Word: plummetted
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...such as the BNP are learning from past mistakes: they're slicker, and combine old-fashioned grassroots activism with Internet campaign techniques borrowed from the Obama playbook. They're also well placed to exploit the disillusionment with traditional politics that has seen voter turnouts in European and national elections plummet, and membership of big parties dwindle. As the global economy limps along and Western nations struggle to balance the needs of longtime citizens and newer immigrants, nobody should doubt that the far right is well positioned to attract yet more followers. (Read: "Europe's Voters Reward the Right...
Meanwhile, employment continues to plummet - manufacturers axed 25,700 jobs in June as the automotive industry extended its downward spiral - and the Canadian loonie has climbed to nearly US$0.90 from a low of US$0.78 earlier in the year. The hollowing-out of manufacturing in Ontario, combined with a strong currency, means Canada's export sector is taking a beating not seen in decades, with no sign of relief on the horizon...
...second-tier basketball town, without the financial resources of cities like New York or Los Angeles. Certainly, the New World Development-led consortium must be hoping that the Little Emperor won't leave Cleveland. Otherwise, the value of the Emperor's clothes - both real and knockoff - will plummet in China...
...news about China's efforts to recover from the global financial crisis can cause whiplash. A government research center announces that thirty million migrant workers may be unemployed - 50% higher than the previous estimates - but Chinese Premier Wen Jiabao says the economy is doing "better than expected." Exports plummet and GDP growth grinds to a 10-year low, but fixed-asset investments and Shanghai stocks are headed up. It often looks like there are two Chinese economies...
...durable-goods orders (up 3.4% in February, but from a January number that had been revised downward) was a "slim silver lining on the horizon," UniCredit Research economist Harm Bandholz wrote in a note to clients. But, he was quick to point out, "investment and exports continue to plummet." (Read "How to Know When the Economy Is Turning...