Word: summiteer
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Dates: during 2000-2009
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...automobile business is great. Just ask someone who's in it. "People want to buy cars," says Rod Buscher, CEO of Summit Automotive Partners in Denver, which owns 30 assorted dealerships nationwide. And he really wants to sell cars. The problem is that would-be buyers lack either the income or the access to credit that would allow them to drive a new Malibu or Lincoln or Camry off the lot. That won't last forever; in fact, the automobile business figures to be good in 2011 and terrific in 2012 - which also happens to be an election year...
...true that we've been putting off buying cars for nearly two years as unemployment has climbed and credit has been choked off. (Showroom traffic is increasing, notes Summit Auto's Buscher; it's financing that continues to lag.) But that also means that we'll be readier to buy when credit starts to loosen. Even if this recession lingers longer than expected, results will pick up substantially in 2011. Analyst Luedeman predicts that sales in North America will bottom out at 8.4 million units this year (others say slightly higher), then jump to 10.2 million...
...Obama faces the problem of having a Congress which will generally support him. But, when a Representative's district is losing jobs because of the dumping of Japanese steel or Swiss watches, the tenor of the conversation will change. Trade won't work out the way the G-20 summit says it will. National interests to protect local industries are too strong...
...pleasantly surprised—this is not the column I planned on running today. The days leading up to yesterday’s G-20 London Summit showed all the signs of hubris-hampered, every-economic-bloc-for-itself nasty diplomatic failure. It turned out better than expected: Although many worthwhile bottom-up institutional reforms didn’t squeeze through, the six-pronged plan for global recovery proposed by the leaders of the world’s 19 largest economies, plus the European Union, offers at least a small sign of hope...
...from the feet up.” Smooth teamwork is not the style of diplomacy the world is used to seeing at these meetings. After all, we’ve come to expect deadlock on the most important issues. The last G-20 summit ended with nothing but an agreement to meet again, and the Doha round of international trade talks was a joke...