Word: weak
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Dates: during 2000-2009
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...Despite the stock market's euphoric reaction and the positive reviews by analysts, economists warned that the effects of the measures will take time to work through the system, with the largest impact not likely to be felt until 2010. "I think that we'll see a couple of weak quarters in 2009," Simpfendorfer says. While the size of the package was welcome, "it's the speed of its implementation that is really important," he says. "My concern is that the contraction in demand will take place before the fiscal policies have time to take effect." To an economy heavily...
...describe the possible shape of the U.S. downturn if you plotted GDP growth on a graph: V (short and shallow); W (double dip with a positive blip in the middle as a result of fiscal stimulus programs); L (a protracted, Japan-like stagnation); saucer (stagnation with a very weak recovery). A V-shaped recession now seems highly unlikely. The U.S. housing sector continues to deteriorate, eroding consumer confidence and wealth. Private investment is in free fall, and personal consumption (which accounts for 70% of U.S. GDP) is getting weaker and weaker...
When Canada enacted some of the first incentives at the turn of the millennium, the weak Canadian dollar and the tax credits were enough to lure many Hollywood films out of the country altogether. An ensuing uproar within the American film community sparked a move to entice these “runaway productions” to remain in the lower 48, and many states formerly unfamiliar with film production found their way into the industry. Currently, approximately 80% of American states provide some benefit—ranging from sales tax exemptions to tax credits—to films that shoot...
...Visions Given a President who was radioactive and an economy weak in the knees, you could say the outcome should never have been in doubt. Seventy percent more people voted in the Democratic primaries as in the Republican; 9 out of 10 people say the country is on the wrong track. In that light, McCain was his party's sacrificial lamb, a certified American hero granted one more chance to serve, with enough rebel credits on his résumé to stand a chance of winning over disgruntled voters if Obama somehow imploded...
CANADA Drop in currency value since a year ago: 21% If Canadians didn't want us to make fun of their traditionally weak currency, why did they call it the loonie? A year ago, the joke was on us - a Canadian dollar was actually worth more than its American counterpart. Fortunately, economic catastrophe has reasserted the natural order of U.S.-Canadian relations. From the cosmopolitan charm of Montreal to the amazing skiing of Whistler (and, in between, Saskatchewan), America's neighbor to the north is a great place to spend strengthening greenbacks. Bonus: Global warming will make those biting Canadian...