Word: short
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Dates: during 2000-2009
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...Clearly, a recession can shred the spending power of millions for many years. Doesn't that have negative repercussions for a U.S. economy underpinned by consumer spending? In the short run, laid-off workers or graduates will consume much less, but so will most other people. That will stall the recovery process because everyone is waiting to see what happens. But in the long run, roughly three things help the economy improve. First of all, those not laid off - the majority - start consuming again. Second, a new cohort comes into the labor market and is likely to benefit from...
What's attractive to well-heeled fans and Latvian weight lifters, however, doesn't always help a host city or its residents. Critics of the bid say that while the Olympics might provide construction jobs and an influx of revenue, any boost would be short-lived. "To make a city prosperous, it's about brainpower, not block parties," says Tom Tresser, an organizer for the opposition group No Games Chicago. Though Mayor Richard Daley has promised that local taxpayers wouldn't pay a dime of the Games' estimated $4.8 billion cost, he's also signed an agreement with...
...paying twice the going rate. Starbucks joined the cause and this year has pledged to double the amount of Fair Trade coffee it buys, to 40 million lb., 40% of the Fair Trade beans the U.S. imports. The company declined to comment on whether Fair Trade's benefits fall short of its vision or how much it would need to raise prices if coffee were to climb to $2 per lb. Fair Trade "isn't the only reason I drink Starbucks, but it's a big one," says Connie Silver, a nurse, sipping a large, $4.15 Frappuccino outside a Miami...
...Crimson defense did not let up. With Lehigh on the Harvard 19-yard line, the Crimson stopped receiver Jake Drwal just inches short of a first down on an attempted fourth-down conversion. And though the Harvard offense wasn’t making much noise, Zych and Takamura ended Lehigh’s next two drives with interceptions...
Another late rally came up short against the Sage Hens (8-10). Perhaps still tired from its earlier game against Chapman, the Crimson struggled to get things going for the first three quarters of the contest and trailed by six entering the fourth quarter, where they rallied...