Word: fallenness
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...Monday at the request of the Obama administration, which has sought to force more rapid changes within the three beleaguered American automobile manufacturers that have received assistance from the administration’s multi-billion dollar bailout fund. GM lost $30.9 billion last year, and its share price has fallen to as low as $1.27 from a high of $35 three years ago. The company has been criticized for failing to anticipate plummeting demand for gas-guzzling SUVs and neglecting to explore energy-efficient technology, causing it to cede U.S. market share to foreign competitors such as Toyota. In particular...
...more stable situation now," argues Alexander Shumsky, the head of Artefact, the public-relations firm running Russian Fashion Week. "The biggest part of their business is to work with private clients. I've talked to some designers, and they say the situation is not critical - that clients have fallen off only 15% or 20%." At the same time, Shumsky acknowledges that about 10 designers have pulled out of the fashion show this year because of a huge deficit in corporate sponsorships. "The smaller designers are feeling it the worst. It's logical, because their production level is much less...
Americans have fallen in love with their dogs. We have dog walkers, dog groomers, dog parks and dog-friendly hotels. We buy organic dog food, put our pets on puppy Prozac and dress them up in costumes for Halloween. In the last 15 years, the amount of money spent on pets in the U.S. jumped from $17 billion to $43 billion. The role of dogs has changed, and journalist Michael Schaffer decided to find out why. Schaffer talks to TIME about his new book, One Nation Under Dog, and what he has discovered about our sudden need to treat...
...from Saturn at the end of 2011 model year. Vice Chairman Robert Lutz told reporters at the North American International Auto Show in January that GM had mounted an expensive overhaul of Saturn by adding a new sedan, a new crossover and a new hybrid. Saturn sales, however, have fallen by more than 40% during the first two months of 2009, and appear to have tumbled again during March. "Everyone is hurting, but Saturn is hurting more," says one dealer. (Read TIME's 1985 article about Saturn's debut...
...after starting his job as superintendent of the Memphis, Tenn., public schools in 2008, Kriner Cash ordered an assessment of his new district's 104,000 students. The findings were grim: nearly a third had been held back at least one academic year. The high school graduation rate had fallen to 67%. One in five dropped out. But what most concerned him was that the number of students considered "highly mobile," meaning they had moved at least once during the school year, had ballooned to 34,000, partly because of the home-foreclosure crisis. At least 1,500 students were...