Word: drops
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Dates: during 2000-2009
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...with 17.5%. GM's business in Europe, Opel, will be sold. As many as 14 U.S. factories are marked to close. The iconic Pontiac brand is probably finished. Under a new labor agreement with the UAW, GM's hourly domestic workforce, which numbered 600,000 at its peak, will drop to 40,000. In other words, 14 of every 15 GM jobs have vanished in roughly a generation. And the ripples: dealers losing franchises, thousands of suppliers doomed...
...normal" in housing is that home prices which have dropped 20% or more may drop further. Even under the best of circumstances, prices will not recover...
...secret that luxury has taken a beating in the Great Recession. High-end restaurants are hurting as people trade the $30 Steak for the $3 Big Mac. Saks Inc. lost $5.1 million in the first quarter of '09, a 129% drop from the previous year. Necessity is the new luxury...
...That, however, was a mere drop in Bip's trademark flower-sprouting hat. The 400 objects auctioned on Tuesday generated $342,000. Wednesday's docket of 500 items is expected to generate even more, as the majority of Marceau's costumes and stage props...
...forecast." On Friday, government figures for the first quarter showed the economy shrank at an annual rate of 9.5%, a radical revision after officials forecast in February that Russia's GDP would decline by only 2.2% this year. The International Monetary Fund has predicted that Russia's GDP could drop as much as 6% this year. "In 2009, unfortunately, we expect a sharper fall in the GDP than we had thought," Medvedev said. (Watch an interview with TIME's 2007 Person of the Year, Vladimir Putin...