Word: bail
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...soon came under immense pressure as the global financial crisis slammed headlong into the German car industry and orders dried up almost overnight. By the end of 2008, the once proud matriarch was seen in tears on German television, leading employees in a demonstration to prod the government to bail out her hapless clan and save thousands of jobs. But given the Schaeffler Group's "greed is good" image, it was no surprise that Chancellor Angela Merkel said nein...
...facing a situation in which many countries now have banking systems that are too big to fail and also too big to be saved. If Ireland or Greece go bust, then there is already a commitment from the Germans and French to, one way or another, bail them out. But if you have to rescue on top of them Austria and Italy, Portugal and Spain, and Belgium and the Netherlands, then that is not going to be possible. I am still of the view that we can avoid a collapse of the monetary union, but this is really the very...
...good look. The ball bounced off the rim and headed towards the stands when Wittman recovered the rebound, calling for a controversial time out as he fell out of bounds. “We didn’t want to do anything that was going to bail them out,” Harvard coach Tommy Amaker said. “We wanted no silly fouls or anything like that.” The Big Red then had 3.9 seconds left to take a final shot. Cornell inbounded the ball to guard Louis Dale, who drove straight into Crimson freshman Keith...
While the U.S. has been debating how to bail out GM and Chrysler during the worst auto industry slump in decades, China has been scrambling to come up with its own rescue plan for its ailing carmakers. But unlike Washington, which is providing billions of dollars to prop up the balance sheets of the Detroit giants, China is taking a different route: it's trying to get consumers to buy more cars through a sales tax break and targeted subsidies for rural buyers...
...Last week, a Lebanese judge freed on bail three suspects who were arrested in 2005. However, four generals who headed state security organs at the time of Hariri?s murder are to be extradited to the Hague within the next month at Bellemare?s request. The four generals, including the once powerful head of General Security, have been in custody for the past three-and-a-half years...