Word: cuttingly
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Dates: during 2000-2009
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...pork, frightened traders into selling hog futures, and frightened entire countries, such as Russia and China, into slamming their doors to pork imports from Mexico and the U.S. Also, with prices falling, there is a bit of a self-fulfilling prophecy: as prices fall, food processors that buy hogs cut back on their orders because they believe they can buy hogs at even cheaper prices later on. The result: prices keep falling...
...much more troublesome than Chrysler's. The most financially pressing of these are the country's auto parts suppliers. They are facing extended plant closings at all three of the car companies and the bankruptcy filing of Chrysler. Pushing GM into court and risking an extended fight could cut the flow of orders to suppliers by enough that it would ruin a large number of the businesses. These businesses supply the assembly lines of foreign and domestic car manufacturing facilities around the country. The suspension of building vehicles will actually help The Big Three reduce inventory, but that...
Bargain Time The battle for the shrinking pool of tourists, naturally, is good news for anyone still vacationing. To shore up the Southeast Asian market, Cambodia, Malaysia, Thailand and Vietnam have cut visa fees and worked with airlines, hotels and tourist sites to slash prices. Caribbean operators say deep price cuts have been essential to keep the region in people's minds during the turmoil. Some Caribbean resorts have cut prices in half, while Elite Island Resorts - the second-largest independent hospitality group in the region - will even accept guests' depressed stocks as payment; the firm values stocks at their...
With so many people cutting back on vacations, airlines are also suffering. The International Air Transport Association estimates passenger traffic will contract by 5.7% this year, leaving airlines with losses of $4.7 billion. Carriers such as Cathay Pacific and Qantas have been cutting services, which in turn hurts hotels and restaurants in places such as Sydney, Mumbai and London, to which Cathay Pacific will cut 17 round-trip flights in May alone...
...your options? Right now, if you're holding tickets for any destination other than Mexico, you'll pay the usual penalties for changing or canceling your flight. For those who would be Mexico-bound, however, most airlines are waiving change fees - but not always refunding money. Continental, which has cut capacity to Mexico by 50%, is allowing passengers to postpone trips to Mexico without penalty for all flights departing the U.S. through May 15. Delta will let you trade in your tickets to Mexico for another destination altogether without a change fee for flights leaving through May 16. American Airlines...