Word: poore
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...been on the rise since 2004, dropped in virtually every sector this year. The most dramatic decline was, not surprisingly, in finance, which hemorrhaged 71% of expected job openings. Less expected but equally troubling is the 37% decline in hiring for professional services, which include accounting and engineering. "Poor hiring estimates from this area speak to the depth of the recession in the college labor market for the class of 2009," the report says. (See TIME's special report on paying for colleges...
...poor grades in school. Was in the Boy Scouts but never got a single merit badge...
Late last week, Goldman Sachs cut its earnings expectations for the stocks in the Standard & Poor's 500. Collectively, Goldman thinks, those companies will earn $40 a share this year, down from $49 a share in 2008. That's a drop of 18%. Not great. But take out financial stocks, and the picture gets worse. Excluding banks, insurers and the like, Goldman is predicting an earnings plunge of 25% in '09. (See pictures of the stock-market crash...
Adding injury to insult, Standard and Poor's reiterated its sell opinion on shares of GM, which are commanding a mere $2.04 a share - about the price of a subway ride in New York City. Observing that the industry is gripped by an "automotive depression," S&P's Efraim Levy added, "We do not foresee an uptick in industry demand before Q4 '09 at the earliest." Chrysler was spared a similar indignity because it is privately held...
...cobblestone streets. Like the locals, you can retreat into the cool, moist refuges of the ancient stone homes, most with walls so thick that air-conditioning becomes redundant. One of my favorite places to chill: Getsemani, the tiny European-style section of the Old Town - once the poor neighborhood just across the moat but now the cool Greenwich Village-style area of the city. Getting around the Old Town is a cinch; cabs cost about 5,000 pesos ($2.50) anywhere within the walls...