Word: cashed
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...Theodor zu Guttenberg jets into Washington this Sunday he plans on asking some tough questions. Germany's new Economy Minister is due to meet U.S. Treasury Secretary Timothy Geithner and bosses at embattled American carmaker General Motors. Opel, a Germany-based division of GM, is fast running out of cash and GM and Opel bosses recently went cap in hand to Berlin to ask for $4.25 billion in state aid. In return, GM say they will restructure Opel by cutting costs and loosening the company's ties with the parent company in Detroit. Opel would become an autonomous legal entity...
...plans have terrified Opel's 26,000 workers in Germany. Over the past month, rumors of mass layoffs and plant closures have been swirling in the German media. Union leaders are clamoring for a quick decision on the bailout. But Chancellor Angela Merkel's government wants guarantees that any cash that it doles out will not flow back to GM's embattled operations in the U.S., or go down the drain if GM goes bust. (Read a TIME story on Germany's auto industry...
...course, the price is right, particularly for the suddenly cash-strapped families who in recent years coughed up extravagant sums for private tutoring. Laura Wilson, founder of WilsonDailyPrep, based in wealthy Chappaqua, N.Y., says she regularly gets calls from parents who had signed their children up for private tutoring but are now hoping to scale back. Many are choosing to fill in the gaps through the online program Wilson launched in October, which already boasts 470 students. Parents are also turning to Academic Approach, which has ramped up its online program within the last year: "They're coming back...
...rebuilt car will not buy a new car is that dealerships are empty, as empty as graveyards at midnight. Offering to refurbish cars at a fair price will bring in a lot of customers. Most of those people will at least look at the new models. With $5,000 cash back and 0% financing for a decade, some of those customers will trade in what they have and leave with the latest model. Right now, those potential buyers won't set foot in a dealership. Once their warranties are up, they will go to the least expensive mechanic with...
Could marijuana be the answer to the economic misery facing California? Democratic state assemblyman Tom Ammiano thinks so. Ammiano introduced legislation last month that would legalize pot and allow the state to regulate and tax its sale - a move that could mean billions of dollars for the cash-strapped state. Pot is, after all, California's biggest cash crop, responsible for $14 billion a year in sales, dwarfing the state's second largest agricultural commodity - milk and cream - which brings in $7.3 billion a year, according to the most recent USDA statistics. The state's tax collectors estimate the bill...