Word: bustedly
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Perhaps that's why sales of economy cars like the Hyundai Accent or Kia Rio, which people need whether the economy is flush or bust, remain steady. Sales dropped slightly last month at Halleen Kia in North Olmsted, a Cleveland suburb. But so far in October they're back to normal, even as credit tightens, says general manager Eric Halleen. "People who might have qualified for an 84-month loan this summer are getting cut back to 62 months," Halleen says, "but we're still able to get deals done...
...company spokesman. He went on to serve in a small consulting group within PricewaterhouseCoopers dedicated to strategy and operational consulting for motion-picture companies. He left in 1999 to join EHS Partners, a start-up consulting firm. A 2001 story in the Daily Telegraph of London, under the headline "Bust, but big bucks for the big boys," called Rajaram a "winner" in a deal for NanoUniverse, a Los Angeles- and London-based venture fund taken public on the London Stock Exchange, the Los Angeles Times reported. For a 12,500-pound investment, Rajaram, one of the company's founders, received...
...still be heading for a severe downturn. Interbank lending remains stubbornly frozen, despite the Fed's liquidity fire hose. With WaMu and Wachovia wiped out, the stampede out of bank stocks and bonds will surely claim new victims. As the recession bites, Main Street firms will start going bust too. And the impact on the $62 trillion market for credit-default swaps could be explosive...
...rates, combined with an equity bear market, has been putting downward pressure on pricing across real estate asset classes," says Raj Inamdar, chief investment officer at SRM Realty Advisors in New Delhi. China, where construction of commercial and residential projects has been especially rampant, may be facing "an imminent bust of a real estate bubble," Merrill Lynch warned in a September report. A recent survey of households by China's central bank found only 13% were planning to buy property, the lowest figure since the survey started in 1999. In the wealthy industrial city of Shenzhen, reports suggest property prices...
...peak in the 1980s, the oil pipeline from the North Slope carried 2 million bbl. a day. The flow is now about a third of that, and supplies are projected to dwindle further. Alaska has seen these boom-and-bust cycles before. The "seal mines" of the Pribilof Islands, the salmon canneries, the Klondike gold rush--all these short-lived booms appealed to what New Deal--era Secretary of the Interior Harold Ickes once derided as Alaska's "gambling spirit." Palin is now rolling the dice on the national stage with a political persona based in part on her willingness...