Word: slowdown
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...Science Complex in February, citing financial difficulties caused by the economic downturn. Stem cell researchers—who have for years been dispersed across Harvard’s Cambridge and Longwood campuses—had been slated to move en masse to the Complex. To ensure that the Allston slowdown would not derail continued research progress, University officials opted to use existing lab space in Cambridge to accommodate the researchers.Planners ultimately chose the Fairchild Building, a roughly 30-year-old laboratory complex built specifically for biochemistry research that was even planned by a few of the current occupants.The labs...
...also take advantage of the crisis to sort through University priorities going forward. “We must be in charge of change instead of being the object of change,” Faust says.But the changes the University has implemented thus far—including salary freezes, construction slowdown, and reduced faculty searches—have been incremental and measured in scope, and though Faust has yet to flesh out major structural changes, donors approve of the restraint she has shown in approaching budget cuts.“I think the fact that they’re being cautious...
...there are early signs that the massive influx of government spending is already accomplishing its main goal: easing China's economic slowdown, which has been headlined by double-digit declines in exports, thousands of factory closures and the layoff of about 20 million workers. Economic statistics for the first quarter of 2009 were surprisingly positive, leading some economists to conclude that the rate of contraction was slowing and that China might be on the road to recovery. Power-generation and transportation statistics, key indicators of the economy's direction, registered modest increases in March after months of decline. Banks lent...
...contrast, Saudi Arabia's institutional memory of the boom and bust cycle served it well during what was the kingdom's third great oil boom of the past four decades. After the high prices of the 1970s, Saudi Arabia's economy went through a long-drawn-out slowdown as oil revenues plummeted for most of the 1980s. After a spike when Iraq invaded Kuwait, prices weakened again in the 1990s, even as Saudi struggled to pay off its (large) chunk of the bill for the first Gulf War. At the height of the Asian financial crisis in 1998, oil prices...
...widow, Zeng Jingfang, calls the verdicts an injustice. And she notes that even after her husband's death, little has changed. "Similar cases of chengguan violence continue to happen," she says. The "deep concern and reflection" only led back to the sanguinary status quo. But as the economic slowdown puts further pressure on the chengguan, China's city-management officers may finally be forced to manage themselves...