Word: slowdowns
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Dates: during 2000-2009
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OPEC wants to play Alan Greenspan to the world's oil economy, but rogue member Iraq and the U.S. economic slowdown could foil the oil cartel's best efforts. The cartel - which meets out in the open to fix prices, despite the fact that half its members are also members of the World Trade Organization, whose rules forbid such practices - is due to convene in Vienna next week, and is expected to agree to reduce the world's oil supply by 1.5 million barrels...
...factors are muddying OPEC's best efforts to manipulate the oil price by controlling the supply. The first is the slowdown in the U.S. economy, which has been the engine of global economic growth over the past two years. That growth, particularly in Asia's export-driven economies, has substantially increased international demand for oil, driving last year's spiraling prices. A sharp slowdown in the world economies could plunge oil prices back into the teens, and make it more difficult for OPEC to maintain the remarkable cohesion and output discipline among its members exhibited in the past two years...
This year's seniors may face a tougher time than the Class of 2000 in the job market, as companies begin to scale back hiring in the face of dismal dot-com performance and a possible economic slowdown, economists and officials at the Office of Career Services (OCS) said yesterday...
Murray said changes in recruiting schedules did not necessarily mean an economic slowdown is around the corner...
...truth is, Harvard students are at the top of the pecking order. People will recruit here even if there is an economic slowdown," Murray said...