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...part of its effort to reorganize under Chapter 11 of the bankruptcy code, GM has named Al Koch, a partner in J. Alix & Associates, a Detroit-based turnaround firm, to serve as chief restructuring officer. Koch, who has served as the undertaker for dozens of other firms over the years, including Kmart, will be responsible for laying to rest what is already being quaintly referred to as the old GM and what will no doubt be a mountain of liabilities. (See pictures of GM factory-scapes...
...Africa—into a poster child for economic mismanagement. We wished Prime Minister Tsvangirai the best of luck in helping to restore some semblance of peace and prosperity to that troubled country.In March, the International Criminal Court made history by issuing an arrest warrant for Omar Hassan al-Bashir, the President of Sudan. The Sudanese government has been complicit in what some American officials have called a genocide in the western parts of their state, especially Darfur. While it is unlikely that the ICC’s verdict will ever be carried out, it marked an important step forward...
Last fall, when introducing Al Gore at Harvard’s Sustainability Celebration, President Drew G. Faust asserted, “Universities are the world’s greatest source of ideas and innovation.” Theoretically, ideas generated by university scholars are disciplined by the scientific method, vetted by peer review, and made accountable through open publication with clear authorship. Talk radio, the blogosphere, and even The New Yorker operate by a lower standard...
...Minnesota Supreme Court unanimously declared Al Franken the winner of the longest contest for U.S. Senate in the state's history on June 30. After nearly eight months, millions of dollars in legal fees, two appeals and a recount, GOP incumbent Norm Coleman conceded gracefully, telling reporters in front of his St. Paul home, "I have never believed that my service is irreplaceable. We have reached the point where further litigation damages the unity of our state, which is also fundamental. In these tough times, we all need to focus on the future. And the future today is: we have...
...said with a beleaguered laugh when asked last week about the difference Franken might make. As the No. 2 Senate Democrat, Durbin is the man responsible for counting the votes. "We have this tough situation with Senator Byrd and Senator Kennedy, so on a good day, we have 57. Al Franken makes it 58. It lightens my load a little bit, and Harry's as well, to find the additional votes to reach 60. And that's what it's all about." (See the top 10 contested officeholders...