Word: slump
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Dates: during 2000-2009
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...slowdown isn't limited to the big three sports. NASCAR has been mired in a slump all season. Attendance is down, and a recent race at Talladega Superspeedway drew 50,000 fewer fans than the same event a year ago. The NCAA is cutting travel costs to combat the economic downturn. The organization will reimburse schools for only two bags of luggage per traveler, which will produce an expected savings of $1.5 million per year. Golf agents have reported a rough endorsement market for players, as the financial-services companies that have supported the sport got hit hardest by this...
...slump in exports has pretty grim implications for the country's manufacturing boomtowns, and the pain is already being felt. Stanley Lau, deputy chairman of the Federation of Hong Kong Industries, estimates that export orders at some 70,000 factories owned by Hong Kong companies in southern China have declined 5%-10% this year compared with 2007. Recent months have seen a first wave of bankruptcies and closures among the tens of thousands of factories in industrial zones from Guangzhou to Shanghai that make toys, jeans and PCs bound for U.S. retailers...
Shukla says if the situation does not improve, there could be distress sales within the next six months. The realty sector was heading for a cyclical slowdown even before the current economic slump. Over the past few years, increasing demand had pushed up prices, with speculators jumping in to further inflate the market. Eventually, inventory piled up when buyers refused to pay unrealistically high prices. "So many transactions were taking place between speculators and investors that no one bothered to find out what the end user, the family who would eventually live in the house, would be willing and able...
...help maintain the stability of the U.S. currency. One is that China is one of America's biggest creditors; the country holds some $519 billion in U.S. Treasury bills (second only to Japan's $593 billion), and it doesn't want to see these investments eroded by a slumping dollar. In addition, China is increasingly worried that an economic slump in the U.S. and Europe will curtail its export growth, dealing the Chinese economy a serious blow. To keep the prices of its exports competitive, Beijing has reversed a policy begun three years ago that allowed its own currency...
...wilds of second year? Maybe. And yet some colleges have concluded that the way to deal with the problems potentially caused by coddling is to do even more of it. That's one reason the University of Maine is developing a program to help combat the sophomore slump by building on what first-years learned in Froshville. Vanderbilt has a $1.75 billion capital campaign to turn all the rest of its dorms into neighborhoods where some 5,000 upperclassmen and their professors can live and eat together. "Twenty years ago, there was no talk of retention. It was just about...