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...long can Detroit sustain itself when monthly sales numbers are this bad? The two bankrupt companies, Chrysler and General Motors, closed their assembly lines for much of May and June, which reduces their revenue substantially. Chrysler started up this week but will close again next week for summer changeovers. Both GM and Chrysler have built their recovery plans on very low sales estimates, which is the principal reason they have closed so many factories and discarded so many employees as they restructure. GM just announced plans to shed another 4,000 salaried employees by October, at which point it expects...
...Japanese automaker's sales totals continue to suffer from California's economic crisis as well as its real estate downturn. "It's not one thing: it's real estate, it's availability of credit, it's unemployment" that's hurting California sales, he says. Mike DiGiovanni, GM's general director of market analysis, says the present economic numbers suggest that a modest improvement in economic conditions is under way but that it's still very fragile and could use more stimulus. GM's lawyers warned in bankruptcy court that the company might have to start the liquidation process...
...Hortensia Bussi, 94, lost her husband, Chilean President Salvador Allende, and her status as First Lady in the bloody military coup led by General Augusto Pinochet in 1973. Undeterred, she continued to campaign against Pinochet's dictatorship while exiled in Mexico...
...mental illness [June 22]. It captures the excitement and promise of this new orientation within psychiatry. I wanted to offer a couple of clarifications: You state that those who met our criteria for risk of psychosis were 30 times as likely to develop the illness as those in the general population. Something got lost in translation in my interview with John Cloud; in fact, our research shows that such a person is more than 400 times as likely to develop psychosis. Also, the necessary critical mass of controlled, randomized clinical-trial treatment data has yet to be gathered...
...tells people, If you side with the government, this is what will happen to you.' TALAT MASOOD, a retired Pakistani general, on the assassination of Qari Zainuddin, a tribal leader and outspoken critic of Taliban commander Baitullah Mehsud...