Word: slowdowns
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...asked "to put pressure on [Peugeot maker] PSA and Renault." With both companies having received most of the $8 billion in state aid the government distributed to French automotive groups to weather the recession, Eyermann argues they should now help out industry workers who are losing jobs to the slowdown...
...totals: Collectively, Americans spent nearly 500,000 years stuck in traffic in 2007 - nearly 4.2 billion hours. That's a slight decrease from the year before. The difference amounts to about an hour per person, accounted for by high gas prices and the start of the economic slowdown. That's well over double the per-person average of 14 hours in 1982, when the annual survey began. Those in urban areas with more than a million residents have it even worse; they spent an average of 46 hours in traffic...
...crop year could aggravate India's overall economic slowdown. "If production suffers, the [low] income effect will bring down rural demand, which has been buoyant so far," says Anjan Roy, Adviser for Economic Affairs at the New Delhi-based Federation of Indian Chambers of Commerce and Industry. "This, in turn, will affect industrial production." Inflation in India is deeply influenced by food and food-related items' prices. Wholesale, retail as well as futures prices of food items are rising every day. "If there's runaway inflation, it will altogether throw economic policy haywire," Roy says. "If the Reserve Bank...
...weaving is a small-scale business, so there are no comprehensive statistics to track it, but weavers say they've noticed a marked decline in the past decade. V.P. Sharma, 48, has been employed as a weaver in the handloom sari industry in Bihar since 1988. He blames the slowdown on women's changing tastes. It is particularly bad for handloom saris - the simple cotton saris that many Indian women used to wear every day. Their plain designs and muted colors have no appeal for women like Rashmi Raniwal, a 22-year-old sales assistant. "Sari?" she says, giggling...
...Sure, discount stores tend to withstand downturns. But since the slowdown began, two of Primark's competitors - MK One and Select - have been restructured under creditor-appointed managers. What makes Primark different - and keeps customers interested - is a keen eye for fashion trends worthy of a more expensive retailer. Devotees call the store Primani or Pradamark in honor of its acute fashion sense. And hot styles are delivered with commendable speed. New products can take as little as six weeks to hit the hangers. Primark has bridged "the gap between sheer value and fast fashion," says Robert Clark of London...