ECON - recession

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Full list of words from this list:

words only definitions & notes
  1. wire service
    an agency to collects news reports for newspapers and distributes it electronically
    Photos of Britons lined up outside Northern Rock ran across wire services everywhere.
  2. pink slip
    official notice that you have been fired from your job
    As housing prices dropped and pink slips flew, we realized we were in a time of financial crisis .
  3. recession
    the act of returning control
    Employment data and a lack of consumer spending started to indicate we were in a recession , a tricky term economists like to argue about.
  4. Great Depression
    the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s
    Great Recession is an obvious throwback to Great Depression, which began in 1929 and lasted until the Second World War.
  5. posit
    take as a given; assume as a postulate or axiom
    In a January, 2008, column, the late linguist William Safire posited that the crisis would soon come to be characterized by a phrase starting with “the Great.”
  6. business cycle
    recurring fluctuations in economic activity consisting of recession and recovery and growth and decline
    Or just a run-of-the-mill recession, a mere “bump in the road,” the inexorable exhaling during the business cycle?”
  7. abuzz
    noisy like the sound of a bee
    French speakers were abuzz about “ pénurie de crédit .”
  8. run-of-the-mill
    not special in any way
    Or just a run-of-the-mill recession, a mere “bump in the road,” the inexorable exhaling during the business cycle?”
  9. proliferate
    grow rapidly
    “Once adopted, there is a danger it would proliferate in an irritating way,” he said in an e-mail.
  10. moniker
    a familiar name for a person
    Although the AP has taken a stand and assigned a special moniker to the era, it is quite evident that other editors are more cautious about using potentially inflammatory language to describe the crisis.
  11. crop up
    appear suddenly or unexpectedly
    Nor will it crop up in style manuals at the Financial Times , executive editor Hugh Carnegy said.
  12. throwback
    a reappearance of an earlier characteristic
    Great Recession is an obvious throwback to Great Depression, which began in 1929 and lasted until the Second World War.
  13. credit crunch
    a state in which there is a short supply of cash to lend to businesses and consumers and interest rates are high
    An extended credit crunch or credit crisis?
  14. catch on
    understand, usually after some initial difficulty
    Will the Great Recession catch on, and subsequent recessions be referred to as downturns?”
  15. devaluation
    the reduction of something's worth
    His column contemplated possible follow-on nouns like “Fall,” “Reckoning,” “Devaluation,” “Unwind” or, indeed, “Recession”.
  16. mortgaged
    burdened with legal or financial obligations
    Words like “subprime” and “adjustable rate mortgaged” danced across front pages.
  17. line up
    form a line
    Photos of Britons lined up outside Northern Rock ran across wire services everywhere.
  18. turning point
    an event marking a unique or important historical change of course or one on which important developments depend
    “Let the historians, not the sub-editors, categorise major historical turning points,” Lisbeth Kirk, editor-in-chief of the EUObserver , said via e-mail.
  19. ubiquitous
    being present everywhere at once
    In February, the Associated Press, a ubiquitous wire service that produces a style guide considered in the United States to be “the journalist’s bible,” went so far as to give the crisis its own title : the Great Recession .
  20. portentous
    of momentous or ominous significance
    Carnegy said he finds the term “rather portentous” and added that he prefers to let historians name the era.
  21. kirk
    a Scottish church
    “Let the historians, not the sub-editors, categorise major historical turning points,” Lisbeth Kirk, editor-in-chief of the EUObserver , said via e-mail.
  22. inexorable
    impossible to prevent, resist, or stop
    Or just a run-of-the-mill recession, a mere “bump in the road,” the inexorable exhaling during the business cycle?”
  23. quote
    repeat a passage from
    Tom Standage, the business affairs editor at The Economist, said journalists there do not use the “Great Recession” unless quoting sources who use the term.
  24. reckoning
    problem solving that involves numbers or quantities
    His column contemplated possible follow-on nouns like “Fall,” “Reckoning,” “Devaluation,” “Unwind” or, indeed, “Recession”.
  25. sticking
    extending out above or beyond a surface or boundary
    “At Bloomberg News, we’re sticking to ‘a recession’ at this point.”
  26. mortgage
    a conveyance of property as security for repaying a loan
    Words like “subprime” and “adjustable rate mortgaged” danced across front pages.
Created on Tue Sep 11 10:57:18 EDT 2012 (updated Wed Sep 12 07:40:25 EDT 2012)

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