Word: generalization
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...really work that way anymore - the jobs disappearing now aren't temporary layoffs, and the increased reliance on debt in the U.S. economy may bring self-reinforcing downward pressures that weren't an issue back in the relatively frugal 1950s. (When you've got lots of debt, like General Motors or your neighbor with an adjustable-rate mortgage, you're in a far worse position to weather a sudden reduction in income...
...scientists to purchase a $130 bag of 20,000-year-old woolly-mammoth hair from a vendor in Moscow, and the wonders of science allowed them to extract the mammoth's genetic information in the most successful attempt to date to sequence an extinct animal's DNA. DNA in general breaks down after 60,000 years or so, making the possibility of a real Jurassic Park scenario - complete with flying pterodons and bloodthirsty tyrannosaurs - remote. Still, scientists see the completion of the genome as the first step to uncovering and understanding the reasons behind the mammoths' extinction, and the effort...
...Obama dangled in front of Clinton has excited a frenzy of speculation and leaking - exactly the kind of thing the no-drama Obama operation did not tolerate during the presidential campaign. And coming amid word that Obama is eyeing an array of former Clinton officials - including former Deputy Attorney General Eric Holder for the top job at Justice - even Democrats began to ask how much change Obama really represents. "What were the last two years all about?" asks one exasperated party strategist. "The restoration of the Clintons...
...From there, Reid and Pelosi detailed a series of hoops they expect the automakers to jump through to qualify for bridge loans from Congress. Ford, General Motors and Chrysler must present business plans to the House and Senate Banking Committees no later than Dec. 2. As part of that presentation, they must prove that, in the long run, they are "viable" companies that not only can repay whatever loans they receive but also can demonstrate that they won't need to come back and ask for more money. The two committees will hold hearings to vet the plans...
...were berated for their incompetence, the automakers reacted to the proposal with cautious optimism. "We appreciate the Congress's recognition of the auto industry's vital contribution to the nation's economic strength and national security. We intend to deliver a plan to Congress that shows them a viable General Motors," said GM spokesman Greg Martin. "We agree completely that there must be accountability to U.S. taxpayers for government support that enables automakers to continue their restructuring and to ensure a stronger, more competitive auto industry." For its part, Ford, which is the strongest of the Big Three and, many...