thornton writes. "The wealth trickles down. More artists are making a better living; a few are as rich as pop stars. Critics are busy churning out words to fill expanded editorial pages." In a few years time, Seven Days may come to be seen as one of the first chronicles of a now-bygone...