Word: peak
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Dates: during 2000-2009
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...Workers (UAW), with 17.5%. GM's business in Europe, Opel, will be sold. As many as 14 U.S. factories are marked to close. The iconic Pontiac brand is probably finished. Under a new labor agreement with the UAW, GM's hourly domestic workforce, which numbered 600,000 at its peak, will drop to 40,000. In other words, 14 of every 15 GM jobs have vanished in roughly a generation. And the ripples: dealers losing franchises, thousands of suppliers doomed...
...puts the figure at more than $300 billion. Postponed developments include the World, a luxury man-made island community designed to resemble a world map, and Dubailand, a theme park planned to be twice the size of Florida's Disney World. Housing prices have fallen 20%-40% from their peak in late 2008, and about 30% of the city's existing real estate space is lying empty...
...that summer has unofficially kicked off, it's time to get to the shore. We've scoped out seaside destinations from California to the Caribbean where you can catch cooling ocean breezes and - since peak summer-travel season is still a few weeks away - some good shoulder-season deals...
...priced tickets are donated. However, with an interpretation of honesty that Bill Clinton would be proud of, there are often no actual profits—and consequently, no donations. To market an event based on the assumption of charity and then fail to give away a cent is the peak of hypocrisy. Equally reprehensible is the tacit acceptance suggested by the administration’s failure to enforce these organizations’ promises. Commitments to charity must be genuine, not merely a form of image marketing. If student groups advertise a charitable cause, they should be forced...
...trade until the early part of this year," says P.K. Basu, Asia economist for the Daiwa Institute of Research. Mirroring that drop is the Baltic Dry Index, which tracks the average cost of shipping a container of goods. It has plummeted more than any stock market, from a peak of 11,000 in mid-2008 to roughly 2,600 today...