Word: spend
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...people last year, according to the industry-allied Center for Automotive Research (CAR) in Ann Arbor, Mich., the multiplier effect is large, which is typical in manufacturing. Throw in the partsmakers and other suppliers, and you have an additional 974,000 jobs. Together, says CAR, these 1.2 million workers spend enough to keep 1.7 million more people employed. That gets you to 2.9 million jobs tied to the Detroit Three, and even if you discount the figures because of CAR's allegiance, it's a big number. Shut down Detroit, and the national unemployment rate heads toward...
...Shutting down plants and cutting labor are costly - it's one of the ironies of the auto business. Deutsche Bank estimates that GM would have to spend $12 billion to chop labor costs and compensate dealers who lose their franchises. That would lower GM's North American operating costs from the current $31 billion to $25 billion annually, says Deutsche Bank. (See pictures of the global financial crisis...
...advises finding charitable causes for kids and ensuring that they see the results of their philanthropy. By researching different programs and working with a team of volunteers, youngsters can gain valuable perspective on how the rest of the world lives and how better to prioritize their own "give-save-spend ratio," says Willis. Helping others is a powerful tool for teaching children about sacrifice and detachment from material things, she says...
...fact, the very idea that Obama should transform African Americans into the black Waltons is flawed. It rests on the notion that the black community, more than other communities, is characterized by a bunch of hapless layabouts who spend their days ticking off reparations demands and shaking their fist at the white man. The truth is that the dominant conversation in the black community today is not about racism or victimization but about self-improvement. In a 2007 Pew survey of black America, Bill Cosby was rated second among public figures believed to have the best influence on African Americans...
...Instead of intellectual exploration,” he said then, “students will spend four years playing intellectual hop-scotch—jumping from square to square, trying to land on the right courses at just the right times.” —Staff writer Bonnie J. Kavoussi can be reached at kavoussi@fas.harvard.edu...