Word: turmoils
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...news comes during the worst economic turmoil in decades. University endowments across the country have begun announcing unprecedented losses and instituting hiring or construction freezes in an effort to save funds...
...paints the Crimson as a motley crew of scrappy underdogs overmatched by the Bulldogs despite both teams entering the game undefeated. Most of the former Harvard athletes interviewed come from blue collar backgrounds and some are the first in their families to make it past high school. Amid the turmoil of Vietnam, the Crimson features players both for and against the war—and one, Pat Conway ’69, who fought in it—that put their differences aside in the spirit of team unity...
...right? This is after all, not a trivial question. With the U.S., Japan and Europe all heading simultaneously into recession, China stands alone as one of the pillars of the world economy that might at least carry itself through the turmoil, and perhaps even bring along parts of Asia on its coattails...
...annual rate of 19% in October, some economists believe that could fall below 10% by the end of the year because of lower Christmas-season orders for products like electronics. And China's notoriously thrifty consumers haven't made up for the drop in foreign demand. Amid the global turmoil, their expectations for rising incomes are at the lowest level recorded in years. All of that threatens to turn Dongxiaokou from the epicenter of a bustling recycling economy into a massive junkyard...
...third quarter - the second consecutive quarter-on-quarter contraction. That officially means Hong Kong is in a recession, and it doesn't look likely to end any time soon. The government lowered its forecast for 2008 growth from 4-5% to 3-3.5%. "The global financial turmoil has derailed the economic upturn that Hong Kong has enjoyed," government economist Helen Chan told reporters. (See pictures of the global financial crisis...