Word: slump
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Dates: during 2000-2009
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Aside from bankers and automakers, few can claim as rough a ride in 2008 as those in the airline business. Eye-watering fuel prices in the first half of the year and the onset of a global slump in the second will mean a $5 billion loss for the industry this year, according to the International Air Transport Association (IATA). More than 30 carriers from Hong Kong to the U.S. have gone under in 2008. Desperate to trim costs and bolster revenues, carriers are turning to mergers to survive, and nowhere is that happening more than in Europe. "The name...
...China needs a new economic miracle - and the trajectory of the global economy may depend on whether one can be conjured up. China, theoretically, should be one of the locomotives that will eventually help pull the world out of its slump. That won't happen overnight; overhauling the world's fourth largest economy is going to take some time. For the moment, to tread water, Beijing is frantically throwing money at infrastructure projects, much as U.S. President-elect Barack Obama now promises to do in America. But ditch-digging on a national scale, Beijing knows, will not take China where...
...present day consumer culture, almost anything can be bought and identity is no exception. An artsy persona, like everything else, can be purchased—pre-packaged and custom-labeled—for a small price, of course. If the economic slump has wrought a minor hole in your leather billfold, not to worry: these surefire tips will ensure that peers and passersby alike nod and murmur approvingly, “He’s/she’s so artsy,” as you saunter past. 5. Non-prescription clear (read: fake) glasses These preferably oversized glasses will...
...Morgan's script has events push Frost against the ropes, the better to show how he rallied to win the fight. In a career slump after losing his Australian TV gig, he secures a contract for the Nixon interviews but must pay $200,000 out of his own pocket. The three big U.S. networks refuse to buy into his scheme, and he borrows money from friends. (He eventually creates a de facto network of independent stations to air the interviews.) Of the two reporters he hires to research Nixon, one, Bob Zelnick (large, puddingy Oliver Platt) is cynical of Frost...
...they don't want to build. They have to build them because they have a fixed cost structure to amortize," says Nick Gidwani, a former auto-industry investment banker with Sankaty Advisors and now head of the startup auto-sales website CarZen. Particularly after the post-9/11 sales slump, Detroit got addicted to this strategy and used it to move plenty of SUVs...