Word: dropping
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...retiree-health-care costs run $7 billion annually and have cost GM more than $103 billion over the past 15 years, according to GM chairman and CEO Richard Wagoner. Ford's health-care expenses for both active and retired employees now run $2.2 billion, a figure that will drop significantly thanks to the solution provided by the trusts. Once the retiree-health-care liabilities are removed from company balance sheets, the gap in labor costs between Detroit and its nonunion competitors in the South should drop to $250 per vehicle or even less, according to one estimate by the Center...
...same holds true for the bubbling property market, where Chinese authorities conveyed to potential home buyers that they would be wise to hold off. "The government basically said, 'You'd be an idiot to buy an apartment right now because we're going to make sure that prices drop like a stone,'" says the investment-bank analyst. "Chinese people stopped buying. Now the government is telling them, 'It would be a great time to buy, and the banks will be happy to lend to you.' Of course people will start buying again...
...small part of what makes SmartWater work to reduce crime. "It's a policing strategy and a brand-development strategy," he says, brandishing a hefty blue file that lays out the step-by-step program police and allied agencies must adopt in order to achieve the 40% to 50% drop in burglary rates SmartWater says it can attain...
...SmartWater's first foray outside Britain, police in Tallahassee, Florida conducted an 11-month field trial that resulted in a 33% drop in thefts. Project coordinator Greg Frost of the Tallahassee police was guardedly impressed, but wonders if other social factors were at work. "We were more actively engaged with the local crime-watch associations, for example," he says. "Maybe the neighbors were more effective at looking out for each other...
...even erstwhile supporters who fear that the ongoing crisis is derailing what once was one of the region's most promising economies. With foreign investors and tourists (who bring in some $16 billion a year) spooked by the political instability and Thailand's manufacturing base bracing itself for a drop in global export demand, national growth forecasts for 2009 hover at a bleak...