Word: aide
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...That figure will likely be ratcheted down given that the Detroit Three are now expecting a possible loan from the TARP funds, but critics warn even if Ottawa steps up with billions of dollars in aid, it won't be able to secure any job guarantees. "The real action is between Detroit and Washington," says Joe D'Cruz, a specialist in business strategy at University of Toronto's Rotman School of Management. He's concerned that Washington could make the transfer of jobs from Canada - which accounts for about 15% of Detroit Three production in North American...
...Analysts are hard-pressed to predict which might be the first to go. The automobile sector is a priority industry for the Chinese government, and many carmakers are already heavily backed by the state, which could aid to keep local champions afloat through the downturn. This week Chery, one of the country's most successful domestic automakers, received a $1.5 billion loan from China's Export Import Bank. Jin Yibo, Chery's spokesman, says that the loan isn't government aid or any sort of bailout, but a "business deal" between Chery and the bank. However the money is characterized...
...overthrow Mugabe. They argue that the U.N. has a responsibility to take action under the Responsibility to Protect, an open-ended justification for humanitarian intervention that the U.N. adopted in 2005. That's because saving Zimbabwe from a humanitarian catastrophe will require hundreds of millions of dollars of foreign aid and investment, which will be withheld as long as the strongman holds on to power. (See pictures of political tension in Zimbabwe...
...this." But Vines sees little hope for a rebellion. "The population is fatigued, most of the middle class has left, energy is very low, and Zimbabwe's population is anyway very conservative," he says. "On top of that, the paradox of the cholera epidemic is that the outside emergency aid it attracts will prop up Mugabe...
...during the antiglobalization uprisings in Seattle in 1999 and Genoa in 2001. But Athens 2008 comes as the very words damaged banks have taken on a whole new connotation. Indeed, in the weeks before the violence began, many Greeks had expressed outrage at the government's $35 billion in aid to the nation's lenders at a time when one out of five citizens lives below the poverty line. And so, nearly a week after they began, the Greek riots offer the first tangible sign since the West's financial meltdown of the potential social unrest percolating just below...