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The shrinking book is particularly confounding because when Enron North America filed its own bankruptcy petition, it actually appeared to be solvent.
David Kuhn, a literary agent in New York, said that a shrinking book industry could be compared to the situation in Hollywood, where studios under financial pressure now focus on churning out a handful of blockbusters a year, rather than taking risks on smaller films.
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Arrears on them have trebled in the past year (from 0.7% to 2.1%) and are now almost double the industry average for all mortgages.Some of the increase in arrears is an illusion caused by a shrinking mortgage book.
In the CBI's January survey of industrial trends, the number of exporters with shrinking order books outweighed those with rising ones by more than 20% of the sample for the third quarter running.
To meet the new European standard, analysts predict that the region's banks could end up selling assets, shrinking loan books and shutting down foreign subsidiaries in a deleveraging process that may exceed 3 trillion euros in the coming years.
[C3.] Space Shrinks for Book Reviews As newspapers look for ways to cut back in a slumping economy, space is beginning to shrink for book reviews.
Northern Rock, a British bank which was nationalised in early 2008 and was originally told to shut its doors to new borrowers and shrink its book, abruptly changed course in February.
Northern Rock also announces it will focus on growing its deposit base while shrinking its mortgage book.
Michael Klare, author of Rising Powers, Shrinking Planet, a book about the growing tussle for global resources, described today's China as "the shopaholic of planet Earth".
Despite repeated government claims it is not interested in running banks, creeping nationalisation may be on the way:Northern Rock, which was nationalised in February 2008, has said in the same vein that it will no longer work on shrinking its mortgage book and will maintain lending.But these are bits and pieces.
The bank has been shrinking its mortgage book, cut its branch network and has stopped lending through intermediaries.
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