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...most realms, in fact, the return to normality is under way. Banks are paying back TARP funds. Cash for Clunkers has faded into the sunset. The chairman of the Federal Reserve Board has declared the recession over, and home prices are inching upward...
...Another risk: GM CEO Fritz Henderson is under pressure from GM's new board of directors to turn around the company's fortunes quickly, and he has indicated the automaker is prepared to drop Hummer if it can't finish the deal relatively soon. "If it doesn't get sold, we'll close it," says a GM official. (See the best cars from the 2009 Detroit auto show...
...study also notes that the Hummer brand has produced an intense backlash, including one Internet site where people have posted thousands of photographs of middle fingers directed at Hummer vehicles and their drivers. "I think GM's board should kill Hummer," says Dan Becker, director of the Safe Climate Campaign at the Center for Auto Safety and a Hummer critic...
...name of short-term profiteering is at the root of the trouble. For all the recent signs of improvement, the financial situation is still far from normal. Some huge financial institutions, from AIG to Royal Bank of Scotland, remain on government life support. Jürgen Stark, a board member of the European Central Bank (ECB), recently estimated that financial institutions operating in Europe alone are facing total losses of around $650 billion between 2007 and 2010 - and have so far written down less than half of that amount in their books. "There is no room for complacency," he said...
...report, the College plans to merge the student-faculty committees on House Life and College Life, whose jurisdiction often overlapped, into the Committee on Student Life.“There is a parallelism there,” said Hysen, who is also on The Crimson’s IT board, of the new structure. “There are nice lines between the UC’s committees, the student-faculty committees, and the College offices...that was one of the big goals of the Dowling Report.”The report also recommended that the student-faculty committees...