Word: bailouts
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...more balanced portfolio that also emphasizes smaller and more fuel-efficient vehicles here in the U.S.," Mulally said. "By the end of 2010, two-thirds of our spending here will be on cars and crossovers - up from one-half today." So if Congress doesn't pass an auto bailout plan, Ford could actually prosper by not failing. (See the 50 worst cars of all time...
...expect a federal bailout of boomers, because delayed retirement is seen as a good thing by many policy analysts. "If people continue to work between two and four years longer, they will be better off financially and as a country we will be better of fiscally," says Marc Freedman, CEO of Civic Ventures, a think tank focused on aging. A November study from the McKinsey Global Institute (MGI) titled "Why Baby Boomers Will Need to Work Longer" finds that having a workforce that continues a few years beyond the traditional retirement age is the only way for boomers to prevent...
...Although they have presided over the largest expansion of U.S. government since the Johnson Administration, the GOP has apparently reached its line in the sand when it comes to economic bailouts. Senate majority leader Harry Reid introduced legislation on Monday that asked for $25 billion of the $700 billion bailout fund Congress approved in September to be redirected for use by General Motors, Ford and Chrysler in the hopes of helping the faltering industry avoid going under. Republicans immediately balked at the idea...
...Still, there were two key differences then: Hoover was actually eager to work with Roosevelt, while Bush has little interest in helping Obama push through an auto-industry bailout. Also, Roosevelt's Inauguration was not until March 4, while Obama's is set for Jan. 20. "That was a much longer period in which the Depression and other things went on," Hess says. "So the delay was much more serious. Whatever happens now, they're just postponing things for a few weeks...
...billion? "They would cover payroll and hope things get better," says Alan White, an investment specialist at University of Toronto's Rotman School of Management. As a result, critics warn Ottawa and the Ontario provincial government against throwing good money after bad. "If there's a government bailout it will be helping companies at the center of losing jobs, and punishing companies who have created jobs," says veteran Canadian analyst Dennis DesRosiers of DesRosiers Automotive Consultants. The Detroit Three and their supplies have lost 55,000 jobs in Canada since 2000, compared with 40,000 jobs created by the Canadian...