Word: ailinger
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Amid the economic downturn, Americans are buying fewer new cars and light- trucks, or even used cars. In recent weeks, GM announced a third- quarter loss of $2.5 billion. And the major automakers have stirred a vigorous debate over how much, if at all, the federal government should be involved...
Jobs: Obama has promised to create 2.5 million new jobs and plans to do so, at least in part, the old-fashioned way: by rebuilding sewer systems, bridges, schools and other ailing parts of the nation's infrastructure. After the I-35W bridge in Minneapolis collapsed in 2007, killing 13...
President-elect Barack Obama voiced new concern over the economy on Monday when announcing picks for his White House economic team, saying a new economic-stimulus package was needed right away in addition to the ongoing efforts to pump more than $700 billion in federal rescue funds into ailing businesses...
RESIGNED Jerry Yang, 40, the Yahoo! co-founder who took over as CEO a year ago, said he would step down Nov. 17. Beset by criticism after Yang rejected a buyout bid from Microsoft, the ailing search company saw its shares jump 8% the day after his announcement.
Faced with the choice of bailing out the ailing auto industry or letting it fail, Congress picked a brave third option: procrastination.