Word: carlies
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...people go back to basics they'll start to see that. You have a job and then you don't even make enough for the s--- you even own. You don't even get the pride of saying I have this job and because of it I have this car. I have this job and because of it I have custody of this car but the bank is paying somebody else for, and if they ever come calling I'm gonna go to jail. It's really a s--- life I think we're living right now. I feel...
...that if his company is allowed to go into Chapter 11, it will end up being a simple liquidation. GM will be torn into pieces and sold off as scrap. He made one good point to support his point of view. If a bankruptcy of the No. 1 U.S. car company drags on for several months, potential auto buyers will purchase vehicles from competitors that they view as being "safe". No one wants to buy a car that won't be serviced. Wagoner has made this point before, but it is more compelling now that the deadline for the government...
...Congress. Henry Paulson and his associates were led to believe, perhaps rightly, that if AIG failed it would cost other financial companies so significantly that the government would have to bailout almost every large financial firm in the country. GM's argument is even simpler. A liquidation of the car firm would probably cost tens of thousands of jobs at the company, and many times that at suppliers. That argument is also old, but with the chance of liquidation in the next few months becoming more likely, it refreshes the strength of the logic. (See pictures of automakers...
...history of the electric car...
...parlance of the U.S. Army, a hand-grenade explosion is a "significant act." So are small arms fire, improvised explosive device detonation and car bombs. The daily number of "sig acts," as the soldiers call them, is sometimes used as a metric to measure progress or regression in the counter-insurgency effort in Iraq. The definition of a sig act, however, is not fixed. According to some soldiers, some sig acts today (those without fatalities, say) never would have been considered as such a year or two ago. And the value of the metric is a matter of contention, even...