Word: electicity
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...first visit to the White House, President-elect Barack Obama asked President George W. Bush to support giving some aid to the tanking auto industry but was rebuffed. A month ago, the proposal might have received serious consideration, but the atmosphere inside the Administration has changed now that the most dangerous part of the crisis appears to have passed. "There wasn't much of a debate" among Bush's top economic advisers about using part of the bailout money to help automakers, says a senior Treasury Department official. Of the first $350 billion released by Congress last month under...
...balance sheets. The difference is that in Canada the heads of the Detroit Three have left it to the CAW and the Auto Parts Manufacturers' Association to take the lead on a government bailout. "Obama is going to protect U.S. jobs," says CAW president Ken Lewenza, referring to President-elect Barack Obama. "The Canadian government has to play an active role or it could be left out in the cold manufacturing nothing...
...November 4, Americans did not just elect their fifth-youngest president; In Grafton County, N.H., a junior at Dartmouth College defeated a three-term county treasurer. At 20 years old, Vanessa Sievers may be the United States’ youngest county treasurer in over 130 years, and her election sets an example for participation in local politics, and for college students particularly. It’s too often assumed that age is a prerequisite for getting involved in politics. But as history shows, older candidates aren’t necessarily the most qualified. Nor are they the most likely...
...fresh look at the wisdom of pumping $10 billion annually into missile defense aren't going to get it from Barack Obama when he moves into the Oval Office. The Russians - along with the two men most likely to end up running the Pentagon for the President-elect - have already made sure of that. It's a bracing reminder of just how difficult it is to counter momentum once a big-league defense program achieves what aerodynamicists call "escape velocity" - that synergy of speed and gravity that lets a vehicle soar smoothly into the skies...
...week. Many of the students had come to school Wednesday after going to the voting booths with their parents, while others had stayed out late to listen to Obama's victory speech broadcast over loudspeakers near 125th Street. That same day they wrote letters to the president-elect. "I want to change things, too", wrote Fortune Nbumbo, 7. Tatiana Jones, 9, told Obama, "You open the door not just for me, but for everybody." For the students at FLI, the definition of leadership is clearer than it's ever been, and the playing field, even if it's a patch...