Word: fallenness
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...from getting too far underwater on their obligations to retirees. Public pensions have also been hit hard. State and local governments' pension funds support some 27 million Americans, and many have lost a fifth of their value this year. Virginia's retirement fund and California's Calpers have each fallen 20% in just the past four months. The pain is both broad and deep...
...were one of the first to call the commodities boom. Now that prices have fallen, has your bullishness changed...
...access funds in the $700 billion federal-bailout package, while the company reportedly is also seeking cash injections to cover potential merger costs. GM and Chrysler employ more than 200,000 U.S. workers and support many more jobs in the auto-parts and sales industries; GM's stock has fallen more than 80% since January. White House press secretary Dana Perino confirmed talks between federal officials and the struggling company but added that ailing U.S. carmakers "are dealing with some decisions that they've made in the past. And we are in a global environment, and they're competing globally...
Unknown Africa I have bitten my tongue several times as your reporters, including Alex Perry and Vivienne Walt, glibly write about growing poverty in South Africa. This "conventional wisdom" is repeated in "Verbatim" [Oct. 20]. It simply isn't true. Measures of income generally show that poverty has fallen by as much as 20% over the past seven or eight years. One reason has been that employment rose considerably during the mid-2000s; another is that social-assistance programs now reach 12 million South Africans. It is true that inequality seems to have increased, but that is because...
Sure, there are signs the real estate market may be turning. In September, home sales across the country rose 1.4% from their level a year ago, which is the first annual increase in that measure since November 2005. In some areas of the country, where prices have fallen dramatically, like Fort Myers, Fla., and Sacramento, Calif., sales are up much more than that. But nationwide, the pace of purchases are still 25% below where they were three years ago. And the number of homes on the market waiting to be sold, 4.3 million, is still up 1.3 million from three...