Word: failed
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Dates: during 2000-2009
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...they're going to have to fold into one of those four groups," says Exane BNP Paribas' Van Klaveren. Scandinavian Airlines (SAS), for one, "will survive 2009, but I doubt it can survive 2010 on its own," he says. And while banks or carmakers can be too big to fail, "the days of every country in Europe having their own national airline are gone...
...While U.S. automobile companies have some responsibility for their current predicament, the U.S. Treasury and Federal Reserve have unclean hands as well. Each of the car companies had adequate capital entering the fall, but when Treasury and the Fed "brought down the house" by letting Lehman Brothers fail, worldwide credit markets froze, preventing Americans from buying cars, since most people use loans or leases to do so. Financial markets and the lack of available consumer credit - not a lack of appealing car designs - are the reasons for this crisis, and piling the blame on Detroit is simply not balanced. Steven...
...quickly received about twice as much as the Big Three are asking for? In both cases, awful management created the need for a bailout, but suddenly Congress is getting a conscience about spending our money? Yes, one might say that financial companies are more important, but letting automakers fail could push a bad recession into a depression. Jason Toney, Pittsburgh, Pennsylvania...
Batista's Dec. 10 kidnapping seems to point to a likely source of that scared life: Mexican police. Not because they fail to catch the kidnappers but because they often are the kidnappers. Sometimes narco-criminals, especially the notorious Zetas gang, do the deed; but since Mexico's abduction spree began more than a decade ago, cops have almost always been involved (as they often are in narco-related crime as well). Federal police officers who allegedly form a kidnapping gang called La Banda de la Flor (the Flower Gang) were recently arrested in the case of Marti, whose decomposed...
...quickly received about twice as much as the Big Three are asking for? In both cases, awful management created the need for a bailout, but suddenly Congress is getting a conscience about spending our money? Yes, one might say that financial companies are more important, but letting automakers fail could push a bad recession into a depression. Jason Toney, PITTSBURGH...