Word: sharp
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Dates: during 2000-2009
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Another issue is that while there are signs that housing and consumer spending in the U.S. are no longer in the free fall of a few months ago, other parts of the economy are still in sharp decline. To quote Shepherdson again: "The epicenter of the recession has shifted from the consumer to the corporate sector." And it's possible that corporate cutbacks could lead to a relapse among consumers. "The main downside risk probably lies in sharper-than-expected multiplier effects via the dramatic deterioration in the labor market," warned Goldman Sachs economist Jan Hatzius on Monday after predicting...
...decided that shunning Belarus has not worked. "Isolation is perceived to have failed as there has been little change in the political structure of the country or moves toward democratization," says David Marples, a Belarus expert at the University of Alberta in Canada. With Russia badly hit by the sharp drop in the price of gas and oil, it's also a good opportunity to increase Europe's influence in the region...
...outrage will pass, and when it does, we're going to have to focus on whether keeping AIG afloat is preventing a sharp recession from becoming a prolonged one. The reason AIG has cost taxpayers $170 billion - and the reason the Obama Administration seemed willing, at least at first, to hold its nose and accede to bonuses for the company's managers - is that it's too big to fail. It's an often heard phrase, but what does it really mean? (See the top 10 financial collapses...
...Global-warming issues face particularly tough obstacles, especially at a time when the prophets of other crises proclaim more-imminent doomsdays. Obama, says Frank O'Donnell, president of Clean Air Watch, "is taking on an awful lot of sacred cows all at once, and these are cows that have sharp teeth and are going to bite back." (What exactly is a green-collar...
Experience vs. Youth. A study of Canadian air-traffic controllers published in this month's Journal of Experimental Psychology suggests that an aging brain is just as sharp as a young one - at least when it comes to surveying the skies. While older controllers, aged 53 to 64, were slower on simple memory or decision-making tasks not directly related to air-traffic control than their younger peers, aged 20 to 27, they did equally well on tests that directly simulated the tasks of an air traffic controller. The study's lead author theorizes that decades of experience and expertise...