Word: month
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...next signal that the situation is not worsening is car sales. Most of the large manufacturers are experiencing monthly drops of over 45% compared with last year. It may take a year or more for those numbers to settle at drops of closer to 10% to 20%. But, if U.S. vehicle sales stay steady at 25% to 30% down, the consumer is beginning to tiptoe back into the market. The likely cause for this is that extraordinary deals on new cars are becoming attractive to buyers who have cut their debt and can afford to make a modest investment based...
...Finally, when the government investment in banks and insurance companies drops below a rate of $100 billion a month and begins to slow to much more modest levels as the number of firms that need big bailouts decreases, it means that the period of huge catastrophes has ended and that normal credit availability from the Fed has returned as the major method for feeding the credit markets...
...owned up to selling 53% fewer cars and trucks than a year ago, while Chrysler admitted that its total fell 44%. Slow sales means slow production, which is where automakers get their revenue, so the results put a real dent in cash flow. At the beginning of the month, GM and Chrysler both had more than five months' supply of unsold cars. (Read about the CEOs behind Detroit's Big Three...
...want to stimulate your baby's brain, he says, try simply playing with him. In a recent study, Christakis showed that basic activities like playing with blocks with an 18-month-old can improve his language skills six months later...
Harvard administrators formally announced their intention to slow down construction for the first science complex in Allston last month, citing financial pressures on all revenue streams...