"I don't believe in self-fulfilling prophecies, but if everyone has formulated their thinking toward a downturn -- toward recession -- by and large we'll get there".
Europe's attitude appears driven by a combination of economic downturn; hostility toward the European Union, which allows unlimited migration among member states; and demographic anxiety rooted in longer-term trends that have made populations more diverse.
That provides a buffer toward downturn volatility.
He was also elbow deep in the sort of sketchy real estate deals that spurred the market toward downturn.
Advertisers — at least those that can still afford to spend — have also found some benefits in the confluence of a cyclical economic downturn with a structural shift toward free advertising on the Internet.
"Being a market leader really pays off in a downturn because advertisers tend to flock toward the biggest and strongest media platforms.
Perhaps some of that animosity toward Koreans stems from the current downturn in Argentina's economy and record level of unemployment.
"The forces wedded to the old patterns still have enough influence that they were able to use the fear of the economic downturn as a way of slowing the progress toward this big transition that we have to make".
Mr. Logan has been fond of suggesting that good management proves itself during a downturn, with pressures on marketers naturally pushing them toward titles that are number one in their category.
"Right now, in the middle of the worst economic downturn since the Depression, tax money should go toward services, not hotels," he said.
Taiwan wants to privatize the airline, but its plans have been delayed because of the global downturn and investor antipathy toward airline stocks.
