Word: slumped
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...particularly hard on California, where consumers and companies are bracing for a summer of blackouts, thanks to the Golden State's famously botched deregulation plan. California produces 13% of the U.S. gdp and could become a national crisis all by itself if energy woes drag it into a slump. Richardson chides President George W. Bush for refusing to put temporary price caps on wholesale electric rates in California, which have risen to an astonishing $1,900/MW-h, vs. a precrisis $30/MW-h. But even if there were such caps, the former Energy Secretary adds, this would be "a horrendous summer...
...wrote off a record $2.3 billion in inventory, including $900 million in processors and $300 million in semiconductors. Similar liquidations are taking place throughout the electronics industry. And they're providing fresh opportunities for a small band of nimble souls who are profiting not in spite of the tech slump but precisely because...
...taking on the hand-picked successor of the Liberal Democratic Party stalwart who had held the office captive for two decades. He ran a campaign of outrage against waste, fraud, the status quo, and the ldp's fruitless effort to end Japan's 10-year-long economic slump. The message was just right, and if nothing else, serial playboy Tanaka wasn't a bore. He won easily...
...seems like others are just on their way back: Janna McDougall, Anna Fraser, and departing captain Ali Shipley showed that in no way were they going to give up on a season or on a career because of a slump or an injury. These women made it happen...
Butch Razey, a cherry farmer in Washington State who commands the 419th Yakima County Militia, blames the slump on a lack of "Y2Ks or anything like that." The smooth turnover of the clocks on Jan. 1, 2000, was a blow to many conspiracy-minded groups, which had predicted global chaos. "After Y2K," says Potok, "there were a lot of angry letters in the extremist publications saying, 'You've made fools of us--we have a basement full of supplies and nothing to use them for.'" But if the militias are fading, some of their paranoid fervor lives on. Take John...