Word: chain
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...hypocrites really are. "When the textile industry went down in the South and we were accused of being behind the times, we didn't ask for a bailout - we just had to reinvent ourselves," says John Jeter, a South Carolina author whose family owns a small chain of auto parts stores and whose new novel, The Plunder Room, examines the modern southern character. "So southerners feel it takes some audacity for northern businessmen who make millions to come holding out beggar's bowls for billions...
...firms to keep them afloat. These companies came to be known as zombie firms - they appeared to be living but were actually dead, too burdened by debt to do much more than live off further handouts. One economist called Japan a "loser's paradise." The classic zombie was retail chain Daiei, which limped along for years, crushed by debt and multibillion-dollar losses, as banks kept bailing out the firm. Daiei, with nearly 100,000 employees at the time, was considered by politicians too big to fail. It was only after Japan began solving its zombie problem, rather than perpetuating...
...have been standouts too. Some are thrift-conscious companies that make for classic recession plays: Dollar Tree (up 61%, to $41.61), 99 Cents Only Stores (up 39%, to $11.05), Family Dollar (up 27%, to $24.51) and Wal-Mart (up 15%, to $54.63). Others, though, are less predictable, including shoe chain Finish Line (up 134%, to $5.66), teen clothier Hot Topic (up 33%, to $7.73), and sandwich shop Panera Bread...
...holes in the front yard were obvious rat burrows, and there were lots of them. Mills pointed out freshly dug dirt from one of them - evidence that the hole had probably been active the night before. Further confirmation: tiny droppings in the corner where the chain-link fence meets the front wall of the house. "I've been trying to get into that house for the past three to four months," Mills says of the boarded-up building...
...Tribune Company’s decision to file for bankruptcy was only the latest in a series of setbacks for the American newspaper industry. Even before Tribune—which owns the Los Angeles Times, the Baltimore Sun, and its namesake Chicago Tribune—announced its filing, the chain was wracked by layoff and forced buyouts. The Times alone lost 150 staffers—17 percent of its employees. Smaller chains, like McClatchy, are close to defaulting on their debt, and even giants like The Washington Post and The New York Times are making cutbacks.While the decline of print...