Word: cutting
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...been under pressure from the government's auto task force to cut brands, and Pontiac, one of the brands sacrificed as GM restructured, was a big customer of the NUMMI facility. Toyota pleaded with GM to stay in the venture and offered to build other vehicles at the plant for GM, but to no avail...
...sustained over the past 15 months. It lost $7 billion during its last fiscal year, and more red ink is flowing this year. And the recession and the drop in auto sales in the U.S. saddled Toyota with excess capacity in the U.S., leaving it little choice but to cut production, says David Cole of the Center for Automotive Research in Ann Arbor, Mich. (Read "GM and Germany Still Wrangling Over Opel...
...shrewd and effective a pol as he was, Kennedy would probably have been the first to tell you not to count on it. When lawmakers cut their deals and cast their votes, it is rarely with another politician's legacy in mind. If anything, Kennedy's death has made the prospects for the bill dicier, because it has deprived Senate Democrats of the 60th vote they would need to block a filibuster (assuming everyone else in the Democratic caucus voted as a bloc, which is far from certain). (See pictures of the lion of the Senate, Ted Kennedy...
...their employers do not provide it (and the proposed employer mandate to require most employers to provide it is one of the things most likely to be jettisoned). Making an individual mandate work requires subsidizing people who could not buy insurance on their own, and that is expensive. Cut the subsidies and the mandate back too far, and insurance companies - deprived of the millions of new paying customers promised under broader proposals - could end their support of the deal, which would include new requirements that they sell affordable policies to people with pre-existing conditions...
Edward Kennedy, it can be said, was not cut out for the priestly life. His first marriage, to former model Virginia Joan Bennett, ended in divorce in 1982, with the marriage annulled by the Roman Rota more than a decade later. And there are the infamous episodes in his life that showed a man not quite in control of his demons. But ultimately, beyond his personal travails, Kennedy's relationship with the Church hierarchy was destined for conflict because of politics. The Senator became both the face and the engine of the liberal wing of the Democratic Party that...