Word: closing
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Dates: during 2000-2009
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...approaching levels not seen since the early 1980's. Also obscured by the elation was the important disclosure that the average American household lost 18% of its net worth last year. Since that process has obviously continued in the first two months of this year, that number could be close to 25%. At its core, the information is a considerable warning that the ability of Americans to become consumers again is still severely compromised. It is another clear sign that the balance sheets of large financial firms which have exposure to mortgages or any type of consumer credit are likely...
Chrysler LLC has warned the Canadian government and the Canadian Auto Workers (CAW) union that it will close its assembly operations north of the border unless it gets $2.3 billion in loans from Ottawa, a 25% reduction in labor costs and a waiver on more than $1 billion in taxes owed...
Despite LaSorda's tough talk, questions are being raised about whether the Windsor native, whose father was a CAW representative at one of the plants he's threatening to close, might be playing the biggest bluff of his career. It seems hard to imagine Chrysler turning its back on the billions it has invested in Canada, and more than 9,000 employees. That LaSorda is even discussing it, though, is a measure of how desperate the times are for automakers. "I'm hoping it's a bluff," says the CAW's Lewenza, "but I've seen this company mothball plants...
Rove, Karl • disturbingly close-up interview about Twitter with...
...OZAWA: It is quite natural to say that the two countries have to pursue a very close relationship in the area of national security. If Japan is exposed to any kind of military attack, we can exercise our right to self-defense, and also, according to the terms of the Japan-U.S. Security Treaty, we can request assistance from the United States. In other words, it is only in such a case that we can exercise our right to defense, whether individually or collectively...