Word: slump
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...just 2 1/2 years, Talk's losses swelled to an estimated $50 million. There was friction between Brown and her backers, Hearst executives and Harvey Weinstein, the hard-charging Miramax co-chairman. While Talk actually increased its ad pages and revenue in 2001, the post-Sept. 11 economic slump appeared to deliver the coup de grace. Said Talk Media president Ron Galotti, "It became fairly bleak for someone...not part of a big corporate conglomerate...
...biggest improvement recently has been Jordan. He posted 17 points against Boston to help snap the slump. He then canned 30 against Philly and 22 against Miami. Two more losses followed, and then the Wiz went on a tear. They have now taken 15 of their past 20 games, good for third place in the NBA's Atlantic Division. And Jordan is imparting his magic as a player, floor coach and motivator. Against Charlotte recently he jacked up 51 points, becoming the oldest player ever to score that many, and followed up with 45 two nights later against New Jersey...
...will be an interesting election. Only a year ago, Schröder looked unbeatable. His government had cut taxes without chopping social programs, proposed reforms for state pensions and come up with a plan to balance the budget. Still, the global economic slump hit Germany, with unemployment inching up to the important benchmark of 4 million. Schroder made an election pledge four years ago to get jobless numbers down to 3.5 million by the time of the election on Sept. 22. "The economy is the big issue," says Peter Lösche, a professor of political science at the University...
Roubaix, a thriving textile center in the 19th century, was hit by a slump in the '60s. These days the Roubaisiens who have jobs - unemployment is 14% - tend to work in retail and advertising rather than in factories. Figuring that tourism could be an option for a place that had run short of them, in 1990 Gaudichon persuaded the city to convert the derelict swimming pool into a home for Roubaix's unseen treasures. They included a unique hoard of textile patterns and samples dating back to 1839, as well as an art collection that had been closed to public...
...people with the least amount of power and the lowest pay in society: maintaining their pay is the humane thing to do," says Maria Zeneida Angara-Collinson, Philippine Consul-General in Hong Kong. "If the government is looking at this as a way out of the economic slump, it's not going to make a dent...