Word: worthlessness
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...Even trash has become worthless.' TIAN WENGUI, a Beijing resident who recycles garbage for cash, on the global economic downturn...
...other experts, the task force aims to do two things in the weeks ahead. First, it will try to close the deal on Chrysler's sale to Fiat. Sources familiar with the task force's approach describe Chrysler as "hollowed out" by a succession of owners and largely worthless, with no quality brands other than Jeep and little hope of restructuring itself into a viable concern...
...products because customers could turn to cars made by competitors which were in reasonably good financial shape. But, most research done recently indicates that Wagoner was probably right, at least right enough that GM's sales could be clobbered by consumers who believe that their warranties will be worthless and that their dealers will disappear. (See the 50 worst cars of all time...
...American consumer has already lost faith in his own ability to buy things. He knows he might lose his job, he might not qualify for a loan, that his house is worthless, and that the local Sears (SHLD) was closed. If he wants to return something he bought at the store, he will need to drive 50 miles to do it. People who have trouble buying things that they need probably do not want to have their problems compounded by worrying about what they should do if something they buy suddenly breaks...
...Zimbabwe is facing its worst economic crisis since independence almost three decades ago. On top of its abandoned, worthless currency, the once prosperous agricultural economy is bankrupt. The country's new Finance Minister, Tendai Biti, announced on Wednesday that Harare has a monthly expenditure of about $100 million but can raise only $20 million a month. The government estimates that an average family of five requires about $550 a month, far more than what most people earn. (See pictures of Zimbabweans voting...