Word: slump
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Dates: during 2000-2009
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...Tradition Re Toko Sekiguchi's "Relax, the company's buying" [Aug. 20]: From the 1960s to the '80s the Japanese believed that workplace success was the top priority. Corporations rewarded employees for their service by applying the seniority wage system and guaranteeing lifetime employment. But the country's economic slump in the '90s destroyed this close-knit corporate culture, undermining the traditional work ethic. Despite signs of Japan's improving economy during the past several years, workers have become suspicious of employers' proposals for bringing back conventional labor policies. Younger salarymen came to value career moves over lifetime employment because...
...Tradition Te Toko Sekiguchi's "Relax, The Company's Buying" [Aug. 20]: From the 1960s to the '80s the Japanese believed that workplace success was the top priority. Corporations rewarded employees for their service by applying the seniority wage system and guaranteeing lifetime employment. But the country's economic slump in the '90s destroyed this close-knit corporate culture, undermining the traditional work ethic. Despite signs of Japan's improving economy during the past several years, workers have become suspicious of employers' proposals for bringing back conventional labor policies. Younger salarymen came to value career moves over lifetime employment because...
...think Japan's hard-drinking business culture is as dead as the Sony Betamax, think again. After more than a decade of austerity (not to mention sobriety) during Japan's lengthy economic slump, many Japanese companies are thriving today - and they're reviving some of the business customs that were hallmarks of Japan Inc. during the booming 1980s. Not only are company-sponsored drinking marathons back, so too are subsidized dorms for single employees as well as corporate outings such as hot-spring retreats and annual visits to the company founder's ancestral grave. "We realized that workplace communication...
...Part of the dwindling interest can be explained by the overall slump in music sales, but there's no question that MTV has also abandoned a lot of the audience that would once have had an interest in a three-hour-plus music awards show. With videos now as rare as senior citizens on the channel - and yes, even complaining about the relative scarcity marks one's age - the current MTV audience has become intolerant of extensive music programming...
...less. Johnson says that in some of those developments, as many as 80% of the buyers were subprime borrowers and many of them first-time homeowners. Consequently, when interest rates started to rise, they were squeezed hard. Now the region is a symbol of the real estate slump...