Word: detroit
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...ripple out to suppliers in the event that a judge voids some of their receivables, another several thousand jobs could be at stake. Then there are several amorphous estimates about people who work in fields related to the car companies. That could be industries as diverse as restaurants in Detroit and airline that fly there. It is probably safe to say that close to a million jobs are in jeopardy if the two car companies lose their independence. (See pictures of Detroit's decline...
...million jobs lost in Detroit would also cut deeply into the receipts that the IRS is forecasting over the next year. That puts the revenue projections in the budget at real risk...
...outreach program is already underway. Earlier this month, the CIA's third highest-ranking official, Scott White, held meetings with leaders of the Arab-American and Chaldean-American communities in Detroit. "In communities with large numbers of first- and second-generation Americans, we want the message conveyed loud and clear that we welcome their interest in employment with the agency, especially given their language skills and knowledge of other cultures," says Little...
...best cars from the 2009 Detroit Auto Show...
...debut of the world's least expensive car comes at a time when the entire auto industry is in crisis. Demand for vehicles has plunged with the global recession, hobbling two of Detroit's giants, GM and Chrysler. Even Toyota, the model of a modern car company, is facing its first operating loss in decades. Tata Motors, India's largest automaker, is not immune. Sales of its commercial vehicles and cars have slumped, and debt from the company's purchase last year of luxury brands Jaguar and Land Rover is weighing on Tata Motors' balance sheet. Tata argues that...