Germany. North Dakota Asks, What Recession? Econocide - Schott’s Vocab Blog - NYTimes.com. Dax tief im Minus: Autoflaute stürzt BASF in die Krise - SPIEGEL. Frankfurt am Main/Hamburg/Ludwigshafen - Die Misere der Automobilbranche erreicht BASF.
Der Chemiekonzern drosselt unter anderem wegen des "massiven Nachfragerückgangs" bei den Herstellern seine Produktion um 20 bis 25 Prozent - und streicht zum zweiten Mal binnen kurzer Zeit seine Gewinnprognose zusammen. Ursache der Probleme ist vor allem die Autokrise: "Besonders Kunden aus der Automobilindustrie haben bereits erteilte Aufträge kurzfristig storniert", sagte Vorstandschef Jürgen Hambrecht.
BASF-Werk in Ludwigshafen: "Aufträge kurzfristig storniert" Der Ludwigshafener Chemiegigant ist direkt von den Absatzproblemen der Pkw-Industrie betroffen. In den vergangenen Wochen hatten unter anderem BMW und Daimler ihre Prognosen nach unten korrigiert und ihrerseits zeitweise Werksstilllegungen angekündigt. Droht gar die Pleite; die deutsche Tochter Opel hat bei der Bundesregierung um Staatshilfen gebeten. "Die Chemie ist Zulieferer für zahlreiche Industrien wie Automobil, Bau und Textilien. What is Your Real Name? I believe there is a problem with the lexicon describing our current sad state of economic affairs.
Terms like "Bailout", and "Rescue" are simply inadequate, making it sound as if the collective "we" have somehow been gypped – now forced to shell out for something collectively we’ve never obtained. Even respectable media organizations are guilty of fanning the proverbial flames of linguistic indignation and its implied recriminations through mindless repetitive use.
All which reminds me of a July afternoon in early 1980s when I was commiserating with one of my best mates at the LSE who had just obtained his examination results from the papers he sat for the first-year of his law degree. Head in his hands (when he wasn't shaking it to and fro'), he was utterly dejected, for he had failed each and every one, possibly obtaining the lowest aggregate score ever in the long history of the Law department.
Mich. eatery staff works free to help boss - Preserving Cabrini-Green's images In the sharp sun of an April afternoon, Nate Lanthrum walks through the remains of Cabrini-Green giving away what he has taken.
He looks out of place, a white guy carrying a $1,500 Nikon D700 camera, but the residents are used to him by now and greet... Blackhawks thrilled to have Brent Seabrook back Starting with Game 6 Sunday, Brent Seabrook's timeout will be over and the defenseman will be back on the ice — so long as he promises to play nice. The Blackhawks have done pretty well in Seabrook's absence, winning all three games the NHL... NFL draft preview: Defensive ends As the NFL draft nears — it takes place May 8-10 — we're taking an 11-day, position-by-position look at what's out there and what the Bears need. In May 1974, Tribune delivered 2 Watergate bombshells Obama denounces racist comments reportedly made by NBA owner Cubs can't take advantage of Brewers' injuries Northwestern women win at Wrigley. James Stewart and Frank Capra’s ‘It’s a Wonderful Life’? It’s a. How long will the recession last? - Dec. 3, 2008.
NEW YORK (Fortune) -- Well, now it's official: we're in a recession. And we know when it began: December 2007, according to the official arbiter of business cycles, the National Bureau of Economic Research (NBER), which made the announcement Monday. So now the question is: when will it end, and how deep will it get? There are good reasons to be worried about both of these measurements, as the headwinds facing the economy are powerful indeed. But it's best to resist the temptation to give in to predictions of unconditional gloom and take a cool-headed look at how this recession compares so far to the many other downturns we've survived.
On the likely depth of the recession, it has been often said that this may be the most severe recession "in decades. " The most intuitive, and legitimate, reference is the 1981-82 recession, which lasted a longer-than-average 16 months and led to a peak of 10.8% in the unemployment rate - by all standards, a pretty serious affair.
The Intelligent Investor.