Word: coverable
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What would Canada's Detroit Three, who export about 85% of their production south, do with a cash infusion - by some estimates anywhere from $2 billion to $4.3-billion? "They would cover payroll and hope things get better," says Alan White, an investment specialist at University of Toronto's Rotman School of Management. As a result, critics warn Ottawa and the Ontario provincial government against throwing good money after bad. "If there's a government bailout it will be helping companies at the center of losing jobs, and punishing companies who have created jobs," says veteran Canadian analyst Dennis DesRosiers...
...McWhirter quit editing the book in the mid-1980s). Record holders receive certificates from Guinness, though not all records are selected for inclusion in the book, which receives some 65,000 record claims every year. Rights to the book, which has evolved from an almanac into a glossy, hard-cover item replete with a holographic cover, 3D images and a gatefold, were acquired in February by the Jim Pattison Group, a conglomerate that also owns "Ripley's Believe...
With speculators' positions massively leveraged, holding only a fraction of the value of the oil they had purchased, they scrambled to cover losses. Not only did oil prices go down, but other assets also declined significantly. The further oil prices went down, the more deleveraging and liquidation had to occur to cover these losses. The financial crisis was the spark; deleveraging, the fuel. A chain reaction occurred as traders who had bought oil saw their money disappear in oil and other losing investments. And with a credit crisis looming, major players interested in maintaining a long position could not raise...
...LATEST COVER STORY The Whistle Blowers Partnership: Bush & Cheney Crusader: Eliot Spitzer December 30, 2002 Issue Past Issues Forecast 2003 Dec. 23, 2002 ----------------- Burma's Drug Army Dec. 16, 2002 ----------------- Diabetes Dec. 9, 2002 ----------------- Lure of the Rings Dec. 2, 2002 ----------------- Bali Bomb Suspects Nov. 25, 2002 ----------------- Yao Ming Nov. 18, 2002 ----------------- China Culture Nov. 11, 2002 ----------------- North Korea Nov. 4, 2002 ----------------- After Bali Oct. 28, 2002 ----------------- Tadanobu Asano Oct. 21, 2002 ----------------- China's Most Wanted Oct. 14, 2002 ----------------- Headache Prevention Oct. 7, 2002 ----------------- Asia's AIDS Crisis Sep. 30, 2002 ----------------- China's New Rich...
...Read a TIME cover story on Atat...