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...lacocca flew off to Japan last week aboard his company's Gulfstream II. The first objective was Mitsubishi Motors, with which Chrysler has for some time wanted to set up joint production in the U.S. lacocca and Mitsubishi President Toyoo Tate announced that the companies in 1988 will begin making a small car in a plant to be built in the Midwest or South. The project will cost $500 million, turn out 180,000 cars a year, employ 2,500 autoworkers and create as many as 8,800 jobs among U.S. suppliers...
...Nevada Democrat said that while he welcomed talk of a compromise, he was considering expanding the filibuster threat to include Bush's pick to be U.N. Ambassador, John Bolton, whose confirmation hearings begin this week. "We might filibuster him," Reid told TIME. And he added another name to the list of those who might be talked to death: Stephen Johnson, whose nomination to head the Environmental Protection Agency has drawn fire from California Senator Barbara Boxer over a pesticide-testing program involving children...
Consider it a sign of the times that Chinese Premier Wen Jiabao chose to begin his trip to India last Saturday with a visit to the high-tech haven of Bangalore before traveling to New Delhi to talk politics. High-tech and business, naturally enough, are at the top of the agenda for this encounter between leaders of the world's emerging economic superpowers. Indians hope their Prime Minister Manmohan Singh can agree with Wen on ways to boost trade between the two countries and can reduce competition with China over access to the energy resources both nations need...
...Angeles to attend the event and watch his sister, a current student at the Harvard Medical School, perform. His mother, who had been part of the first cohort of Native Americans to study at Harvard again in the early 1970s, also flew in from San Francisco to witness Harvard begin to become the “place it was meant...
...trying to legislate Europe's gas and electric suppliers into a single competitive market, the European Commission last week laid out its tool kit, ready to dismantle the faulty parts. The E.C.'s competition director general Philip Lowe announced that an investigation into Europe's energy markets would begin next month. Their goal: to find out why liberalization laws have done little to lower prices or loosen the grip of many incumbent operators across the Continent. Industrial customers, in theory, have the right to choose their supplier, and by 2007 all consumers should be able to do the same...