Word: chapter
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Dates: during 2000-2009
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...executive board members recently signed a letter criticizing the VEBA plan as "knowingly placing members at risk." The other option, though, is losing retiree health benefits entirely. "If you don't go along with a VEBA, the automakers may reach a point where the only alternative is to file Chapter 11," says Eric Merkle of IRN Automotive Intelligence. "The UAW has to take on more of the risk...
...unclear how and when this final chapter will play out, but, true to Shakespeare, the main characters are flawed, and the drama replete with intrigues and power grabs. Sharif is now hailed by many Pakistanis as a warrior for democracy, but during two previous terms as Prime Minister in the 1990s, his administrations were widely regarded as inept, corrupt and autocratic. Then there's Benazir Bhutto, another ex-PM agitating to return from exile. Given her glamorous political pedigree (her father, Zulfikar Ali Bhutto, was also a former leader, who was executed by the army), her supporters worship...
...housing counselor can help with the process. HUD provides names at hud.gov or 800-569-4287. One option is to declare Chapter 13 bankruptcy, which forces a lender to accept a negotiated repayment plan. Chicago bankruptcy attorney David Siegel says that saves a house about 30% of the time...
After publishing a best-selling critique of the stock bubble, Irrational Exuberance, just as the market peaked in March 2000, Shiller set to work adding a chapter on real estate for the second edition. As part of that effort, he cobbled together an inflation-adjusted index of home prices going back to 1890, which showed that a) the price runup from 1997 to 2006 was by far the biggest on record and b) home prices can fall for decades. Put those two together, Shiller argues, and it's at least possible that we're due for an epic decline...
Like a Shakespearean tragedy, the final chapter of General Pervez Musharraf's reign began with an echo of the original sin of its first pages: the October 1999 coup by which he overthrew Nawaz Sharif, the democratically elected Prime Minister. Sharif's highly publicized return from exile on Sept. 10 lasted just four hours; Musharraf had him deported again. But if the general's first expulsion of Sharif--then an unloved head of an inept and corrupt government--brought Musharraf to power amid widespread acclaim, the second may well hasten the President's downfall...