Word: slump
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Dates: during 2000-2009
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...line of high-fashion dog accessories (with Bella, the labradoodle of supermodel Elle MacPherson, enlisted as its face), because it determined there were no dominant brands in that sector. Some agencies began creating brands before the recession, but the trend has picked up steam as a severe ad slump has forced them to explore alternatives to the traditional fee-based business model. "We are all looking to create new revenue streams," says Guy Barnett, a Brooklyn Brothers partner. "We need as many business models as we can get." Adds David Elms, a media-industry partner at consultants KPMG: "I understand...
Highlight Reel: 1. On why Sully was deemed a hero: "He was no Charles Lindbergh seeking to make history, no Chuck Yeager breaking the speed of sound. The Ubermensch era of aviation had long since faded. But he crashed during a slump in the American mood, and overnight he was transformed into a national hero, at a time when people were hungry...
...imports of U.S.-made cars from manufacturers that received government support. The trend has economists worried about a trade war. But U.S. officials dismiss that notion, arguing that the affected goods comprise a small part of the massive trade relationship that surpassed $400 billion last year. The global economic slump has no doubt exacerbated tensions, but the U.S. and China have matured in how they discuss their trade differences. "They're working through a lot of scattered issues, but they are working through the WTO," says James McGregor, the former chairman of the American Chamber of Commerce in China...
...visit comes at an awkward moment for the U.S. China, despite its 5,000-year burden of history, has emerged as a dynamo of optimism, experimentation and growth. It has defied the global economic slump, and the sense that it's the world's ascendant power has never been stronger. The U.S., by contrast, seems suddenly older and frailer. America's national mood is still in a funk, its economy foundering, its red-vs.-blue politics as rancorous as ever. The U.S. may be one of the world's oldest capitalist countries and China one of the youngest...
...competitive business on the streets of Buenavista, made tougher as the recession has pushed more and more women to make a living here. Mexico's economy is predicted to shrink 7.2% in 2009, its worst slump since the Great Depression. Grim by any measure, the fragile economy is evident in the swelling number of prostitutes working in Mexico City, estimated to have risen 10% in the past year. Residents of Buenavista have long complained of the worsening situation, but now the government has put forth a solution. (See pictures of fighting crime in Mexico City...