Word: generalling
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...Administration is starting to face some resistance in Congress about its plan to put General Motors (GM) into Chapter 11, using Treasury money to sustain the company as it works its way back to profitability. The government put another $4 billion into the car company on Friday. In the process of a government-supported bankruptcy, $27 billion in bondholder capital will probably become worthless, GM workers will be laid off and hundreds of dealers will be closed...
...Indeed, direct links appear to be boosting profits. Eric Kuei, general manager of Fruit Taiwan Corp., says the time to transport his pineapples and other produce to Shanghai from Taiwan has been cut from seven days to three, which means more time on Chinese store shelves and a 20% increase in profits. "After Ma got elected, everything's more convenient for businessmen," says Kuei. In a recent survey conducted by Taiwan's CommonWealth magazine, 60% of the CEOs questioned said that liberalized cross-strait relations were improving Taiwan's economic competitiveness. This positive outlook has helped fuel a 40% surge...
...sits lightly on Youssef Boutros-Ghali's shoulders. "People recognize it, and my family is used to that because we've been in politics and government since the 1800s," says Egypt's urbane Finance Minister. The family name acquired international renown in 1991, when his uncle was elected Secretary-General of the United Nations. Then came ignominy. Denounced as divisive and incompetent by the U.S. and other Western nations, Boutros Boutros-Ghali became the first Secretary-General not to be re-elected for a second term...
...Washington A New Warlord in Afghanistan General David McKiernan is being replaced as the top U.S. and NATO commander in Afghanistan by three-star Army Lieut. General Stanley McChrystal. It's the first dismissal of a wartime general since that of Douglas MacArthur during the Korean War. The appointment of McChrystal, a former special-ops chief credited with orchestrating the capture of Saddam Hussein in Iraq, signifies a more pointed, aggressive military posture in Afghanistan...
Despite scattered celebrations in small towns, it took three more years for the holiday to become widely observed. In a proclamation, General John A. Logan of the Grand Army of the Republic - an organization of former soldiers and sailors - dubbed May 30, 1868, Decoration Day, which was "designated for the purpose of strewing with flowers or otherwise decorating the graves of comrades who died in defense of their country during the late rebellion." On Decoration Day that year, General James Garfield gave a speech at Arlington National Cemetery. Afterward, 5,000 observers adorned the graves of the more than...