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...Overall industry sales dropped 35% in November. Ford actually beat the industry, reporting a sales drop of 30% but GM reported a 41% drop and Chrysler's fell 42%. Nissan's sales dropped 44%, Toyota fell 35% and Honda fell a similar amount. "We cannot continue to operate at these levels or the entire industry is going to go down," said Mike DiGiovanni, GM's director of market analysis, who acknowledged the steep drop in sales in October and November was devastating to the company's finances...
...telling how students’ experiences could be affected without them—or the hundreds of more invisible Harvard workers. Directly or indirectly, the budget crunch will harm student life, but it shouldn’t ruin a staffer’s in the process.Unfortunately, FAS cannot rule out layoffs to inch closer to the $200 million mark. The question for students is how to weigh them against our concerns—and the only answer is equally. The administration will probably need to delay progress in Allston; housing renovations may not happen as quickly as we would like...
...firsts” during the roadtrip experience. The biggest of such moments came when the snow began to come down outside of Syracuse, something that can turn a leisurely six hour drive beside pastoral farms into a 10 mile-per-hour crawl down a road where you cannot even identify the lane in which you’re driving. Encountering one of Central New York’s lake effect snowstorms still could not steal the fun away, because it is easy to look past the delay when your partner’s gets the opportunity to driving...
...European Union summit, which has been scheduled to open in Lyon today. China stunned E.U. officials last week by announcing that its delegation of more than 150 political and business leaders would stay at home because, in the words of China's Foreign Ministry spokesman Qin Gang, "the summit cannot be held in a sound atmosphere, nor can it achieve expected goals." The reason? The French President's plan to meet with Tibetan spiritual leader Dalai Lama on December 6 as part of an event honoring fellow Nobel peace prize winner Solidarity leader Lech Walesa in Poland.(See pictures...
...much more daunting challenge facing India's leaders, though, is one that cannot be solved by pointing fingers. The audacity of the strike against Mumbai's ritziest neighborhood and the carnage that ensued have exposed troubling holes not only in India's security apparatus but also in whole realms of domestic governance, from its leaky immigration policy to how municipalities are funded to how its minorities are treated. That requires the sort of earnest, thankless hard work few governments can muster, especially while campaigning for elections. Meanwhile, India's public is fuming. "Today," says hotelier Ahmed almost shaking with rage...