Word: outputted
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...Plunging industrial output is reflected by the radical steps manufacturers are taking to try to adapt to the sharp slowdown. NEC Electronics said last week that it would eliminate 20,000 jobs at home and abroad, and cut costs by $890 million overall in the coming 24 months. Sony will close up to six factories and cut 16,000 jobs from its electronics divisions, to address what JPMorgan Securities analyst Yoshiharu Izumi called the company's "emergency situation." Panasonic, which recently bought a majority stake in Sanyo, is closing three plants...
...head-on into a recession far more severe than anyone anticipated. With its global sales down 4% last year, Toyota has already announced a management shakeup as well as plans to temporarily close factories for an additional 11 days over the next two months. The goal is to slash output to less than half the number of vehicles Toyota was producing at this time last year...
...Because the recession has already moved to most parts of Europe and much of Asia, the demand for US exports has dropped sharply. That also undermines business output and job creation. Businesses which count on overseas consumption get the air taken out of their sales...
...Genzyme Corporation, and the University of Massachusetts—wrote a letter to the state congressional delegation advocating for increases in NIH funding, writing that each grant awarded creates an average of seven jobs, and that every dollar invested in the NIH generates twice as much in economic output. They also wrote that “the next generation of scientific leaders [has been discouraged] from pursuing careers in biomedical research” as a consequence of eroding federal NIH support and delays in grant-making. Glen Comiso, a director at the Life Sciences Collaborative, said that the House bill...
...cartel has been humiliated more than once as it has chopped output only to see the price of oil drop further. Since September, OPEC said it has taken four million barrels a day out of circulation. That number is in dispute. It may be smaller. But, the fact of the matter is that some of the organization's members probably did not follow the rules and cut as fast or deep as had been planned. Nations including Iran and Venezuela may need the capital too much to drop the number of barrels that they export...