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...have already been fired; the latest victim, Sacramento's Reggie Theus, just got the news on Monday. That's a new record for axings before Christmas. The other casualties include Sam Mitchell, the 2006-07 NBA Coach of the Year for the Toronto Raptors, fired by the club on Dec. 3; Maurice Cheeks, the beloved ex-champion point guard for the Philadelphia 76ers, canned by the Sixers last weekend despite winning widespread admiration for turning Philly into a playoff team a year ago; Eddie Jordan, the first coach in 28 years to lead the Washington Wizards to four straight playoff...
With regard to TIME's COVER story, I have no sympathy for the Big Three automakers [Dec. 15]. For decades, Ford, General Motors and Chrysler fiercely opposed corporate restructuring and green technology while egregiously mismanaging their businesses. The only reason they've recently gotten religion is that they're teetering on the verge of bankruptcy. Mark Stuart Ellison, BROOKLYN...
...make money in the stock market this year hasn't heard of Emergent BioSolutions. While broad indexes are off some 40% since Jan. 1, Emergent, which makes anthrax vaccines and is broadening into flu shots, is up 376%, to $24.11. Emergent is the top-returning stock in 2008 (through Dec. 12), according to an analysis done for TIME by Thomson Reuters Datastream. And Emergent isn't the only company that's been pleasing shareholders. This probably isn't going to make you feel any better about your brokerage account, but in the Russell 3,000, a broad-based index that...
...Dec. 16, "Cambridge Pensions Relatively Robust," misstated the title of Louis A. Depasquale. He is the assistant city manager for fiscal affairs, not the budget director...
Thailand's Democrat Party hasn't won a popular national election in more than a decade. But on Dec. 15, Abhisit Vejjajiva, the 44-year-old leader of the oldest Thai political party, was chosen in a slender majority by the country's parliament as the nation's fifth Prime Minister in a year. Beleaguered Thais hope that his leadership will put an end to a turbulent few years during which one PM was deposed in an army coup and a sustained anti-government protest movement ended in the removal of three others, as well as the takeover and closure...