Word: grim
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...joblessness situation is that grim, the price of homes is likely to be falling even more sharply than last year and more mortgages are headed under water. Default and foreclose rates are bound to jump higher. Consumer confidence, which is already remarkably bad, will be exacerbated by the number of people out of work and the lack of credit to buy even the most essential items...
Borders The story of the problems at the country's second largest book retailer is a grim tale. Even before the economic downturn, Borders didn't shine. "Their real estate was suboptimal in some markets, they were overexposed to music and movies, and they tried to go international, which didn't work," says David Schick, an analyst at Stifel, Nicolaus & Co. Then came the financial storm. Total sales dropped 11.7% during the nine-week holiday period that ended on Jan. 3, and sales at stores open for at least a year fell 14.4% during that time. In addition, the company...
...displaced workers live in this region, but about one-quarter of its global workforce is based in Illinois, mostly around Peoria. As light snow fell late Tuesday afternoon, dozens of Caterpillar workers marched out of a company plant on the far edges of the city. Their faces were grim. No one was in the mood to talk. The last time Caterpillar faced a similar crunch was in the early 1980s, when the company had to deal with the combination of recession and loss of market share to a fierce Japanese competitor, Komatsu. (See pictures of the recession...
...despite the discrepancy, Deputy Superintendent Carolyn L. Turk said that the grim economic situation could be an opportunity for the district to improve not only the cost-effectiveness of its education programs, but also their quality...
...murky guidelines have not stopped anxious parents like Wang from dragging their children to Tao's camp, a grim, four-story building in Beijing's major military compound. Once checked in, most patients are required to stay for three months, without access to the outside world, cell phones or, of course, computers. But unlike in other similar camps, parents of patients at the Internet Addiction Center have to stay at the camp to receive "treatment" too - because, according to Tao, Internet addiction is often a result of parenting mistakes. For most families, providing this treatment to a child is already...