Word: slump
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Dates: during 2000-2009
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While Burmeister is expected to return to play shortly, Harvard will always be able to thank Connolly for helping to drag them out of an early-season slump...
...Thankfully, the Social Democrats and Greens hate the Left Party, an amalgamation of renegade Social Democrats and ex-Communists rooted in the former East Germany. Otherwise, the moral of this tale is a bleak one. Like France and Italy, Germany cries out for change after a ten-year structural slump. Its growth rate is the lowest in Europe, its unemployment stands at 12%, and its budget deficit at 4%. And the voice of the people has just proclaimed: That's just fine with us. Or more accurately: While we understand the need for belt-tightening, let's start with...
...barrel have been proved wrong. "Warnings that [$50-a-barrel oil] would threaten a global downturn turned out to be too pessimistic," says Richard Berner, an economist at Morgan Stanley in New York. With prices threatening to bust through $70, though, the chances of an energy-related economic slump are growing by the week...
...many, that slump is already here. Jung Jun Ki, 65, owns a factory south of Seoul that makes plastic containers such as lunch boxes and trash cans, which are produced using oil-derived polypropylene. Jung, whose factory employs about 50 people, says as many as 40% of Korea's small and mid-sized plastics manufacturers have gone out of business in the past 18 months because, in a highly competitive industry, they've been unable to raise prices to compensate for higher production costs?the price of polypropylene has soared from $800 per ton last year...
...first casualties when business gets tough, and enviros often criticize the promises as "greenwash"--really, business as usual. In 2000, Ford Motor lit up the Birkenstock crowd by promising to improve SUV fuel economy 25% by 2005; three years later, the firm reneged amid a steep sales slump and $6.4 billion in losses. Ford has started issuing reports on its environmental impact and is taking steps to address global warming. But nowhere in the publicity efforts do you hear that the firm is part of an industry group suing California to block a regulation requiring a 30% cut in greenhouse...