Word: upturn
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Dates: during 2000-2009
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Will Bush Blink Again? Having flexed their muscles and forced George W. Bush to lift U.S. tariffs on imported steel last week, the E.U. and the World Trade Organization won't be toweling down just yet. Hailing an upturn in the economy and a better outlook for America 's steel industry, Bush said the time was right to end the 21-month-old subsidies, which violated WTO trade rules. But now U.S. trade partners are pressing for other concessions. "We have a number of disputes with the U.S. ," says Arancha Gonzalez, spokeswoman for E.U. trade Commissioner Pascal Lamy...
WYSS: It's a change in the structure of the job market. First, the payroll numbers miss new-corporation formation. In an economic upturn, that's a big deal. Second, companies are not hiring; they are putting people on contract. Those don't show up in the payroll numbers...
...rose from 89.2 in July to 90.8 in August, its fourth consecutive rise. The Munich-based economic institute surveys 7,000 executives each month about production, orders and inventories. "We've turned the corner," says Gernot Nerb, an economist at Ifo. "We're in the early phase of the upturn...
...European Union, which has a historically peevish attitude toward mega-mergers like General Electric and Honeywell, has more recently shown a softer side. But business has hesitated. "What was missing was the confidence of industry to believe in recovery," says Vieille. "This should open the way." If the upturn in M and A activity continues, it'll be good news for beleaguered investment banks, who have laid off tens of thousands of their staff worldwide in recent years. But it's far less clear that merger mania is good for the companies themselves or their workers. The very consultants...
...back on track. Advocates of liberalization on the Continent say they'll be careful not to repeat Britain's mistakes. They look instead at Sweden. It became the first European nation to split its track operations from passenger and freight services in the late 1980s, and has seen an upturn in rail traffic and a growing number of private rail operators. They include IKEA, the big furniture company, which has set up its own rail operations between Sweden and its biggest market, Germany. But elsewhere, the official reaction to liberalization is far more skeptical. No private operators have yet been...