Word: auto
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Dates: during 2000-2009
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...best cars from the 2009 Detroit Auto Show...
...principle shareholders of any new GM - the U.S. Treasury, Canada's federal government and the United Auto Workers (UAW) - are keenly interested in getting GM stock back into circulation. "There is a lot of interest from the future stakeholders ... to start the process of selling down the shares. All agree that it's important to make General Motors a publicly traded company," says Ray Young, GM's chief financial officer. The earliest it would happen, Young projects, is around the first or second quarter of 2010. (See pictures of the remains of Detroit...
...things are driving that figure down. First, people are paying off debt - which goes hand in hand with their not spending money on as many new things. In April, outstanding consumer credit - which includes credit cards, auto loans and tuition-financing but not mortgages - fell by $15.7 billion to $2.52 trillion, an annualized drop of 7.4% and the second largest dollar drop on record, after March's $16.6 billion decline. Numbers from April show that people are now saving 5.7% of their disposable income, the highest rate in 14 years. Second, people are shirking their obligations. According to the Mortgage...
...That convenience includes never having to go to the gas station, fewer trips to the auto repair shop since an EV is mechanically simpler, and the "feel good" factor of not polluting the air. But will consumers decide that's enough to make the switch...
...understand what they're consuming, whether it's ice cream or whiskey. By personalizing it in a way that is atypical of how most reviewers describe whiskey, I think it's more approachable. So when I say Maker's Mark is like the genius who decided to become an auto mechanic for the rest of his life, I think people understand what that means, rather than saying, "It has hints of vanilla with undertones of molasses...