Word: baile
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...will miss 2008. Stock markets tanked. Government budgets bled as billions went to bail out banks. Thousands lost their jobs or their homes, or both. Yet amid the gloom there was one reason to celebrate as the year ended: filling your car with gas got cheaper with each day. After hitting a high of $147 a barrel in July, world oil prices have crashed to their lowest levels since 2004. By Jan. 7 the cost of oil for February delivery was around $43 a barrel - less than half the price of a year earlier. Goldman Sachs last month predicted that...
...those who see politics as a chess game for scoundrels, it was all great fun. Free on bail, refusing to resign, brassy Blago had turned the tables on rectitudinous Reid. In Illinois a person is governor until proved guilty, and some legal scholars opined that Burris had the bona fides even if they were issued by a character out of The Sopranos. Within hours, Senate Rules Committee chair Dianne Feinstein broke with Reid, calling for Burris to join the club. The Senate leader, out on a limb that his comrades were sawing off, soon softened his opposition. "[Bleep]ing golden...
...thermometer of globalization," says Baccelli. "It allows us to take the broadest view of the health of the worldwide economy." Global trade is expected to fall 2.1% in 2009, according to the World Bank. The coming months will show whether shippers, and the world, will be able to bail fast enough to stay afloat...
...convenient American stereotype: Detroit makes cars, Dixie races them. But as the entire tortured debate in Washington over whether to bail out the ailing U.S. auto industry has shown, that distinction is as tired and broken as the Big Three's business models. In fact, the political game of chicken that ended Friday with President Bush announcing a temporary $17 billion aid package for GM and Chrysler to stave off the immediate threat of bankruptcy has shown the rest of the country what the South has known for years: led by foreign carmakers like Toyota and Mercedes-Benz, Dixie...
...seven weeks since Obama's victory, the President-elect has proven to be more of a pragmatist than labor envisioned. From his podium in Chicago during the debate over whether to bail out the Big Three automakers, Obama has been critical of the United Auto Workers, arguing that the union must be willing to grant concessions on its workers' hard-fought wages and benefits. Labor has also been disappointed by some of Obama's initial appointments. Rep. Xavier Becerra of California turned down the job of U.S. Trade Representative because, he told a radio station, he felt overhauling trade agreements...