Word: downturn
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...Greek government's message. Still, even as Greeks grapple with changing their lifestyle, the fact that they like to spend could turn out to be a blessing. "Greece is a poor country with rich people," says Sarantis. "It's a strange thing." He has a point. Despite the economic downturn, Golden Hall, a luxury mall in the capital that opened in 2008, was packed on a recent weekend, and the shelves in many of its 131 stores were bare. Perhaps it's a final party, just like Tsiknopempti, before things get leaner. A recent poll in the newspaper Ethnos reported...
Pavan Sukhdev observes, "The loss of forests worldwide amounts to somewhere between $2 trillion and $4.5 trillion a year. Losses in the U.S financial sector [in the economic downturn] were between $1 and 1.5 trillion. But the banks made the headlines...
While funding from the Medical School has remained constant, Bennet explains that several foundations had to temporarily limit grant awards or eliminated funding completely due to the economic downturn...
...movie is a striking downturn in Kevin Smith’s now-questionable tenure as a director, a case-in-point of Bruce Willis buttressing the self-fulfilling prophecy of his declining career, and an example of why Tracy Morgan should stay off the silver screen and on cable for everyone’s sake...
...certain extent, mounting sovereign debt is a natural outcome of the recent recession. As in any downturn, tax revenues shrank but government spending increased to stimulate sagging economies. The result: budget deficits and more borrowing. Expensive banking-sector bailouts made the burden even heavier. That's not automatically dangerous. There is no particular level of debt that acts as a trip wire and tosses an economy into crisis. Different economies can bear different levels of government debt, depending on their ability - real or perceived - to finance it. While Greece's small and uncompetitive economy is struggling to stay afloat, Japan...