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...Monday, an auto industry consulting firm, Planning Perspectives Inc., reported that 68% of participants in a survey of executives for industry suppliers said their companies would have to downsize if General Motors declared bankruptcy, while 12% said their businesses would likely close or would definitely do so. In the Midwest alone, some 275,000 jobs would be lost as a result of a GM bankruptcy. "If they go into bankruptcy, it's going to have a catastrophic effect on businesses across the board," says John W. Henke Jr., president of PPI, based in Birmingham, Mich. (See the Top 10 Bailout...
...wide parliamentary approval for the Status of Forces Agreement (SOFA) opens the final chapter of U.S military involvement in Iraq, setting a firm deadline for withdrawal. The vote, and the divisive deliberations leading up to it, may also mark the beginning of a new season of political conflict in Baghdad, as politicians seek to redistribute power away from the increasingly autocratic prime minister and towards the president and the parliament...
...Maliki's hard bargaining on the SOFA deal, in which he forced Washington to make a number of key concessions on issues ranging from a firm deadline for withdrawing from Iraq to restrictions on the operations of U.S. troops currently in Iraq, might have been taken as a point of pride among Iraqi nationalists. Instead, at least among the political class, it merely reinforced a perception that Maliki is a new strongman who does things his own way, without consultation. "He could have been more diplomatic with handling this treaty," said Abdel-Bari al-Zebari, the Kurdish lawmaker. "He didn...
...artificial tree so bad? A new study by the well-regarded sustainability firm PE Americas found that owning an artificial tree--as do an estimated 50 million households in the U.S.--caused lower carbon emissions over a decade than did buying real trees 10 years in a row, chiefly because of the gasoline used to get a cut tree from farm to living room. The big caveats, however, are that the study focused on carbon and was sponsored by the American Christmas Tree Association, which works with artificial-tree makers...
...head-on with deep budget cuts, on Nov. 20 the nation's largest university system announced plans to decrease its student body by at least 10,000 students and to cap enrollment at all 23 of its campuses. Says Terry Hartle of the American Council on Education, a lobbying firm that represents 1,800 colleges and universities: "What you're seeing in California is a double witching hour." Cal State, which experienced a 20% increase in first-year applications this fall, is the first public university to cap enrollment since the market meltdown in September, a move other schools...