Word: shrank
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...third roar was the fan-love roar, rising as Woods smashed his first shot on the first hole of a tournament he has won four times in the past 13 years. The ball soared. Woods twirled his club. The ball shrank to a vanishing speck against a cloudy sky. Woods stooped to pick up his tee. Finally, the ball returned to the green Earth, right in the middle of the fairway, in that far-distant land known as Tiger Country. (See a brief history of the Tiger Woods scandal...
...certain extent, mounting sovereign debt is a natural outcome of the recent recession. As in any downturn, tax revenues shrank but government spending increased to stimulate sagging economies. The result: budget deficits and more borrowing. Expensive banking-sector bailouts made the burden even heavier. That's not automatically dangerous. There is no particular level of debt that acts as a trip wire and tosses an economy into crisis. Different economies can bear different levels of government debt, depending on their ability - real or perceived - to finance it. While Greece's small and uncompetitive economy is struggling to stay afloat, Japan...
...escaped this recession unscathed. Revenue last year shrank by about $6 billion from 2008, forcing widespread belt-tightening. Just last month, despite the improved outlook, Davis revealed a major restructuring that included 1,800 management and administrative layoffs. Two weeks later, on Feb. 8, he announced plans to furlough at least 300 of the company's 2,800 pilots. These cuts come on the heels of a 4% reduction in UPS's 408,000-strong global workforce...
...Obama years. On the surface, it appeared that Obama took office in a stronger position than Clinton had, since Democrats boasted more seats in the Senate. But in their jubilation, Democrats forgot something crucial: vicious-circle politics thrives on polarization. As the GOP caucus in the Senate shrank, it also hardened. Early on, the White House managed to persuade three Republicans to break a filibuster of its stimulus plan. But one of those Republicans, Pennsylvania Senator Arlen Specter - under assault for his vote and facing a right-wing primary challenge - switched parties. That meant that of the six Senate Republicans...
Little wonder. GDP shrank by 15% last year and factories laid off thousands of workers. Transparency International's Corruption Perceptions Index for 2009 placed Ukraine 146th out of 180 countries, on the same level as Zimbabwe. "Things were better under Leonid Kuchma," says Stepan Grechkivskiy, who owns a milk factory in western Ukraine, referring to Yushchenko's authoritarian predecessor. "There was order, but now there is chaos." (Read more about Ukraine...