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...stern." For the swap to take place 90% of the bondholders must accept the offer. If that percentage is not met, GM will file bankruptcy. Many Wall Streeters believe the prospects for such a major swap of GM stock for debt are dubious since bondholders expect to fare better in bankruptcy. Some bondholders are said to have positioned themselves for a bankruptcy filing by buying credit default swaps, which would pay off if GM filed for Chapter...
...there is no single solution appropriate for all uses," says Adrian Ludwig, group manager for the Adobe Flash platform. Note that Ludwig doesn't believe that the browser will disappear. It's just that other tools that draw from the data on the Web will turn out to be better ways to deliver that information than simple websites...
There's no better place to ask such questions than in Britain, where the culture of alcohol and inappropriate sex is so ingrained that it is subjected to rigorous academic inquiry. Recently, a pair of research psychologists - Vincent Egan of the University of Leicester and Giray Cordan of the University of Exeter - completed a survey of 240 subjects, half of whom had been drinking, to find out how drinkers and nondrinkers experience attraction. What they found was interesting, if a bit creepy. (Learn about addiction and the brain...
...drunk to notice that a girl was underage are probably lying, since drunkenness doesn't have much to do with one's ability to estimate age or attractiveness. But that raises a disturbing conclusion: you don't have to be drunk to think the girl next door looks better than your wife. It may be wired into your genes...
...fact that Mexico has apparently been grappling with swine flu for weeks longer than the U.S. As doctors across the U.S. begin checking patients with respiratory symptoms for swine flu, CDC officials expect to see more severe cases in the U.S. as well - and as better epidemiological work is done in Mexico, we'll probably hear about more mild cases there too. Right now, however, the true severity of the H1N1 swine flu virus is still an open question, whose answer could change over time. The 1918 Spanish flu pandemic began with a fairly mild wave of infections...