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...post-Senate career, Daschle has worked on healthcare policy issues and been employed by lobbying firm Alston & Bird, which he joined after being recruited by another former senator, Robert Dole...
...pitfalls in their efforts to overhaul the U.S. healthcare system. But Daschle also brings to the job the Midwestern manners that made him a likable personality on Capitol Hill. Since leaving the Senate in 2004, Tom Daschle has maintained close ties to Washington, as an employee of a lobbying firm, healthcare policy expert and an early adviser to the Obama campaign. (See TIME's Top 10 Political Photos...
...friends in the Senate, and I've got a lot of friends in the Senate." - Robert Dole, former senator, on Daschle taking a job at lobbying firm Aston & Bird, where Dole also worked, Washington Post March...
...hottest, with growth rates routinely in double digits. But Chinese consumers, worried by depressed stocks, weakening property prices and growing job losses, are choosing to put new car purchases on hold. In November, cars sales plummeted 10% from a year earlier, according to state media. U.S.-based research firm J.D. Power predicts passenger vehicle sales will grow 8% this year, a big drop from the 24% growth in 2007. Next year will be even worse. J.D. Power forecasts sales will contract by 1% in 2009. (See the 50 worst cars of all time...
...because they "have realized that the economic situation and market environment around the world have changed significantly since the agreement was signed." Neither company explained in detail why the discussions on the joint project, which began in 2007, fell apart. But Lin Huaibin, an auto industry analyst at research firm Global Insight in Shanghai, believes both companies brought problems to the partnership. Chery, he says, wasn't ready to produce a car of strong enough quality for the global market, while a struggling Chrysler didn't possess the funds needed to invest in the venture. Chery's Jin says that...