Word: depending
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Sure, liquidators can seem ghoulish - after all, they depend on companies to perish. And the job doesn't sound dignified or sexy. But it surely pays these days; the going-out-of-business business is booming. Circuit City, which announced its shutdown last week after filing for bankruptcy in November, is the latest prime catch. The four liquidation firms that scored the Circuit City contract - it's too big for one company to handle - must clear $1.7 billion worth of merchandise out of 567 stores nationwide. (See the top 10 financial collapses...
...Chrysler is forced to declare bankruptcy, Fiat would be protected from losses and might even be able to acquire American assets at favorable prices in the shakeout. A senior Fiat official calls Tuesday's signature "just a start," noting that much will depend on how the U.S. auto bailout proceeds under the new Obama Administration. "This is still far from a done deal," says the official. "We've already said that with the current situation in world markets, there needs to be major consolidation in the car business, and as we've shown today, we'd like to be part...
...biggest gains were posted by smaller parties like the FDP, the Greens and the Left. In such turbulent times, voters might be expected to turn out in their droves. But voter participation in Hesse was only 61%, the lowest turnout ever recorded in the state. "The federal election will depend on which parties can mobilize voters but for the moment only the small parties are doing so - especially the FDP and the Greens," said Peter Lösche, an SPD expert and political scientist...
...Bush clearly had these examples in mind as he wove an inventory of the familiar American virtues into the fabric of his urgent priorities. "In the 21st century," he said, "security and prosperity at home depend on the expansion of liberty abroad." This was one more formulation of Bush's central philosophy, which he said is threatened by the rise of an isolationist and protectionist mood. "If America does not lead the cause of freedom," he continued, "that cause will...
...never completed those levees around New Orleans. Now the stimulus could include forward-looking efforts to help rebuild the city's natural and man-made defenses - or more-of-the-same projects that would increase the risk of another expensive as well as tragic catastrophe. It will depend on who is calling the shots...