Word: bailouts
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Many Americans have come to share that view, thinking of GM as a rusted, doomed giant that will never recover from decades of bad cars and better foreign competition. President George W. Bush said as much in JanuaryDetroit needs to build "relevant" cars. (Message to GM: Forget about a bailout.) But now that Lutz is looking at things from inside GM, he's telling a different story--and has some evidence to back it up. He likes to reel off the names of new GM models earning solid reviews, notably the Chevy HHR, Buick Lucerne and Saturn...
...basis of their study of IRS filings, Allen and Harris found $344.4 million in Opus assets in the U.S. and roughly estimate a global total of $2.8 billion. If correct, that sum approximates Duke University's endowment, yet is hardly Vatican bailout money. But those figures are only part of the picture. Opus members and its sympathizers, known as "cooperators," can be very generous, and their funds hard to track. Allen's research suggests that a most likely unexpected $60 million gift (a hefty portion of its total U.S. assets) financed much of the Manhattan building. Longlea, the group...
DIED. G. WILLIAM MILLER, 81, indefatigably optimistic Federal Reserve Chairman, then Treasury Secretary, during the Carter Administration who battled inflation and engineered the 1979 government bailout that saved carmaker Chrysler from bankruptcy; in Washington...
...would have to wait until recesses, making it harder to convert last night's donation into tomorrow's amendment. By lightening schedules, a ban would improve lawmakers' lives but flatten the capital's vast catering and events economy. Still, quipped a Midwestern lawmaker, "it would be the best airline bailout we could ever pass," since more fund raisers would take place out of town. Chance of passage...
...backed dairy price supports at the behest of his constituents, not because a lobbyist with a fat campaign check had persuaded him. Proxmire eventually became somewhat of a Senate baron himself, chairing the Banking Committee for six years, where he first opposed then eventually backed a federal bailout for New York City. He surprised us when he announced in the fall of 1988 that he was resigning. He later confided that he wanted to leave at his physical and mental peak, not hang around past his prime as he'd seen other Senate old-timers do. That made his Alzheimer...