Word: sales
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...from the economic downturn. The most recent round of auto-industry cuts has walloped white collar engineers and researchers who call Oakland County home. Take a drive through the hardest-hit neighborhoods, and you'll see blocks on which one-third or more of the houses have a FOR SALE sign planted in their front yard. The mix of layoffs and a depressed real estate market has forced some highly trained workers to take jobs in other states and leave their families behind in unsold homes...
...financial action in recent years has moved to companies for which there is no such shutdown plan. When Wall Street firm and major mortgage player Bear Stearns experienced something akin to a bank run in March, the solution that Paulson and Bernanke came up with was a hastily arranged sale to JPMorgan Chase & Co., backed by a $29 billion guarantee from the Fed. The Fed is responsible for keeping prices stable and credit flowing. Bailing out troubled lenders to prevent a financial meltdown is a entirely different kind of job, one that most economists say belongs in the hands...
...were totally irresponsible as buyers and shouldn't be able to take advantage of this process." He agrees, for example, with a stipulation in the new bill that defaulting homeowners who get bailed out must return all or a significant portion of any profit they make on the subsequent sale of their house to the federal government. But he also stresses that one of the things he hopes the city can do with the federal aid is reform the reckless culture of home-buying by setting up tools like lender databases and buyer workshops. "This has to become an educational...
...Joseph has a website, www.SaveThePlasticBag.com, which comprehensively details, among other things, how much cockroaches love paper bags; and as a lawyer, he's a pretty good publicist: in 2003 he sued Kraft Foods to prevent the sale of Oreo cookies to children under the age of 11 in California, on the grounds that they were full of trans fat. While he didn't win the court battle, he clearly won the war; Governor Arnold Schwarzenegger signed an anti-trans-fat bill into law on July 25. Earlier, Joseph sued San Francisco's parking department to get the agency to remove...
...However persuasive his arguments, Joseph's task may be Canute-like. In June, China banned shops throughout the country from giving out free plastic bags and banned the production, sale and use of any plastic bags less than one-thousandth of an inch thick. Bhutan banned the bags on the grounds that they interfered with national happiness. Ireland has imposed a hefty 34-cent fee for each bag used. Both Uganda and Zanzibar have banned them, as have 30 villages in Alaska. Scores of countries have imposed or are considering similar measures...