Word: worsens
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CONTEXT Longer hemlines are showing up in fashion designs for spring 2008, indicating that U.S. economic woes could worsen. Nicole Miller and Josh Goot had hemlines at the knee, and Generra and Miss Sixty's hems were mostly midthigh. The fashion houses could just be foreshadowing what will come next year: by 2008, 2 million people could foreclose on their homes as a result of the subprime-mortgage crisis...
...least noticing when recessions have begun, the indicators still point toward growth--albeit less convincingly than two months ago. "Having a jobs report come in negative does not mean that a recession has started," says managing director Lakshman Achuthan. But the risk is there, and Achuthan guesses it will worsen if loan markets fail to calm down. If a month from now a borrower with good credit still can't get a jumbo mortgage at a reasonable rate, a recession will be much likelier...
...global environmental conditions worsen, many people are recognizing that there are serious problems with the way we relate to the environment," says Swift. "People are drawn to a field like this as a way to help us connect with the environment. They realize there is a potential healing relationship between humans and the natural world...
...credit cycle need not end disastrously for investors or the global economy. Even today, we can still point to various economic positives - buoyant global growth, low inflation and enormous investment flows from Asia and the Middle East. But comfort from these forces may be short-lived if credit problems worsen and housing prices keep falling...
...breaking point," Blakey says of the U.S. air transportation system. Flight delays will reach record highs this year, and they are expected only to worsen as more passengers fly in the coming years. There are many factors contributing to record flight delays: more passengers, more regional jets that hold fewer passengers, fewer air traffic controllers and airline labor disputes. But a significant reason for flight delays is congestion or breakdowns within the National Aviation System (NAS), which includes airports and the air traffic control centers. In June, problems with NAS caused 32% of all flight delays, according to the Department...