Word: slump
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...Junichiro Koizumi An outsider with personality. An idol with great hair. The longtime pol positioned himself as a challenger to the dry bureaucrats that have overseen Japan's decade-long slump. Desperate for change, the public overwhelmingly backed him. Which could be why he retains popular support, despite still festering economic problems, reforms yet to be enacted and still empty promises of better days...
That dual appeal is a sign of a welcome change in animation. Cartoons have bridged kids' and adult entertainment since the heyday of Walt Disney and Chuck Jones, but the field went through a long creative slump in the '70s and '80s, as programmers churned out Saturday-morning knock-offs made mainly to shill toys (My Little Pony) or repurpose sitcom characters (The Fonz and the Happy Days Gang). Today cartoons have undergone a renaissance, as kids' channels such as Nickelodeon and Cartoon Network have given their animators the freedom of auteurs. Smarter and more idiosyncratic, these animators have created...
...Immelt, 45, handpicked successor to the most influential CEO ever, Jack Welch. Immelt made his name boosting the fortunes of GE's Medical Systems business, and barely three months into his new job, he is already casting a large shadow. Despite the sour global economy, a debilitating advertising slump at NBC and a serious downturn in his jet-engine business, Immelt paid $2 billion in October for Spanish-language TV network Telemundo...
...TAIWAN SEMICONDUCTOR MANUFACTURING, has become a global leader, building microchips for everything from PCs to cell phones while leaving the design to others. This approach has freed small chip designers from having to build their own factories, resulting in more competition and innovation. Despite the global tech slump, Chang just announced a $20 billion expansion...
Will such opportunities persist in a postattack economic slump? Nik Theodore, research director of the Center for Urban Economic Development at the University of Illinois at Chicago, warns, "When the economy begins to slow down, the staffing industry feels it first." But the dearth of baby-bust workers (born between 1965 and '76) may help counter the bad news. Besides, says Ann Kelleher, president of Mature Resources, an Omaha, Neb., staffing company, special factors may insulate older temp workers, especially highly skilled ones. "We see companies really valuing the work that experienced older workers bring to the table," she says...