Word: shrinking
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...Some Presidents have a hard time being instantly shrink-wrapped on Inauguration Day. One minute he is the Leader of the Free World; the next, he's history. "What a great change can come to a man in a matter of moments," the departing Harry Truman told a friend after Dwight Eisenhower's swearing in. Adjusting to a sudden power outage can be a remarkable challenge. Eisenhower had to be taught how to dial the phone. Calvin Coolidge was frustrated that people didn't always realize he was no longer God. "People seem to think the presidential machinery should keep...
...Japan contract at 5% this year, China's economy is very likely to shrink faster. It will be faced with a sharp drop in what it makes and exports. More importantly, large numbers of Chinese are leaving the huge new industrial cities and going back to rural regions where they can at least find work growing their own food. What is more than a trickle now could become a flood. Those who have gone back to non-industrialized sections of the country will not be net consumers...
...Companies that provide so-called alternative credit information say their business is booming, even as the rest of the lending industry continues to shrink. Banks once sought out such information as rent-payment histories to assess whether to lend to individuals who lack a credit score because they may never have had a credit card or mortgage and don't have enough credit history to generate a rating. These days, more and more banks are using the supplemental information, even with customers who have a credit score, in an effort to lower loan defaults...
...HDTVs are getting thinner and bigger. While that's not exactly news, it was hard not to be impressed by the gleaming, wafer-thin lineups from Sony, Samsung, Sharp and LG, which have managed to shrink their screens down to half an inch in depth while offering screen sizes in the 100-in.-plus range. OLED TVs, using an amazing new display technology that draws little power but offers a huge array of colors, are now hovering around 21 in., which means that competitive sizes at competitive prices with plasma and LCDs ought to be available in another year...
With the national unemployment rate nearing 7 percent—a figure not seen in the U.S. since 1993—several states have seen their unemployment insurance trust funds shrink to dangerously low levels, with some states already taking out federal loans to pay unemployment benefits. But Massachusetts’ unemployment benefit system remains “strong and solvent” for the foreseeable future, bolstered by over $1 billion in trust fund reserves, according to Robb Smith, director of Policy and Planning for the Mass. Labor and Workforce Development Office. From January through November 2008, the state...