Word: slump
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...percent rise in the deficit since the second quarter seems alarming, TIME's Bernard Baumohl says the worst may be over. "The U.S. is still importing a lot of goods from overseas because the economy is still strong," Baumohl reports. "Japan and Europe are in an economic slump and are not purchasing a lot of exports." Baumohl says the trend is close to shifting. "The trade deficit is expected to turn around next year when Japan's and Europe's economies begin to rebound," Baumohl says. "Hopefully we're at the worst point in the cycle right now." American trade...
...over my slump...
...celebration of Iowa's 150th year as a state has been made sweeter by an economic recovery that has given it one of the lowest unemployment rates in the nation. After its 1980s slump, Iowa lost one of its congressional seats--the five it now claims are the state's smallest delegation since the 1850s. A politically conservative state, it is perhaps no coincidence that John Wayne was born in Iowa and Ronald Reagan once broadcast from there. And its overwhelmingly Republican delegation in Congress could become more so if Jim Lightfoot can unseat native Hawkeye and lone Democratic Congressman...
...company into complex partnerships that raised billions but tied up Time Warner's best assets, including Warner Bros. studios and HBO. And instead of paying down the mortgage, Levin went out and bought a couple more cable-television companies, just as share prices in the industry were beginning to slump...
...sometimes a bit tragic--about the plight of successful first-time recording artists faced with cutting their second album. Splashy debuts behind them, they stand poised between maturation and one-hit wonderdom. So many don't pass the test there's even a phrase for the failure: sophomore slump...