Word: slump
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Dates: during 2000-2009
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...economic slump persists, companies are becoming stingier with the severance packages they offer laid-off workers. At the same time, more employees are asking their firms to tweak the terms of their parting pay - a shot to get more as they head for the door. "The packages are smaller than they have been, and that makes the need to negotiate more critical," says employment lawyer Robin Bond, "especially since you don't know how long it's going to be until your next...
...question that 3-D has an appeal to an industry that, though the box office has been robust in these recession days, is facing a slump in DVD sales and the prospect of hard times. Monsters vs Aliens, which opened Friday, is bound to be the weekend's big picture. Cameron's 3-D Avatar, his first feature film since Titanic in 1997, is the gotta-see event of 2009; and any film in the process by Spielberg, Jackson, Robert Zemeckis or Robert Rodriguez should be exciting, if only because the directors will be juiced playing with this marvelous...
...they do their job, the longer they have to do it. After 13 years running Africa's biggest economy, Manuel actually would quite like to do something else. "You bet I would!" he tells TIME. But any plans are on hold for now. In the middle of the global slump, he knows he's needed more than ever. "There is a silly part of me that sees this appointment as a service to the people," he says. (See pictures of the global financial crisis...
...option but to trim costs. The sport's leading teams last year had annual budgets of $400 million or more. The huge gap back to the other teams not only created a predictable title fight between just three or four drivers but has forced teams out. Worried by the slump in the global auto market, Japanese carmaker Honda, which spent $350 million in 2008, cut its ties in December. (The team has been bought out by former boss Ross Brawn and will now compete as Brawn...
...priority: restarting trade. Behind the stomach-churning drop in the world economy is a factor that governments have largely ignored: a slump in trade. The flow of imports and exports has actually contracted more dramatically than the world economy as a whole, because its lifeblood, private-sector trade finance, has dried up. This is fixable, since most governments have export-credit organizations dedicated to trade finance. Governments should instruct them to jump-start trade flows until private sector financiers return...