Word: firms
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...automakers' argument hinges on the notion that the collapse of any of the key industry players would aggravate an already troubled economy. Fully one-third of automotive industry suppliers were deemed at risk of bankruptcy, according to a study earlier this year by Grant Thornton, a Southfield, Michigan, consulting firm. If General Motors files for bankruptcy, it will further impede its ability to pay its suppliers in full, on time. Many suppliers are already saddled with debt. So the extra burden will likely obliterate suppliers' operating budgets - and, in turn, cripple their ability to deliver goods to surviving automakers...
...Then I decided to give up and wait. But first, I left messages for my wife and four children to say goodbye. Then I checked my mail and found this outpouring of support and affection, especially from my colleagues at my firm. I got myself something to eat from the mini-bar - in all I had water, soft drinks, three plums, two biscuits and two small Toblerones in two days. I wasn't scared, really, though I was anxious...
David Jacobs, an Australian who works in New Delhi as head of India operations for the law firm Baker & McKenzie, was among those inside The Oberoi since Wednesday night. He was one of 148 people - hostages held by the terrorists or people trapped in their hotel rooms - who were brought out safely from the hotel; 24 others were killed. Jacobs described his harrowing experience - at one point, he said he had composed goodbye messages to his family - in an exclusive interview with TIME. (See pictures here of the two days of terror in Mumbai...
...went back to my room, locked it, and started watching TV. I can't remember what, though. I also called my firm, and they put me in touch with a security agency who kept me advised on what to do. I was still hearing gunfire and explosions, but I assumed that the attackers would want to cause maximum damage and run. I didn't think they'd want to lay siege to the entire hotel. I didn't think they'd come into rooms, and start coming into the upper levels. Then I saw on TV that they were targeting...
...into negotiations with them first. Meanwhile, in India, rumors circulated that the Israelis had indeed been part of the rescue operation, a notion that may have been kick-started by the combination of Israelis staying at the Chabad house and the presence of foreign agents belonging to a security firm that happened to be in the Oberoi (also taken over by the terrorists) to prepare for the visit of an English cricket team...