Word: foreign
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...with the Chapter 11 of one of its auto companies, particularly the one that is the smallest of the three. But the consumer will almost certainly be forced psychologically, if GM fails as well, to purchase automobiles only from companies which are viewed as financially stable. That means that foreign car companies will have an even greater advantage than they do now. Chrysler lost 48% of its sales in April compared with the same month as last year. Domestic sales dropped 34% for the entire industry. It is probable that concerns about Chrysler's survival made potential customers anxious...
...three of the car companies and the bankruptcy filing of Chrysler. Pushing GM into court and risking an extended fight could cut the flow of orders to suppliers by enough that it would ruin a large number of the businesses. These businesses supply the assembly lines of foreign and domestic car manufacturing facilities around the country. The suspension of building vehicles will actually help The Big Three reduce inventory, but that is a short-lived benefit that ends the moment the companies need to begin to begin production again...
...typical weekend afternoon, Beijing's Silk Street Market buzzes with the sound of tens of thousands of tourists haggling over antiques, jewelry and knock-off Gucci handbags. Rickshaw drivers normally scoop up these marketgoers, pedal them to their hotels and return with pockets full of foreign currency - a lucrative cycle drivers can repeat dozens of times a day. In recent months, though, the Silk Street Market's once reliable bustle has thinned dramatically. "I haven't seen a single tour bus pulling into the market this morning," says Lao Qian, a 49-year-old rickshaw driver taking a long lunch...
That's an understatement. During the first three months of this year, China, which in 2004 overtook Italy to become the world's fourth most visited country, saw the number of international visitors drop by more than 7%, and its foreign-tourism revenue shrink by more than 15%. In Spain, year-on-year arrivals dropped by 16% in February - the country's sharpest decline in years. And in the tropical islands of the Caribbean and South Pacific, it's a case of surf, sand and empty beach chairs. In February, French Polynesia reported a 30% drop in year-on-year...
...city of Peshawar, cheap, mass-produced DVDs feature footage of coalition atrocities: mud-brick Afghan villages leveled by allied attacks and ordinary citizens allegedly killed by coalition fire. Also popular: a montage from the anti-Soviet jihad of the 1980s, part of a running effort to portray the current foreign troops as "invaders." Other discs show Taliban executions of so-called traitors and spectacular attacks against coalition forces...