Word: auto
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Dates: during 2000-2009
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...that long ago, Detroit was one of the richest places in the country, the citadel of the auto age, the "arsenal of democracy," the nexus of technology and innovation. Today it struggles for its life: not one national chain operates a grocery store in the entire 138-sq.-mi. city limits of Detroit. The estimated functional illiteracy rate in the city limits hovers near 50%. The unsolved-murder rate is about 70%, and unemployment is around an astonishing...
...city, now 11th and slipping rapidly, has had no such luck. Its disaster has long been a slow unwinding that seemed to remove it from the rest of the country. Even the death rattle that in the past year emanated from its signature industry brought more attention to the auto executives than to the people of the city, who had for so long been victimized by their dreadful decision-making...
...Hardly. What has them worried are all the pro-industry rule tweaks and what they see as slanted calculations. "Automakers lobbied hard to include loopholes in the Administration's proposal," says Dan Becker, director of the Safe Climate Campaign at the Center for Auto Safety...
...with you on trade, and you're accused of being the 'enemy'- a common refrain, by the way, in the increasingly xenophobic quarters of our central government's propaganda department. That's O.K. - for now. We easily could have immediately stopped imports of U.S. chickens or auto parts or anything else by concocting some health risk or claiming a failure to meet Chinese safety standards. Instead, we kicked the can down the road, launching an 'investigation' about possible trade violations - one that will be long forgotten by the Chinese public by the time it's completed months from...
Moody's also cites a number of recent changes at Ford that should give the automaker's comeback extra kick in the future, including restructuring wages, work rules and retiree health-care elements in its agreement with the United Auto Workers (UAW), as well as some reduction in debt, the maintenance of a sizable liquidity position and a more competitive product portfolio. (Ford obtained concessions on wages identical to those the UAW approved at GM and Chrysler, though Ford is now negotiating for additional work-rule changes and a no-strike clause...