Word: generalization
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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...
...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...
...backing of Arab countries on the Mediterranean, who perceive ICCAT as controlled by the world's major fishing powers - the U.S., Canada, Japan and Europe. "You need to have all of those involved to feel ownership over this," says Pierre Amilhat, head of the European Commission's Directorate General for Maritime Affairs and Fisheries, who led Europe's negotiators in Marrakech. "The situation is serious. No one denies that," Amilhat says. "But we think the measures we're putting in place will deal with that...
...Officals have suggested that there may have been a foreign power involved, rejecting the widespread belief among defense and political analysts that there is an able network of homegrown terrorists in India. (Major General R.K. Hooda, an army officer who was the commander for today's military operations, hinted that their accents might have been Pakistani.) So far, there have been little more than hints and platitudes from the steady stream of high-profile visitors to south Mumbai: the local strongman Raj Thackeray, Maharashtra state chief minister Vilasrao Deshmukh, Member of Parliament Milind Deora. Prime Minister Manmohan Singh and Congress...
...Wednesday, in a televised press conference Army Commander in Chief General Anupong Paochinda recommended that Somchai resign and call a new election, and that the PAD end all its protests. Since Thailand abolished absolute monarchy in 1932, the army has launched 18 coups?and the words of generals tend to carry weight. But both the PAD and Somchai have rejected the army chief's call. In a televised speech late Wednesday night, Somchai said, "it is not important if I am Prime Minister. But it is important that I protect democracy." Meanwhile, the PAD has refused a court order...