Word: dealer
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Dates: during 2000-2009
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...early years of the automobile, car dealers took animals in trade. As time passed the largest dealerships built elaborate showrooms and spent their own money for events around new model debuts. Running a large dealership is expensive. Buying cars from the manufacturers has not been a winning proposition for many dealers over the last two years. Most have to borrow money to purchase inventory. As sales have dropped due to the recession, many vehicles stay on the lots for months. Being a car dealer went from being extremely profitable in many cases to being a no-win business. (See pictures...
...said it will support what it is likely to be a lengthy legal fight in the federal court system to affirm or strike down the law. Plans call for the association to find a pristine individual who will manufacture and sell 20 rifles without applying for a mandatory federal dealer's license. The right to do so would be asserted in a letter to the Bureau of Alcohol, Tobacco and Firearms. Once a BATF response likely rejecting that claim is received, the association would seek standing in a Federal District Court to litigate its claim, experts say. (See pictures...
...which the Vatican only recognized in 1993. Arab Christians say that have no objection to the Vatican reaching out to Jews, but at the same time, they don't want the Pontiff's visit to gloss over their own troubles with the Israelis. Says George Said, a Bethlehem property dealer: "If the Pope continues to keep quiet about the suffering of Christians from Israelis, a day will come when the churches of Bethlehem and Jerusalem are turned into empty museums without a single Christian...
...never left Paris. The thief turned out to be Vincenzo Peruggia - the Hooblers spell it Perugia - an Italian house painter and carpenter living in France, though he was arrested for the crime - in December 1913 - in Florence. He had gone there with the painting after contacting a Florentine art dealer, Alfredo Geri, who he hoped would help him dispose of his hostage in a way that would bring him some cash. Geri played along, and even brought in the director of the Uffizi Gallery to authenticate the picture on the spot. When they were satisfied that Peruggia had brought them...
...taking important new steps to reduce costs as it also struggles to avoid bankruptcy and meet a June 1 deadline from the government for restructuring its operations. In its Monday announcement, GM said that by 2010 it intends to close 13 car plants, eliminate 21,000 jobs, reduce its dealer network by 42%, and eliminate the Pontiac brand. It also announced that it has reached an agreement with the U.S. Treasury to convert 50% of the outstanding government loans to the company - or about $5 billon - into GM stock. As a result of this swap, the U.S government would become...