Word: suburbs
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...Kashkari grew up in Stow, Ohio, an Akron suburb. As a high school student, he was a fan of heavy metal bands like AC/DC, whose lyrics dot his high school yearbook. He is 35 years...
Similar credit concerns have contributed to a 20% drop in sales at Marshall Ford in Mayfield Heights, an affluent Cleveland suburb, says owner Larry Elk. Leased vehicles typically make up half of Marshall's new-car business. As Ford, GM and other manufacturers take steps to cut back on car leases, Elk says he feels the pinch. "People are getting the message that leases aren't happening," he says. "If people don't have to buy a car, they're just holding off to see what happens...
...Royal Bank of Scotland have been mauled. Some depositors have taken fright, too. A day after the U.K. Treasury announced the nationalization of Bradford & Bingley and the sale of its branches to Spain's Banco Santander, Kusum Patel, a 50-year-old chef from Ilford, a gritty commuter suburb 9 miles (14.5 km) northeast of central London, withdrew all her savings and closed her account, as did several other customers. "They say it's going down. I've been hearing it on the radio," Patel fretted. "I haven't got a great amount of money, but the little...
When word got out that a filling station in the Atlanta suburb of Buckhead had received a fresh supply of regular unleaded, the line began forming well before dawn. Thanks to Hurricanes Gustav and Ike, which crippled Gulf Coast refineries, drivers in the Southeast are creeping around town with their gas gauges on empty, searching for a pump that isn't dry. And while oil companies said supply would improve by Columbus Day, the long lines aren't the only thing giving us déjà vu. We've got an unpopular President in the White House, trouble with Iran...
There's no question that many Chinese were willing to accept the need to show a united face to the world in the approach to the Olympics. But within days of the closing ceremony, a public protest demonstration against the government in a Beijing suburb signaled that the grace period was over. The string of disasters that has befallen the nation since then will only add to questions about where the limits of the long-suffering public's patience lie. This week, anger over the tainted-milk-powder scandal was palpable at one of Beijing's main Children's Hospitals...