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...good it did him. On June 5, Rio Tinto told Chinalco that their deal would not go through after all. It would, instead, float a rights issue to raise money needed to pay down a massive debt load, as well as enter into a joint venture with BHP Billiton - the mining giant that last year tried to buy Rio outright. Xiong, in a statement issued by Chinalco, simply said he was "disappointed" at the outcome...
...after GM filed for Chapter 11 bankruptcy protection. The U.S. automaker says the sale of Hummer, which GM valued at $500 million, should allow it to preserve more than 3,000 American jobs. Tengzhong says it plans to maintain Hummer's existing senior management team and will enter into long-term assembly and supply agreements with GM. (Read "China's Auto Bailout Takes a Different Route...
...meeting, according to Gen Ed committee members, Stock shifted impatiently in his chair and said he had to meet with an important Federal Reserve official within the hour, and he expected that Ec10 would get approved before he left. Ec10 did not enter Gen Ed so easily. The same back-and-forth between the Gen Ed committee and the Economics department dragged on through the spring, without reaching a resolution until the summer—when some of the committee was not aware and did not have a say. FAS Dean Michael D. Smith said in a recent interview that...
...want to serve, but it’s frightening because our current system doesn’t always give people the opportunity to serve.” Kennedy School Professor Robert I. Rotberg agreed that the federal government would benefit from an increased number of talented students entering the public sector. “I hope people pay attention and they get developed,” Rotberg said of Ellwood’s suggestions. The number of 2009 Kennedy School graduates who plan to enter the private sector is not yet available, Ellwood said. According to Rotberg, more Kennedy School...
...Israel now allows only 30 to 40 commercial items to enter Gaza, compared to 4,000 approved products prior to June 2006. According to the Israeli journalist Amira Hass, Gazans still are denied many commodities (a policy in effect long before the December assault): building materials (including wood for windows and doors), electrical appliances (such as refrigerators and washing machines), spare parts for cars and machines, fabrics, threads, needles, candles, matches, mattresses, sheets, blankets, cutlery, crockery, cups, glasses, musical instruments, books, tea, coffee, sausages, semolina, chocolate, sesame seeds, nuts, milk products in large packages, most baking products, light bulbs, crayons...