Word: resultingly
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...Chinese manufacturers are particularly vulnerable to a recession right now because of higher labor and commodities costs and because of the simple fact that China's boom resulted in the creation of far more factories than global demand could possibly support in a cyclical downturn. A shakeout is unavoidable, and it is being made worse by the worldwide credit crunch. Nervous banks, Lau says, have reduced the credit lines of many small manufacturers by up to 50%, starving them of operating funds. Letters of credit, which facilitate the shipment of exports, were once automatically accepted by banks in Hong Kong...
...economists say, "pushing on a string." Banks were reluctant to lend because they needed to hoard capital to repair their balance sheets - just as they need to do now in the U.S. Economic growth slowed, and demand for the credit that was available diminished. The result was Japan's infamous Lost Decade: 10 years of low or no growth...
...foreclosure. That means higher maintenance fees for those - like the Adamses - who continue to pay their mortgages. And as his monthly payments have gone up, Adams' income has gone down. His firm has lost three projects over the past year as commercial developers canceled jobs. As a result, he and his wife make decisions that ripple through the economy. He cashed out of his 401(k) to pay bills. A plan to buy a new car? History. They took their son out of an expensive private school. Credit cards? They don't use them anymore. "Debit cards and cash only...
Depression Hurts The end of what prosperity [Oct. 13]? For more than 20 years, working- and middle-class Americans have seen their jobs go overseas, wages diminish and savings disappear; they've had retirement funds stolen by companies going bankrupt or merging, and health care made unavailable as a result of cost. Suggesting that borrowing to live is the cause of the Wall Street collapse when the 400 richest people in the U.S. have as much money as several million average citizens shows ignorance of the greed and avarice controlling this country. Paul A. Heller, Washington, Mich...
...Size Matter? In his article "Sizing Up Your Body," Sanjay Gupta writes, "One healthy response [to body image] has been programs that promote ... the idea of loving yourself as you are" [Oct. 20]. But he immediately negates that by citing a health professional's claim that these programs can result in people "accepting that they're overweight." So apparently it's healthy to love yourself as you are, but only if you're thin; if not, better keep up with that self-loathing! A study on dieting by the National Institutes of Health showed that virtually all dieters regained...