Word: unsold
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Inventories of unsold cars have swollen to 1.8 million vehicles. At current sales levels, that is a 75-day supply, well above what is considered healthy, and Detroit is finally acknowledging the sharp downturn in demand and cutting production plans for the rest of the year. Output at General Motors assembly plants in the third quarter will be the lowest of any July-September period in 19 years, Chrysler's the smallest in a decade. While none of the automakers are scheduling long-term shutdowns, many workers are being idled for the first time since the last recession. Ford, which...
...works in the show, more than a third are from Warhol's estate, mostly very early or very late ones, though no special interest attaches to "Warhol's Warhols" beyond the circumstance that they were unsold at the time of his death. Nevertheless, despite this compliance with their sales pitch, the guardians of Warhol's name and estate (who are busy marketing his aura like a combination of Jesus Christ's and Donald Duck's) are reportedly miffed by the form that the show took at the hands of its curator, Kynaston McShine. The show's emphasis falls on Warhol...
...Jordan, the world of basketball is a world without bounds. He gyrates, levitates and often dominates. Certainly he fascinates. In arenas around the country, food and drink go unsold because fans refuse to leave their seats for fear of missing a spectacular Jordan move to tell their grandchildren about. Bulls assistant coach Phil Jackson admits that the Jordan Freeze affects seasoned veterans. "Even I get caught up in Michael's show," he says. "I try not to, but sometimes I just sit back and enjoy...
Lipkis emerged from his trials and errors a resourceful man, in the most literal sense of the word. Since founding TreePeople, he has enlisted volunteers everywhere, from senior citizens' homes to grade schools, to plant millions upon millions of trees. He has persuaded nurseries to donate unsold seedlings they would otherwise have destroyed. He has coaxed the California National Guard ("all those empty trucks and planes sitting around") into helping transport the trees. He once even persuaded Club Med to rescue and care for two exhausted TreePeople volunteers in Senegal who had fallen ill while planting fruit trees in famine...
...latest incredible news broke last week at the PTL ministry's forlorn theme park at Fort Mill, S.C., barely a tenth of the rooms were occupied in the Heritage Grand Hotel. Along the adjoining Main Street shopping arcade, stale popcorn was piled unsold in a vendor's cart, and saleswomen without customers knitted listlessly in a crafts shop. Cranes, brought in to construct Jim Bakker's fantasies, stood eerily idle, as they have since scandal struck 19 months...