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...consequence of these makeshift financial strategies, says Sharon Camp, president of the Guttmacher Institute, could be a further widening of the birth rate between wealthier women and the working poor. "Those who can afford better methods with a big upfront cost - like IUDs or vasectomies - may see pregnancy rates continue to fall," says Camp. "But among lower-income women, a third of them are saying that they can't afford the contraception they'd like to use. They're relying on less effective, over-the-counter methods. We could likely see an increase for them in unintended pregnancies...
...richest places in the country, the citadel of the auto age, the "arsenal of democracy," the nexus of technology and innovation. Today it struggles for its life: not one national chain operates a grocery store in the entire 138-sq.-mi. city limits of Detroit. The estimated functional illiteracy rate in the city limits hovers near 50%. The unsolved-murder rate is about 70%, and unemployment is around an astonishing...
...million short of the funds needed to provide the barest municipal services. The school system, which six years ago was compelled by the teachers' union to reject a philanthropist's offer of $200 million to build 15 small, independent charter high schools, is in receivership. The murder rate is soaring, and 7 out of 10 remain unsolved. Three years after Katrina devastated New Orleans, unemployment in that city hit a peak of 11%. In Detroit, the unemployment rate is 28.9%. That's worth spelling out: twenty-eight point nine percent...
...room hotel casino, the new resort is hiring 12,000 people in what Michael Peltyn, CityCenter's vice president of human resources, describes as the "single biggest hiring opportunity in the history of the U.S." It sort of needs to be, given that the unemployment rate in Nevada is a formidable 13.2%. The company has already offered 4,000 of those jobs to current MGM employees (95% of whom accepted). And on Monday, Sept. 21, it started to process the remainder - all previously vetted. In total, to fill the 12,000 positions, CityCenter fielded 160,000 applications. (See pictures...
...That prospect would be a big boost to the casino companies. During the boom years, Macau casinos minted profits at an astonishing rate, but over the past year, the recession has taken its toll on bottom lines. Melco Crown, for example, swung to a loss of $179 million in the first six months of 2009, compared with a gain of $37.5 million in the same period a year earlier. Wynn's Macau operations saw net profit sink 35% in the first half of 2009. CLSA's Fischer, however, believes the industry is set for a turnaround. Cost-cutting measures implemented...