Word: generalization
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...months, General Motors had been telling everyone who would listen that bankruptcy was not an option. It had a $30 billion cash pile and plans to restructure the company as the economy rebounded and 2007 U.S. auto sales topped 16 million units...
...remember not getting anything I wanted," he says. Yet Tancaktiong, 28, says he has grown up to be reasonably frugal, not because his parents lectured about money, but because they had down-to-earth spending habits themselves, eschewing luxury-brand clothing and expensive cars. Tancaktiong, a general manager of one of the company's Chinese chains, says he and his siblings recognized early that the family fortune was not their personal piggybank. "The three of us knew this money wasn't earned by us," Tancaktiong says. "Had we been out of control with money, we would...
...Sight Officially, the Philippines knows it can't sustain having 10% of its population gone for decades at a time, particularly when a worldwide economic recession means fewer jobs overseas and smaller remittance checks sent home. During an October meeting on global migration in Manila, U.N. Secretary-General Ban Ki-Moon warned that millions of migrants were at risk of losing their jobs in the wake of the financial crisis - grim news for both individual Filipinos and their government. By law, the government isn't allowed to promote overseas employment. But the Department of Labor does arrange state-to-state...
...gave general motors cheers for the Chevy Volt, a car still in the design phase. Instead, the company deserves jeers for not reintroducing the EV1, the electric vehicle it launched in the 1990s and canceled on the ground that it was unprofitable. The car worked then, so it should work better now, considering the improvements in battery technology over the last decade. Let's get big business making cars the customers want to buy. Peter Miller, Seattle...
...years. Analysts, however, don't think Chen's sensational detention will affect the government, in part because Ma has been careful to distance himself from the case. "There won't be many political repercussions, except die-hard supporters coming out to rally for him," says Andrew Yang, Secretary-General of the Chinese Council of Advanced Policy Studies. From the beginning, Ma has insisted that Chen's case has been left entirely to the judiciary...