Word: haven
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Dates: during 2000-2009
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...model T indicated that when it was first introduced in 1908 its fuel efficiency was 13-21 miles per gallon [Oct. 6]. According to the website of the U.S. Bureau of Transportation Statistics, in 2006 the average U.S. passenger car got 22.4 miles to the gallon. It seems we haven't got very far in 100 years. Jeff DeVito, Bound Brook, New Jersey...
...happened as the Europeans smugly watched the American behemoth stumble: the not-so-almighty dollar began to rise. Since mid-July the greenback has gained more than 16% against the euro. And why? Because for all its troubles, the U.S. still looks like a safer and ultimately more profitable haven than Europe, with its irreducible jobless rate of about 8%, or those trendy emerging markets that have now crashed back to earth. You would have thought the U.S. would be hemorrhaging trillions by now; instead the rest of the world is learning to love its currency again...
...attack for the supposed greed that has taken place [Sept. 29]. A few CEOs made an ungodly amount of money but are just a small portion of those who work on Wall Street, most of whom are considered middle class. Those who got rich off the real estate boom haven't had to share any of the blame. So what if they made millions? So what if speculators were flipping houses without ever intending to move into them? So what if people took out numerous credit cards and bought homes they couldn't afford? I had nothing to do with...
...being able to pay workers. So far, there's little, if any, evidence of that. Automatic Data Processing, which handles paychecks for 400,000 small businesses, dips into its clients' bank accounts to pay their employees. There has been a slight uptick in the number of times there haven't been ready funds, but at this point, that pattern isn't any different from what ADP has observed in previous economic slowdowns...
...Producers dismiss the union claims as specious. "It's hard to believe [the strikers' charge that] there are producers who haven't paid workers for months. There's so much work around these days, workers would simply leave and go elsewhere," says Kavita Barjatya, head of TV production at Rajshri Films, one of Bollywood's oldest and best-known production houses. Many producers say they will resist what they see as bullying by unionized workers and have vowed to hold out indefinitely. But the union is betting that producers will be forced to relent by the massive daily losses...