Word: augustness
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After the collapse of a Minneapolis highway bridge that killed 13 people in August, critics lashed out at the lack of federal spending on basic infrastructure maintenance. Remarkably, Congress nonetheless plans to earmark more than $2 billion in the transportation-appropriations bill for frivolous home-district projects. Here's a plate of pork projects from the bill's House and Senate versions that won't make our roads any safer...
Could this deal save the U.S. auto industry? It would certainly help. Once GM sets up a VEBA, Ford will probably follow. Chrysler, which became a privately held company in August and has far fewer retirees, has so far balked. "It's not our issue," says a Chrysler official. The companies can use the freed-up cash to spend on developing and selling better cars to take on Toyota, which this year surpassed GM in sales. But that's in the long run. In the short run, funding the trust could put carmakers in a tighter cash squeeze unless they...
...abuses within the sect, and they turned to newly strengthened child-abuse and sexual-predator laws. In 2005, Jeffs was indicted for sex crimes in Arizona and Utah and became a fugitive. A year later, he was on the FBI's 10-most-wanted list until his arrest in August 2006 in Las Vegas. Police found $53,000 in cash as well as cell phones, wigs and laptops. When he appeared at preliminary hearings, he seemed even more gaunt than before. He was reported to have gone for days without food or water and knelt so long in prayer that...
Even worse, Britain's Office of Fair Trading (OFT) and the U.S. Department of Justice fined BA more than $500 million in August for price fixing. Ten current and former BA executives face the possibility of criminal prosecution in the U.S. All this comes just as access to the transatlantic market out of Heathrow Airport--now restricted to BA and a few other carriers--is about to be blown wide open...
...Slattery and Salahudeen’s fears were realized when Hurricane Katrina, which formed over the Bahamas on August 23, slammed into the Gulf Coast on August 29. The subject of around-the-clock television news coverage, it was one of the deadliest and the costliest natural disasters in American history, killing more than 1,800 people and generating about $80 billion in damage. In addition, Louisiana’s commissioner of higher education estimated that 80,000 students were displaced by Katrina and, one month later, Hurricane Rita...