Word: auto
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Dates: during 2000-2009
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...Troy, Mich., and perhaps most critically, a glut of SUVs and sedans. For all those reasons, Wall Street is discounting GM's chances of survival. Bearish analysts say there's a 40% chance the company will go bust in a couple of years. "The forces working on the auto industry--not just on GM--are gigantic," says Gerald Meyers, a former chairman of American Motors Corp. "GM's future is undoubtedly going to be one of shrinking...
...smooth road lies ahead. Wagoner is getting plenty of advice about how to fix things, from cutting GM's $1.1 billion stock dividend to demanding deeper wage-and-benefit cuts from hourly workers. A confrontation over labor issues is looming, in fact, since GM's contract with the United Auto Workers (U.A.W.) expires in September 2007. Until then, Wagoner seems to be gambling that the company can stay afloat via a series of tune-ups, ranging from having workers bear more health-care costs (annual savings: $3 billion) to eliminating weak models and launching redesigned SUVs and pickups next year...
...Cambridge with The Catholic Boys for their 25th Anniversary Tour, presented by WFNX and The Middle East. The Middle East Downstairs. 8 p.m. 18+. Tickets available from the Middle East box office or through Ticketmaster. $15 in advance, $18 date of show. (PRC)Slim Cessna’s Auto Club with Wrong Reasons, Hank Crane, and Johnny Carlevale & The Broken Rhythm Boys. Wrong Reasons will play their country, blues, and rock-’n’-roll at 9:15 p.m., Boston-area band Hank Crane will perform at 10:15, and Johnny Carlevale & The Broken Rhythm Boys will...
...delivered a prime-time speech at the 2004 Democratic National Convention, to be her party’s answer to California Gov. Arnold Schwarzenegger. “Michigan is the poster child for the deindustrialization of America,” Granholm said of her state, whose once-strong auto industry has suffered from jobs moving overseas. To deal with the effects of global competition, Granholm said, she has aimed to diversify the Michigan economy and to place a greater focus on education. Her education policy features a scholarship program that will give every high school graduate $4,000 to complete...
...terrorists, excuse making. But making them human shows us they are not superhuman: they make mistakes, they get emotional, they have doubts. Each of them may, at some point, be stopped. In Paradise Now, from Palestinian director Hany Abu-Assad, Said (Kais Nashif) seems like an ordinary slacker auto mechanic until he is chosen to undertake a suicide bombing, which he volunteered for long before. Said comes across not as a news-article composite but as a believable, mixed-up young man. In the U.S. he might have been the star of a coming-of-age story; in Nablus...