Word: resoldered
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...occurring most strongly in the industries most sensitive to the cost of borrowing: autos, housing, construction generally. An upturn there tends to boost sales of other products: the steel, rubber and glass going into cars; refrigerators, washing machines, furniture and paint needed to equip and decorate new or resold houses...
...statue of independence hero Jose Marti. Now he is officially a nonperson and unable to find a job. "How am I supposed to live?" he asks bitterly. He earns his keep by "inventing," selling his jeans for 200 pesos, which fetched 40 lbs. of rice that he resold at quadruple the price...
...seen here, but it's just the tip of the iceberg." Salvage yards and body shops across the country will pay illegal suppliers like Wills $5,000 total for the front end, back clip, engine, radio, doors and bumpers of a typical late-model car. The parts are then resold to insurance companies, marked up 200% to 300% of their black-market cost. Last year 40,000 cars were stolen in the Philadelphia area alone. Very few of the thieves were caught...
...call me, the junkyard, and I'll tell you to leave it in a parking lot somewhere with the keys, as well as the title for my own protection. I give you a coupla hundred dollars, I sell the parts to a body shop, and they get resold to an insurance company. Meanwhile, the owner comes by to pick up his title and then report the car as stolen...
...Police say more than half of the thefts are committed by organized car rings that chop up stolen cars and resell the parts or ship them across borders. (See following story.) Overall, about a quarter of stolen cars end up in chop shops, where they are taken apart and resold for as much as triple their value whole. Two skilled choppers with power tools can cut up a car from hood to trunk in three minutes. The demand is huge: a thief can steal a $10,000 Nissan Sentra, strip it and sell the parts...