Word: slowdowns
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...little progress in reducing it. Now many observers fear that the economic crisis could make the tension even more acute. The central government fears that financial uncertainty could provoke greater social instability, fanning incidents like the Beijing standoff between the chengguan and citizens into bigger outbreaks of violence. The slowdown will also force more migrant workers who can't find steady jobs in factories to make money peddling on the street, provoking further fights with management officers...
...reasons for this trend is that middle management, often a company's eyes and ears for detecting illicit activity, regularly bears the brunt of redundancies during a slowdown. "When that layer's removed, you've eroded your internal processes which are there to control fraud or misconduct," says Hitesh Patel, fraud-investigation partner at KPMG in London. A key factor in fraud cases during Britain's last recession, in the early 1990s, it amounts to a "change to business strategy, without a change to the business process," says Patel...
...Network, "employees are saying, 'Hey, I'm not going to look the other way', because if my company can't make its earnings or can't safeguard its assets, then my job might be lost," says Ramos. With analysts forecasting plenty more fraud as a result of the global slowdown, whistle-blowers may have their work cut out for them...
Former President Cesar Gaviria calls the effort "inappropriate, unconstitutional and illegal" and claims that by focusing on re-election, the Uribe government has been sidetracked from more pressing issues like the recent slowdown of Colombia's economy. But Gaviria and other naysayers are badly outnumbered by average people who view Uribe as one of the greatest leaders in Colombia's recent history...
...states that were the legacy of World War II. But as stimulus plans take hold across the world, policymakers would like to know precisely what such largesse can buy. Because of the slump in world trade, and hence in demand for its exports, Germany itself is facing a tremendous slowdown. The government now predicts that its economy will contract by 6% this year, much more than the economies of the U.S. or Britain, and on a par with the baleful prospect for that other exporting powerhouse, Japan. The government of Chancellor Angela Merkel is pumping $108 billion into the economy...