Word: retrenchments
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Make yourself indispensable. Figure out your company's central mission and be part of it. When companies retrench, they say, "What do customers come to us for? What are we good at? Maybe we shouldn't be experimenting around in these other fields." And be visible...
...unsurprising consequence of such excess is that individuals and financial institutions must now retrench to rebuild their balance sheets. That is why this is not merely a financial crisis, but an economic crisis. A more prolonged recession than is currently expected is almost inevitable...
...housing crash and resulting credit crunch are already forcing U.S. households to retrench. Government--fearing disaster if everybody retrenches at the same time--has stepped into the breach. Again, that makes sense in a crisis. But once the panic has passed, the U.S. will simply be steering toward another, even bigger, crisis unless it finds something to replace debt as its No. 1 export...
...economy from the worst of the catastrophe in financial markets. But it hasn't fixed the problem that started the crisis: the fact that a few million Americans got home loans they can never pay back. The resulting foreclosures have been driving housing prices down and forcing lenders to retrench. The result is less credit for heavily indebted American consumers. In the second quarter of 2008, this credit crunch was counteracted by $78 billion in stimulus checks--yet another of those government interventions. That boost is petering out. The likeliest next step, while not the Great Depression, is a recession...
...Today, faced with having to spend billions more to upgrade their networks to handle heavy data traffic?and lacking evidence that consumers are willing to pay extra for whizzy videophones?those same companies are in a mad scramble to retrench as fast as they advanced. Saddled with debt, frightened by sinking stock prices and wary of technological delays, most carriers have postponed their 3G-investment plans and instead are settling for less costly upgrades of existing networks through technology known...