Word: steeping
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...With history books replete with tales of V-shaped recoveries following steep downturns, financial markets have become giddy, hoping that signs of bottoming beget the long-awaited rebound. Nowhere is that more evident than in Asia, an increasingly China-centric region convinced it will lead the world out of its long nightmare...
...quick spin around the second or third floors of New York City's Bergdorf Goodman department store. There you will find racks upon racks - sometimes, entire collections - of designs by Marc Jacobs, Chanel, Dior, Armani, Thakoon and Alberta Ferretti marked down 40%. What's impressive is not only the steep markdowns, but also the sheer volume of merchandise that remains. In some cases, every size of a silhouette is still available, indicating that not a single shopper bought the look...
...sure, the financial-services business is not immune to the downturn. Many bankers have lost their jobs as their firms have faced steep losses from bad loans or just gone out of business. There are 296,500 fewer people working in banking and insurance than there were at the start of the recession, according to the BLS. And financial-services workers have been hit far harder in this recession than in past ones. In the 2001 downturn, employment in the banking and insurance sectors actually rose 1%. Finance-industry jobs did fall in the early-'90s recession, but just...
...ADIRU. But if it did, and if the Air France plane plummeted into an uncommanded dive while traveling through a downdraft generated by storms - a common occurrence over the region of the Atlantic Ocean where the plane went down - it could have been doomed as it entered a steep dive and likely broke...
...from the city - not that far - and the conditions are still pretty poor." Truth to tell, they're bad enough in parts of the city itself, where legions of "stick stick" men line the sidewalks hoping to earn a few dollars carrying goods up the town's steep hillsides, reminding all who see them of China's lingering poverty...