Word: carlies
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...Bremen and Leipzig in Germany, Turin in Italy, Bilbao in Spain, and Saint-Etienne in France - were all industrial behemoths of the 19th century. Belfast and Bremen thrived through shipbuilding. Many of the world's knives, blades and cutlery came from Sheffield. Turin was famous for its car manufacturer Fiat. But from the 1970s onward, fortunes plummeted. As traditional industries folded, inner-city decay and suburban sprawl took hold, turning off prospective investors and keeping residents from putting down roots...
...credit unions located in frothy real estate regions have suffered - so far this year, 16 have been taken over by the NCUA - they have in general held up better than corporate credit unions. Some of the nation's 28 corporate credit unions moved heavily into securities tied to mortgages, car loans and credit cards. That means they are now racked by the sorts of write-downs plaguing commercial and investment banks...
...even the $15 billion installment isn't being handed over without some strings attached. In order to receive the funds, the Big Three will have to work with a so-called car czar, as well as a board made up of as many experts as the President deems fit (President Bush will handle the initial appointments, and there is some hope that Obama and Bush can agree on a car czar). By March 31 of next year, Detroit will have to lay out a schedule for how and when they will repay the funds as well as plans for their...
Pelosi was careful to underline that she expects the full $15 billion to be repaid by the end of March, meaning the car companies will either be forced to go it alone after that or, more likely, the Obama Administration will replace the $15 billion - plus the additional funds the car companies say they need - with money from the TARP, the Treasury or the Federal Reserve. In fact, the bill has language specifically authorizing the President to take money from the TARP, a provision the Bush Administration - which has steadfastly opposed using such funds for the automakers - has presumably chosen...
...effort to ease congestion, the Massachusetts Bay Transit Authority is introducing a pilot program that will leave few to no seats in the middle two cars of a six-car Red Line train. Beginning today, these high-capacity “Big Red” cars will hold an additional 28 passengers per car, increasing capacity by about 10 percent, MBTA spokesperson Lydia M. Rivera said. She said that the MBTA has equipped the new cars with additional straps and hand rails for customers to hold onto while riding. Only one train with Big Red cars will be in service...