Word: disasterous
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The reason GM Mexico has remained profitable while mounting losses have pushed the parent company's U.S., Canadian and European operations to the brink of disaster boils down to the lower cost of doing business in Mexico. GM and other automakers, including Ford and Chrysler, have managed to keep the...
"What Europe should do is follow the U.S. method of banning all airlines from countries whose civil aviation officials don't enforce international security standards," Hubert argues. "Targeting individual carriers is often overly subjective, and inefficient in remedying the original problem of insufficient oversight by national aviation authorities." The E.U...
One big upside is likely to be a reduction in the number of people who default on their student loans, a financial disaster that can destroy credit ratings and hike up interest rates on future loans. "In this economic recession, a lot of students are having a difficult time just...
You never see them, but they're with you every time you fly. They record where you're going, how fast you're traveling and whether everything on your airplane is functioning normally. Their ability to withstand almost any disaster makes them seem like something out of a comic book...
Iraq remains enormously tantalizing for Big Oil, whose prospects for tapping huge new fields around the world are shrinking. The country's 115 billion barrels in proven reserves, most of it untapped, make it perhaps the last major oil territory yet to be spoken for. Engineers recently estimated that there...