Word: auguste
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...demand in the U.S. has dropped 10% in the few weeks, continuing a year long trend. According to the U.S. Department of Transportation, Americans drove 15 billion fewer miles in August, or 5.6% less than they did the year before. DOT says it's the largest ever year-to-year decline recorded in a single month. Over the past 10 months, Americans have driven 78 billion fewer miles than they did in the same 10 months the previous year - sure proof of what economists call "demand destruction...
Credit unions aren't shy about having money to lend. Speed's outfit, the 126,000-member Texas Dow Employees Credit Union (TDECU), has been running TV spots since August and is doubling its ad budget for the fourth quarter. (At times, TDECU has been accused of being too aggressive: community banks, which have also been faring relatively well, and the FDIC loudly objected when one ad painted the entire banking industry as "under a dark cloud.") To meet loan demand, TDECU is borrowing from corporate credit unions and the Federal Home Loan Bank of Dallas, but even then...
...truth to the American people regarding the sacrifices they will need to make during this economic free fall [Oct. 20]. But it is clear that such truth-telling is not what the American people want to hear, nor does such directness help the candidate during an election campaign. In August, in the midst of the oil-price surge, Obama tried to suggest to Americans that maintaining inflated tires could conserve fuel. The suggestion, backed by experts, was mocked by the McCain campaign. Clearly Obama learned the lesson of Walter Mondale's attempt to tell the truth in 1984 about...
...hope can help attract much needed foreign investment. Once persona non grata in the West, Assad is more secure than ever at home and abroad. The violence that followed U.S. regime change in Iraq has raised his profile in a region where stability is often valued over freedom. In August, French President Nicolas Sarkozy became the first Western leader to visit Damascus in five years, a reward to Assad for launching a peace initiative with Israel...
...Catholic Church, which has seen dwindling numbers of members visiting confessionals over the past few decades, leaders have specifically rejected online confession, stressing that the rite, one of seven Catholic sacraments, demands a priest as an avenue to God and to absolution. Still, the sites flourish. In August, after Jack had worked things out with his wife, she was worried about her ill grandfather and took a trip out of state, something she had done numerous times in the past. "Before it was like, yeah, I missed her, but it was also nice to have a guys' week," Jack says...