Word: recessional
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See which businesses are bucking the recession.
"They are spending a lot of money on a serious work and doing it during tough economic times, so it's a crapshoot," says Manny Azenberg, who produced Brighton Beach Memoirs for $500,000 in 1983.(See 10 big recession surprises.)
He also cited the deaths of children in Third World countries as a symptom of the financial recession.
Speaking at the newly opened Harvard Center Shanghai, Faust hinted that as the world’s financial markets begin to recover from last year’s deep recession, the University’s endowment will begin to show gains as well.
In October 2009, the University paid $500 million to exit interest-rate swaps which were intended to reduce risk in the financing of the University’s expansion into Allston, which is now on hold. The swaps failed after interest rates dropped to unprecedented lows during the recession.