Word: slump
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Dates: during 2000-2009
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...referred to as “mayor for life,” came to power in 1993 and has since either run unopposed or dominated elections with a large majority of votes. He has maintained approval ratings in the low 70s over the past few years despite the economic slump and criticism of Boston’s public school system, according to surveys by the Boston Globe. A poll from May found that 57 percent of Boston residents claimed to have met the Mayor personally...
...common fear among athletes successful in their debut seasons is falling into a “sophomore slump,” but so far the Harvard cross-country team appears to be immune. The Crimson men and women had markedly different results at the Iona College Meet of Champions—held at Van Cortland Park in Riverdale N.Y. on Saturday morning—but both squads enjoyed strong performances from a number of sophomores, and a rookie, to kick off the fall season. Four Harvard women crossed the line in the top six to lead the Crimson...
...drive to lower trade barriers has taken on fresh urgency amid the recession. Fears of an extended slump in spending by U.S. consumers have prompted policymakers to look to China, India and other neighbors as customers for exports. As Asian manufacturing networks become more intertwined - and as Asian consumers become wealthier - regional commerce is becoming critical to future economic expansion. Intraregional trade last year made up 57% of total Asia trade, up from 37% in 1980. "In the past Asia produced for America and Europe," Philippine President Gloria Macapagal Arroyo said recently. "Now, Asia is producing for Asia." (Read "Signs...
...slump in the stock market really a reflection of rot in the wider economy? Not necessarily. Unlike the NYSE or the Hong Kong Stock Exchange, where institutional investors react as much to fundamentals as to greed and fear, the Shanghai and Shenzhen exchanges are dominated by retail investors driven to frenzy by speculation and sentiment...
...places in the world these days where consumers speak with that kind of confidence. With the U.S., Japan and all of Europe mired in the worst global recession in 30 years, China has shown a restorative strength that six months ago many doubted it had. A devastating slump in exports crippled growth late last year, but on the back of a $586 billion government stimulus program - about 13% of GDP, spread over two years - China has snapped back. The economy grew 7.9% in the second quarter and will now probably expand 8% or more this year. Evidence of increasing momentum...