Word: worst
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Dates: during 2000-2009
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Heading abroad from the U.S. this summer? Consider packing a few extra dollars. Since early March, the greenback has fallen 11% against the euro and 17% against Britain's pound as investors who had sought out the dollar as a safe haven during the worst of the crisis now head for riskier assets. Throw in concerns over the U.S.'s spiraling deficit and calls from China for an alternative reserve currency, and "the likelihood is the dollar's going to remain under pressure," says Simon Derrick, head of currency research at Bank of New York Mellon in London...
...worst cars of all time...
...while it may be true that Japan has seen the depths of its worst postwar recession, economists say things are still far from good - and a "double-dip" recession is an increasingly likely outcome. "It will take several years, not one or two years, before Japan's output gap, or economic slack, disappears," says JPMorgan chief economist Masaaki Kanno. "Deflation and high unemployment will last for a long time. The question is whether the economy will continue to grow for several years without having the double dip." (See pictures of Japan in the 1980s and today...
...increased in the past few months, and consumers may be feeling more confident that they can now spend a little more. That could provide some relief to Japan's battered export sector; Japanese exports in April were down 39% on a year-over-year basis, the worst drop registered among major economies. Shirakawa says he expects demand will be "so-so" through the end of the year. But he added that "a sustained recovery of consumer demand doesn't seem that likely...
...another flashback to '80s politics, supporters of the ouster have denounced Zelaya as a communist who planned to turn the nation of sweatshops and banana plantations into a Soviet-style fortress. One of his worst crimes, allege the self-proclaimed patriots, was raising the minimum wage to $290 a month. "With this action, he declared war on business," says entrepreneur Jesus Sabat, 23, as he waves the nation's blue-and-white flag during the demonstration...