Word: slow
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...Reserve has said that it now expects unemployment to hit almost 9% by the end of the year. But, the point at which the economy begins to turn around is not when joblessness hits its peak. This inflection comes when the rate of the increase in firings begins to slow. The most important moment in a downturn comes not when the damaging contraction's momentum has come to rest but when its progress has begun to slow. (See pictures of former Fed Chairman Alan Greenspan...
...housing market's sharp drop should start to benefit from the approval of a program to funnel $275 billion into mortgage modifications. The simple fact that such a large safety net may be set up under housing prices ought to help arrest foreclosures and substantially slow cascading housing prices...
...well that they cannot afford to do without all the people that they have. Not only will these companies be unlikely to fire people but some may actually be hiring. The other firms included have large amounts of cash on their balance sheets and have elected to use the slow economy to develop new products and services to take share away from financially weaker competitors. A few of the companies on this list had modest job cuts last year. None of them were significant and are highly unlikely to happen again. ( See pictures of TIME's Wall Street covers...
...regulate greenhouse gases. The Bush Administration largely ignored the implications of that decision for the next two years, likely in part because of complaints from industry that regulating CO2 would be expensive and maddeningly complicated. That's a point well taken. Something needs to be done to slow the rise in U.S. carbon emissions, but while in the absence of a national carbon-cap law federal regulation may be our only short-term option, it's not the best-case scenario. "It's a backup plan," says Doniger. (Watch a video about the next big biofuel...
...Faust added Harvard will also slow planning for the rest of its Allston construction—which has been slated to occur over a 50-year time span. She said that Harvard will deliver on its previously agreed-upon community benefits, as well as “develop options for interim improvements to [its] existing properties”—which some local residents say Harvard has left undeveloped to Allston’s detriment...