Word: downwardly
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Given the timing of this campaign and the stock market's recent downward spiral, students are hesitant to expect huge returns from their requests for funding. But Couch, the seasoned professional, is not overly worried...
...scaling down their tastes, most Americans are making a virtue out of necessity. Contrary to perceptions, the past decade was an era of downward mobility for the majority of U.S. families, who kept up their spending by borrowing and relying on two incomes. Only the wealthiest 20% of Americans significantly increased their real income during the Reagan era, and the poor slipped further behind. After adjustment for inflation, the national standard of living has actually fallen since 1973; the real average hourly pay for U.S. workers has gone from $8.55 then to $7.54 today. Says Barry Bosworth, an economist...
...Investors now attach so little value to China's Internet gurus that they have driven down the share price of all three homegrown portals, as well as that of Hong Kong's Chinadotcom, to below the cash value of their assets. Unable to stand the downward spiral any longer, Helen He, chief financial officer at Netease for 18 months, recently quit. "It tarnishes your spirit," says the former investment banker. Joseph Chen, one of Sohu's top guns, has left China altogether to find a new future in Plano, Texas. "Plano is one of the most exciting places...
...just three seats in Queensland compared with 11 in the previous election. Using Australia's preferential voting system to best effect, One Nation played a key part in humiliating the Liberal-National coalition in the Queensland and Western Australia elections. True, John Howard's coalition has been on a downward spiral federally, but divisions in the opposition ranks made Labor's win more emphatic. Hanson helped deliver victory to the Labor Party in Queensland by a stunning margin. One Nation won a few seats in depressed, conservative rural areas that had lost faith in the National Party but were...
...economic reports with which Greenspan stuffs his briefcase on FOMC Tuesdays continue to indicate an economy whose bottom-scraping is behind it. Unemployment is still near record lows, and still inching downward; home sales and mortgage refinancing (Americans' other source of net worth) are brisk. Consumer confidence and retail sales - the shopping factor that will sustain this economy or starve it - seem to have come to the brink and pulled up short...