Word: michiganisms
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...Forty years ago, Lake Erie, one of the largest lakes in the world, was also among the most polluted. Industries in Pennsylvania, Ohio, and Michigan dumped waste into the water as fast as was necessary to keep their industrial operations working. Lake Erie reached a point where it could hardly support a population of fish. The companies involved were not being malicious as much as they were being brazenly capitalistic. Some of the CEO's who were the heads of the largest polluters may have even been fishermen. They desire to make money trumped their personal feelings. (Read: "Comeback...
...that on Wednesday the Commerce Department reported that retail sales fell 0.4% between March and April. Yet at the same time, consumers expressed more confidence about the economy than they have since the fall, according to a much-watched survey released on Friday by Reuters and the University of Michigan...
...biggest sticking point in any bid to avoid bankruptcy is the complexity of GM's debts. Chrysler's 40-odd creditors could fit into a large conference room. GM's creditors, however, could fill up most of the seats in the University of Michigan's football stadium. The bondholders include an estimated 127 major financial institutions, including banks, hedge funds and mutual funds, as well as 100,000 or so small holders that represent a cross section of American savers...
...been the most influential international trade economist since Paul Krugman,” said economics professor Pol Antràs, who worked with Melitz during his time at Harvard. Melitz’s influence on the study of international trade began with his graduate thesis at the University of Michigan. In that paper, he built a conceptual framework for international trade that focused on decisions of individual firms and their entrance into the market. Melitz’s firm-level approach to international trade has provided a way to predict aggregate trade flows, which Antràs said...
...Being too rich for foreclosure, but too poor for derivatives, I had begun to think the government would never craft a bailout for me. However, prodded by crafty old John Dingell of Michigan, dean of the House of Representatives, Uncle Sam has selected me to stimulate the economy by buying a new car. This program will...