Word: auto
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Dates: during 2000-2009
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...class. The problem: as more people look to deejaying for extra cash, the oversupply will drive down the number of work opportunities for aspiring MCs, and the fees they can command. "Business is a little slow right now,' says Colvin, who also suffered a neck injury from an auto accident last month, making the job tougher. He has yet to make back his deejay investment. "I'm like a fireman waiting for a call," he says...
Americans relied less on borrowed money in April than they did in March-a sign that the pullback on debt-fueled spending continued into the spring. New data from the Federal Reserve shows that 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%. That marks the second-largest dollar drop on record, following March's $16.6 billion decline...
...instance, which city do you think has a greater percentage of people who are more likely to be shopping right now: Detroit or Birmingham, Ala.? Detroit, home of the bankrupt auto industry, or Birmingham, the decently moneyed Sunbelt metropolis? The answer: Detroit...
Also, despite the messes in the mortgage market and elsewhere, many remain optimistic that the financial industry in the U.S., unlike, say, auto-manufacturing, will rebound. As troubled large banks have shed employees, a number of smaller firms and international competitors have moved in to snap up workers. And Keith Leggett, chief economist of the American Bankers Association, says new banks are continuing to be formed, even as other fail...
...sold on the mainland. As in the U.S., in China large SUVs have a certain cache, but with high taxes on imports, there is little demand. "To drive a Hummer, for rich people it fulfills a certain dream," says Yale Zhang, a Shanghai-based analyst with CSM Worldwide, an auto-industry consulting firm. "In China, it's a niche market for sure. It's too big; it consumes too much gasoline. The price is very high, and very few people can afford it." The H3, the most popular Hummer, averages 15 miles...