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...remaining party to any GM or Chrysler accord that averts bankruptcy will be the bondholders, who must agree on a reduction in the amounts owed. At Chrysler, bondholders made concessions on Friday, reducing Chrysler's $6.9 billion of outstanding debt for the second time. The bondholders had earlier agreed to accept $4.5 billion; on Friday they reduced the amount further, to $3.75 billion. A final deal with creditors much be reached by May 1. Among Chrysler's biggest bondholders are JP Morgan Chase, Citigroup, Goldman Sachs and Morgan Stanley. Even if Chrysler reaches a deal with its major creditors...
...carefully mixed colors - sage, sky blue, maroon - and experimented with texture, using controlled paint splatter for a sandy effect. Nothing is still: in Colorful Ensemble (1938) the splatters are a background of dots on which swim strange biomorphs; in Sky Blue (1940) stripy plankton flutter multiple legs while Reciprocal Accord (1942) fizzes and explodes...
...threat last week to sack the chief of the formerly royalist Nepal army. The move, some say, may have saved the less-than-a-year-old government from being overthrown. The intractable dispute over assimilating the former Maoist guerrillas into the army, as per the terms of the peace accord signed in November 2006, could have led to a military coup. But while the government's reconciliatory decision succeeded in keeping power and pulling a fragile peace process back from the edge, the Maoists now find themselves tasked with trying to stamp out growing unrest amid their own ranks...
...Trouble had been brewing for months in Kathmandu over the most controversial goal of the peace accord: integrating the 19,000 former guerrillas into the Nepal army and, more important, into society. During the Maoists' decade-long insurgency, the former King's Royal Nepalese Army was called upon to tackle the Maoist guerrillas, and the two forces have been stridently inimical to each other ever since. "The fact is, the Nepal army today is the only significant opposition to the Maoist takeover of Nepal," says retired Major General Dipankar Banerjee, director of the New Delhi-based Institute of Peace...
...first survey of what the former rebels want to do. A vast majority are expected to opt to join the Nepal army, but those who don't make the cut will have to be assimilated into other security forces or given other jobs per the terms of the accord. "Some 5,000 have left - they just got tired of waiting," says Kosmos Biswokarma, spokesman for the U.N. mission in Nepal. "The rest are getting impatient. They want decisive action." Prachanda's biggest problem now will be containing this unrest and finding a solution. Until then, "the first great world experiment...