Word: generalization
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...reason is that Ford alone among the Detroit Three has enough dry powder to get through what will be a very difficult 2009, when car sales aren't expected to top the 11.8 million units sold this year. (In 2007, 16 million cars and light trucks were sold.) General Motor's Wagoner and Chrysler's Nardelli made it pretty clear that without a government bridge loan - $12 billion in GM's case, $7 or $8 billion for Chrysler - there isn't going to be a 2010 for these companies, at least not without a pit stop in bankruptcy. Chrysler ended...
...done a better job," said Senator Bob Corker, who added that "GM is spiraling downward and in serious trouble" and that Chrysler "barely has a heartbeat." He then called on Ron Gettelfinger, president of the United Auto Workers, to rate the companies. "I'd rank 'em Ford, Chrysler and General Motors," the union man responded. That won't get Mulally any more money, but at least he knows where he stands in the halls of Congress and the union...
...that the free market alone should determine which companies and industries succeed and fail. A company’s decisions, whether they are wise or poor, are its own to make, and it should have to face consequences of those decisions. The American auto industry giants—namely, General Motors, Ford, and Chrysler—have made a number of poor, if not self-destructive, choices in the past decade, culminating in their current liquidity crisis. While a healthy economy would survive the bankruptcy of a Big Three auto giant, any such failure could plunge the economy...
Between job stress, irreconcilable schedules and general inertia, my live-in boyfriend and I had fallen into a serious sex rut - we weren't having any. So when he suggested last Halloween that we spend the weekend in New Orleans - or, as I like to put it, getting sleazy in the Big Easy - I jumped at the chance...
...talk at the Atlantic Council this week, CIA director-general Michael Hayden said Osama bin Laden is alive. I'll take his word for it. But bin Laden's strange disappearance makes one wonder what exactly happened to him. The last relatively reliable bin Laden sighting was in late 2001. A video that he apparently appeared in last year shows him with a dyed beard. More than a few Pakistani intelligence operatives who knew bin Laden scoff at the idea he would ever dye his beard. They think the tape was manipulated from old footage, and that bin Laden...