Word: slowdowns
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...letter called for Harvard to provide details within roughly two weeks about the budgetary quandary that forced the construction slowdown, as well as an outline of the slowdown’s impact on contracted workers. Menino also wrote that within 30 days, Harvard should provide a community impacts mitigation plan for the construction slowdown, as well as a proposed schedule for the development of the Institutional Master Plan for the Allston campus that identifies a “transformative project for the community...
...Today, the tigers are being tripped up by that same lifeline. As consumer and industrial demand dries up in recession-wracked Western countries, East Asia's export-led nations are proving to be extremely vulnerable to a synchronized global slowdown. Among the tigers, overseas trade is shrinking with frightening speed: Taiwan's exports in January plunged 44% from the same month a year earlier, while Singapore's fell 35% and South Korea's 33%. Overall economic growth is following suit. In the fourth quarter of 2008, Taiwan's GDP contracted 8.4% from the same period a year earlier, the worst...
...important change in the message it is now receiving: Many Allston residents understand the positive value of Harvard’s developments on their side of the river, and they want Harvard to proceed with construction as scheduled. Allston residents are correct to be dismayed by the construction slowdown. The new science complex and the rest of the Allston project will benefit the university in a host of ways over the long run, but we can only receive those benefits once the project is complete and operational. Moreover, the project will improve the city of Allston’s economy...
Looks like the Allston Brighton Neighborhood Assembly isn't too happy about the slowdown in Allston construction...
...recent global economic slowdown has put the brakes on Vietnam's decade of growth. The International Monetary Fund forecasts that Vietnam's GDP growth will slow to 5% this year from a high of 8.5% in 2007. Hit particularly hard has been the country's manufacturing sector, which helped lift millions out of poverty by providing relatively high-paying jobs. Declining orders from abroad have forced newly built factories to close, sending workers back to their villages...