Word: detroit
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...with 1800 jobs under threat. "There'll be restructuring and that's inevitable because we have overcapacity in Europe," Jörg Schrott, the spokesman for Opel and GM Europe tells TIME. "The overcapacity must be adjusted, but restructuring doesn't automatically mean job losses." (See pictures of Detroit's decline...
...that's not insanity, I don't know what is," says Toronto analyst Dennis DesRosiers with DesRosiers Automotive Consultants, referring to the ransomlike price GM demanded for its promise to maintain a share of its car and truck production north of Detroit. "This deal does more to get Obama reelected than it does to save jobs in Canada...
...Canada of restructuring GM to $9.5 billion, including $450 million in emergency funding already used by the car company, compared to $49.8 billion promised by the Obama Administration. In exchange Ottawa and the province of Ontario, where GM Canada has all its operations, receive a 12% stake in Detroit-based GM, representation on the new board and the promise to keep 16% of the struggling automaker's production in Canada as it restructures in coming months...
...TIME's portraits of Detroit's autoworkers...
...reach out to those who are different from you. You are among a small percentage of Americans who are _____ (college-educated, former students of Mrs. Edison, in charge of the prison system). Never forget that most people have had profoundly different life experiences from you, especially if _____ (they are Detroit Lions fans, they were in Mrs. Graham’s class, they were part of a prison gang). But there are ways to cut across all differences of race, class, upbringing, politics, or anything else. We all have shared experiences ____ (as sports fans, as people who learned fractions, as people...