Word: shifting
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...sales in both units and dollars are down roughly 10 percent for July through December of 2008 from the same period in 2007. Maco said that HUP was not caught off-guard by the recession, and has not had to rethink their plans, as they were anticipating a shift in the publishing market. “With the rise in popularity of digital content, the publishing industry’s sales had been seeing drops even before the recession,” she said. “It’s disappointing, but we’re trying to focus...
...Kennedy School Senior Associate Dean and Lecturer in Public Policy Peter B. Zimmerman. Murphy and Kirwan, who both play large roles in determining the state budget, emphasized that the recession will get worse before it gets better. “We are in the midst of a global economic shift,” said Murphy, who is also chair of the state’s House Ways and Means Committee. “Things will bounce back, but we are a long way away from that.” Kirwan said that at the start of Governor Deval Patrick?...
...transportation. Fewer cars on the road means less traffic for those who choose to drive. Airlines will offer far fewer short-haul flights, which reduces the number of delays and frees up runway space for the long-distance flights that train travel cannot compete with. Best of all, a shift toward rail travel eliminates some of the massive and costly expansion of highways and airports that will be needed in the not-so-distant future if current trends in transportation continue...
Boutique firms believe that Citi's troubles will shift the balance in the M&A business again. "We are being approached by more and more clients who are concerned about getting services from entities that are having trouble," says Kenneth Berliner, who is the president of top boutique investment bank Peter J. Solomon. "How much longer are the bankers who work there going to stick around...
...might jar the culture in deeper ways. For three decades, too much of art and design and entertainment has seemed caught in a cul-de-sac, almost compulsively reviving styles and remixing the greatest hits of the past. (Think: post-Modern architecture, pop music based on sampling, '60s-style shift dresses, pseudo-midcentury home décor.) Since we're now finished with a 25- or 30-year-long era in both politics and economics, maybe a new cultural epoch will emerge as well. Maybe more of the next big things will be actually, thrillingly...