Word: slumping
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...Steel Group of China purchased a $771 million stake in the Australian iron-ore exporter Fortescue Metals Group. And China Minmetals, another state-owned firm, offered to pay $1.2 billion in cash for Australia-based Oz Minerals, the world's second largest zinc miner. "These [Chinese] companies know this slump, while deep, will not last forever," says Xu Minle, a Shanghai-based analyst at BOC International. "China is now making strategic investments overseas at a comparatively lower cost...
Local contractor Wayne Mayo, 54, has watched this long slump up close. Like many other people in St. Helens, he used to work in the timber industry, as a lumber broker. But his more recent turn, as a general contractor, brought him face-to-face with an economic force he felt he could influence: illegal immigration. Although St. Helens has a relatively small Hispanic community - some legal, some illegal - the town is just 30 miles (about 50 km) from major population centers like Portland and Beaverton, close enough that out-of-town contractors with crews of underpaid, underdocumented construction workers...
...We’re in an offensive slump, and we need to pull ourselves out,” Allard said. “We’ve been changing up the lineup, doing more drills in practice, attacking and trying to improve. Working on our confidence...
...year ago, with Fox News in an election-year ratings slump, some TV observers (like me) wondered if its conservative commentators could thrive in an Obama era. The answer is yes, and how. Fox roared back and has more viewers than CNN and MSNBC combined...
...golf stop the slump? Polegato insists that his customers have asked that GEOX create a comfy golf shoe. "Golf is a perfect environment for GEOX technology," he says. "You walk long hours, often on a damp surface, and in warm if not hot climates. Why suffer with your feet? In the third millennium, it is impossible that people still suffer from such a basic problem as sweaty, smelly feet." Right on, Mario. The problem for GEOX, however, is that the world's economy may stink even worse...