Word: cashes
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Dates: during 2000-2009
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...times echoes certain practices that may have helped get us into the housing mess. For example, some state housing agencies are allowed to provide second mortgages to buyers who don't have enough money for a down payment so that they might "monetize" the tax credit and get the cash up front. Down-payment assistance is considered by many to have contributed to the crisis because it helped people buy homes they couldn't really afford. Anyone who doesn't understand that it's a bad idea to push people into buying houses when they're not ready to hasn...
...most realms, in fact, the return to normality is under way. Banks are paying back TARP funds. Cash for Clunkers has faded into the sunset. The chairman of the Federal Reserve Board has declared the recession over, and home prices are inching upward...
...then shut down a Hummer production line in South Africa. Hummer sales have dropped 64% so far this year, more than any other brand in what overall has been a disastrous year for new-vehicle sales. In August, when sales of new vehicles got a boost from the cash-for-clunkers programs, Hummer sales continued to sink, falling 61%. In 2006, Hummer's best year, GM sold more than a 70,000 but this year it might sell only 10,000 units. "Hummer is not much of a priority for GM," says Alan Baum, a Detroit-based analyst and consultant...
Since then, Cash has focused her practice on video-game and Internet addiction, treating patients who use their electronic media so obsessively that they stop sleeping and eating properly, ruin relationships with loved ones, suffer repetitive use injuries such as eye strain and carpal tunnel syndrome, and develop depression and anxiety, among other things. Cash's private practice is located in Redmond, Wash., the home of Microsoft - not an entirely surprising hub of compulsive Internet and video-game use, she says. Indeed, the Seattle-Tacoma area is the nation's 13th largest media market, and has the highest level...
...different story in Europe and in East Asia, where game-playing has even been linked to player death. In 2006 an in-patient addiction facility for Internet and video-game abuse was opened in Amsterdam, and there are several similar programs operating in China. Cash visited one such facility - run out of a military hospital - last November. "It was half boot-camp and half-psychotherapy," she says, theorizing that the wider recognition of the problem overseas may stem from the more public nature of gaming there, as people often rely on Internet cafes to play. In the U.S., however, most...