Word: demanding
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Dates: during 2000-2009
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Recessions tend to shake up the corporate status quo. Under the stress of collapsing demand and tighter credit, companies that seemed solid are exposed as dangerously flawed, while others panic, slash costs, hunker down - and pass up chances to gain on their competition in ways that would be impossible in a normal economic climate...
...figures the program boosted sales by 10% from what they would have been otherwise. That was more than enough for Hyundai to outdistance rivals. True, Hyundai's U.S. sales fell 3.6% overall in the first four months of 2009 from the same period a year earlier. But total auto demand plunged more than 37%, so Hyundai's U.S. market share actually jumped to 4.3% compared with 2.8% the year before. "We're hopeful that [Hyundai's gains] are sustainable," Krafcik says. And the program hasn't backfired: fewer than 10 cars have been returned by customers who lost their jobs...
...company and will argue they do not have to disclose financial information," says Brad Coulter, a consultant with O'Keefe & Associates in Bloomfield Hills, Mich. "But the new GM's major shareholder is the U.S. government, or essentially you and I; and I think the taxpayers and Congress should demand public filings of financial information just as they did when GM was a public company...
...cement and brick factories started closing down. Thousands of workers were laid off, and almost overnight nearly 25% of Pikalyovo's 20,000 residents were unemployed. After making several pleas to their employers for back pay - at one point crashing a meeting at the mayor's office to demand their jobs back - the workers turned to desperate measures. On June 2, they staged a strike along a major highway linking the city of Vologda to St. Petersburg, blocking the route for hours. Finally Moscow took notice, and Prime Minister Vladimir Putin flew in by helicopter to force local politicians...
...study of mortgage rates and New York City housing prices going back to 1975 by Lucas Finco of Quadlet Consulting found no correlation between lower mortgage rates and higher housing prices, or vice versa. In fact, some think a modest rise in interest rates could be good for housing demand. "For the fence sitters, rising interest rates could be the motivation they need to buy," says Steven Wieting, Citigroup's US economist...