Word: recessional
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How to Lose Influential Friends The recalls came at time when Toyota was regaining momentum after losing $4.9 billion in its latest fiscal year, as recession-racked consumers parked their money. For much of the past year, hundreds of Toyota employees in the U.S. didn't build cars at all...
For bespectacled Sirou Hirayama, times have never been so bad. He and his wife Kiyomi, standing behind the counter at the Toyomi pharmacy in downtown Toyota City, home to Japanese car giant Toyota Motor, complain that the global recession has so punished the local economy that his sales are down...
Paid for, thank you very much, by the taxpayers of Vancouver. More than any other project in recent Olympic history, the $1 billion residential complex represents the risks that urban governments face when trying to host one of the world's biggest parties. The city planned to invest about $47...
The city could recoup its investment if the developer sells enough million-dollar condos to Vancouver residents after the Olympics are over. That may have been a reasonable expectation in the real estate go-go days. Yes, the digs are nice, and the development has won kudos from environmentalists for...
Krugman faulted the Obama administration for declaring a freeze on non-security discretionary spending and making a second stimulus package politically impossible, drawing parallels to former President Franklin D. Roosevelt’s decision to reduce government funding in 1937, which resulted in another “severe recession.?...