Word: slowdowns
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Dates: during 2000-2009
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...year of 2009, citing the data presented at the Massachusetts Taxpayers Foundation. Massachusetts governor Deval L. Patrick ’78 implemented the budget cuts on Oct. 15, as a response to an estimated state budget deficit of $1.4 billion. The deficit has been caused by the current economic slowdown and the corresponding decline expected in state revenue, according to Patrick’s press statement. Among the affected Cambridge initiatives are the Cambridge Health Alliance, the Center for Families, and the North Cambridge Crime Task Force. CHA, a Harvard-affiliated public hospital system that operates in more than...
...retailers will be managing inventory smartly. The economy has been braking for months, so many stores have already adjusted inventories accordingly. "Don't forget, this slowdown started hitting a lot of retailers back in December of last year," says Darrell Rigby, head of Bain & Company's global retail sales practice. "It might be challenging, but it's not completely surprising." Still, no one predicted a Wall Street implosion right before Santa Claus' arrival...
...thing will not change, even with an economic slowdown: people will continue to buy gifts. What's undecided is how many and how much. Says Martin, "You have to do a lot to take away Christmas from the American consumer...
...worried are you about the slowdown in China's GDP growth...
...Still, central bankers around the world, in an effort to ward off the worst effects of a global economic slowdown, appear to be engaging in a rate race to the bottom. China on Oct. 29 cut its interest rates for the third time in six weeks, and the BOJ is expected to cut its key policy rate below the current 0.5% soon. Though rates in Japan are already almost nil, Tokyo's hand is to an extent being forced by Washington. That's because as U.S. rates fall, fewer investors are willing to hold U.S. dollar debt, which undermines...