Word: rosee
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...fickle. A more encouraging sign is that productivity--which normally declines during recessions as output falls faster than hours worked--amazingly increased during the slump. The Labor Department reported last week that output per worker surged at an annualized rate of 5.2% in the fourth quarter, and rose 1.9% for all of 2001, even as the economy inched along. Productivity growth will probably continue as demand recovers, allowing employers to increase pay without raising prices or fueling inflation...
...commonly defined as at least two consecutive quarters of declining gross domestic product, a measure of national output. This slump didn't make the cut. There has been just one quarter of negative growth, last year's third quarter, when GDP fell at an annualized rate of 1.3%. GDP rose 1.4% the following quarter and is expanding now as well...
Trailers are tested, polished and targeted to audiences almost as carefully as the movies they advertise. Studios typically spend up to $600,000 on trailer production and prints, and buying TV spots accounts for more than half of the studios' marketing budgets, which rose 13% last year. In 2001 the average studio movie cost $47.7 million to make and an additional $31 million to market...
Today, however, costs are soaring again, fueled by drug and hospital prices. Insurance premiums rose 11% last year, and are likely to increase an additional 15% this year. Because of the recession, employers are trimming or eliminating coverage even as an estimated 2 million Americans have lost their health plans along with their jobs. State governments, facing a collective deficit of $40 billion, can no longer afford the extra Medicaid benefits they began paying for a few years ago. "You can't just manage your way out of it anymore," says Engler. "The numbers are getting...
...DIED. DON HAIG, 68, film producer and editor regarded as the godfather of Canadian movies for his willingness to assist and nurture aspiring talent; in Toronto. Haig rose from humble beginnings?cutting commercials into the The Ed Sullivan Show for the Canadian Broadcasting Corp. in the '50s?to become a prominent figure in Canadian cinema. He is best known for his work on the Oscar-winning documentary Artie Shaw: Time...