Word: carlies
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Several GM board members have served since the late 1990s, so they have seen enough of the history of the car industry to know that oil does not stay cheap forever. Two of the longer serving members on the Ford board are members of the founding family. They could hardly have missed the lessons of the early 1970s oil crisis...
...car companies still had to compete with bicycle manufacturers. The auto business is tough enough already...
...book The Audacity of Hope, Barack Obama offered a paean to the glories of flying on private jets. He lovingly described his first trip on a Citation X: "The plane took off, its Rolls-Royce engines gripping the air the way a well-made sports car grips the road ... I could see how people might get used to this." The punch line of the story was that Obama's staff asked him to give up the practice, which was legal, because he was the Democrats' Senate point man on ethics reform. "It was the right thing...
...Health and Human Services told close associates the session had gone well. Daschle said privately that it looked as though he would weather the controversy that had begun with revelations that he had failed to pay $128,000 in taxes, most of which arose from his use of a car and driver provided to him by a private-equity firm for which he had consulted...
...political winds, withdrew his name from consideration for the Cabinet post. Several editorial pages - including the New York Times's - had called on him to withdraw. And there was a new allegation, reported by Politico, that Daschle had recommended the very businessman who had supplied him with the car service for two Cabinet posts in the Obama Administration. As one close adviser put it, the case for Daschle had "appreciably deteriorated from 24 hours ago." (See who's who in Obama's White House...