Word: steepness
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Dates: during 2000-2009
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...money couldn't come at a better time. According to the Bureau of Labor Statistics, unemployment for 16-to-19-year-olds is nearly 23%; that's more than double the 9.2% national unemployment rate and the highest it's been since 1992. Why the steep rise? For starters, there's this little thing called the recession. But concern about youth employment also pretty much fell off the federal radar in recent years. Back when President Lyndon Johnson launched the War on Poverty in 1965, the Federal Government started funding summer-jobs programs for low-income youth. These efforts included...
...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...