Word: painful
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Dates: during 2000-2009
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...well as higher costs embedded in a new labor law enacted last year were already wreaking havoc with companies that survived even in the best of times on the thinnest of profit margins. Now, with a global recession gathering pace, the best of times are gone, and the pain in what had been booming areas in southern China is spreading quickly. Fully half of China's toy exporters, which sent nearly $8 billion worth of Barbies and Thomas the Tank Engines to export markets in 2007, were driven out of business in the first seven months of this year, Beijing...
...Pain isn't the preserve of the posh. On Nov. 26 Woolworth's and MFI, main street perennials famed for their cheaply priced goods, both collapsed, putting 31,000 jobs at risk. Administrators are hoping to find a buyer for the 815 outlets in the Woolworth's chain, founded in 1909 as a British offshoot of the U.S. company. MFI found its niche selling budget furniture...
...there will be plenty of pain. Kroeber and others predict a rough next few months. They also concede that a sharp decline in exports will hit China hard, possibly cutting 2.5 percentage points off growth in 2009. There's also the strong likelihood that tens of millions of dollars will disappear into China's bridges to nowhere - or into the pockets of corrupt local officials. Still, if any government can drive change by diktat, it's the Chinese Communist Party. Doomsayer Roubini writes: "The government cannot force corporations to spend or banks to lend." In fact, Beijing can do exactly...
...interviewed has plainly stated the positive impact a black candidate had on mobilizing the black community to vote and become involved. I am a middle-aged white woman who voted for Obama because I believe him to be the best candidate. I do not pretend to empathize with the pain of racism, but to tell whites that Obama's race didn't have that much to do with why blacks voted the way they did is what is really "disingenuous." Am I not allowed to also hope for an end to racism and its effects? I may not have suffered...
...gonna have surgery at the end of the season and I got a cortisone shot, so it’s pretty much just managing and playing through the pain and icing it afterwards,” he said. “It’s as good as it’s going to get so I just got to deal with it. Being back on the floor, mentally it felt great, physically my knee is killing me. But it just felt great to get the win. Sitting on the bench at Colorado [a 70-57 loss last Saturday...