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...Detroit More $$$, Please General Motors and Chrysler submitted restructuring reports to the Treasury on Feb. 17, asking the Federal Government for $14 billion in further emergency loans, bringing the total amount that the Detroit automakers have requested to $39 billion. GM says it needs $12 billion more to avoid bankruptcy and announced plans to lay off 47,000 employees and sell or phase out three of its marques--Saturn, Hummer and Saab--and reduce Pontiac to a "highly focused niche brand." Chrysler has asked for $5 billion and plans to cut 3,000 jobs...
...hate you guys, but there is nothing much we can do.' LUO PING, a director-general at China's Banking Regulatory Commission, saying Beijing will continue to buy U.S. Treasury bonds despite concerns about the potential depreciation of the dollar...
...Army will gain in its strength in human capital, and the immigrants will gain their citizenship.' LIEUT. GENERAL BENJAMIN FREAKLEY, the U.S. Army's top recruitment officer, on allowing immigrants with temporary visas to enlist...
...detention of civilians serves a strategic purpose for the army as well. In the past, the Tigers were often able to recapture territory by sending guerrilla fighters into the general population. That's still a potent tactic. On Feb. 9, a female suicide bomber killed 28 people, including 20 soldiers, at a screening point for IDPs. This kind of asymmetrical warfare--the LTTE was the global pioneer in the use of suicide bombers--allowed a few thousand fighters to hold their own for decades against the Sri Lankan army's 50,000 soldiers. So the most recent army offensive uses...
...released in May found that more than a third of retirees have had to help a child pay bills in the past year. And the number of multigenerational households has increased from 5 million in 2000 to 6.2 million in 2008, according to AARP. Cramped quarters, wounded pride and general anxiety about the global economic crisis do not the most pleasant living situation make. But there are ways to ease the transition. (See pictures of Americans in their homes...