Word: downturns
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...Which makes our most recent downturn worse? Yes, absolutely. We're out of proportion with our amount of personal debt. A good number of people are in debt to the point where they may not ever be able to pay their...
...turn away due to our limited stock of attorneys—fit less conveniently into a narrative. A few types of cases make up the bulk of Legal Aid’s work even as, according to the attorneys in the office, the mix has changed with the downturn. Lost jobs tends to mean more domestic violence-related divorces and more claims from workers who are wrongfully denied unemployment benefits, as well as a greater need for papers requesting a court modify child support payments that a laid-off worker can no longer afford...
...largest, has turned out to be a blessing in disguise during this crisis. Toyota has been hit hard by falling sales in the U.S. and is closing a manufacturing plant in California, the first closure ever for the world's largest car maker. VW, meantime, is using the downturn to refocus its American efforts. It knows the U.S. market is key to any manufacturer with global ambitions and plans to boost sales there with what VW officials call their "Toyota killer" - a new mid-sized car specifically designed for the U.S. and meant to compete head-to-head with...
...abundance of cheap homes in Florida, particularly in Miami-Dade, which leads the state in foreclosures. While Florida's legitimate economy continues to flail, the HIDTA captain says indoor marijuana is thriving even though law enforcement is arresting more people every year. Says Mendez: "If the economic downturn remains as it is, I don't see any light at the end of the tunnel...
...case of Tonghua Iron and Steel, it seems the steel industry's turnaround helped spark the riot. Jianlong had invested in the company in 2005 but then pulled out as Tonghua lost money amid the global downturn this spring. But as China's steel demand surged, Tonghua turned a profit of $6 million last month, renewing Jianlong's interest. After the killing of Jianlong's representative on Friday, the local government announced the deal was canceled, China Daily reported...