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Blue-chip stocks also struggled in the broader decline, kept under pressure by high-technology heavyweights Microsoft and Intel.
But for the past few decades this source of sweetness and slavery has been in decline, kept alive by trade preferences.
"What I think the city did not have enough of was those anchor institutions, the things that when the market starts to decline keep the level of activity at a certain minimum threshold," he said.
Call of Duty remains the tent pole title on the annual video game release calendar, but the returns are diminishing and Activision's approach seems to have been one of managed decline – keep that huge core user base happy for as long as possible with slight tweaks to the formula.
The year-over-year declines keep getting worse, as you can see in the chart above.
If the decline rate keeps accelerating the way these first quarter results suggest, we could be looking at somewhere in between $26 billion and $30 billion in total ad sales revenue for this year.
But the idea itself - that the Humanities are in a perpetual and irreversible decline - keeps shambling on, no matter how many times it's shot down (much like the zombies I analyzed in a previous blog).
At a time when the School of Paris was generally thought to be in decline, Balthus kept his position as a major European artist.
It has not been hit by skyrocketing oil prices because oil is priced in dollars and the dollar's decline has kept oil prices down when translated into euros.
Even if the rate of functional decline will keep on dropping by some percentage points into the future, the impact of demographic change (i.e. the numerical increase in the size of the aged population over the next 30 years) will lead to even larger numbers of people in need of complex care.
He declined to keep the ball, but he promised to keep the next one because "the second one is always better than the first".
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com