Word: gm
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Dates: during 2000-2009
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...modified foods are consumed by millions of Americans without apparent ill effects, many Europeans are wary of them. Some imports are allowed into the Union, but a handful of member states placed a moratorium on approvals for new imports in 1998. The U.S., the world's biggest grower of GM crops, wants to be able to export its GM food. Green groups and some European officials charge America with deliberately sending GM maize to Southern Africa to force a showdown, while American officials believe the E.U. exploited Zambian concerns to bolster its own anti-GM views. "I don't think...
...there it was on display at the Paris Auto Show last September: the Hy-wire, a politically correct, fully functional prototype that General Motors claims could be road ready by 2010. Other car manufacturers--including Toyota, Honda and Ford--are working on post-fossil-fuel automobiles, but only GM has rethought the car from the ground up, adopting an impressive array of advanced technologies invented both in Detroit and very far from it. Instead of an internal-combustion engine, for example, the Hy-wire is powered by fuel cells like those used in the orbiting space station. Power is generated...
...worst-situated industries include airlines, autos, construction and heavy equipment. At the end of August, UBS Warburg reports, General Motors had a whopping pension-fund shortfall of $22.2 billion, equal to 83% of the company's market value. Excluding tax benefits, $4 of the first $5 that GM earns per share each year stands to get eaten up by pension obligations. Delta Airlines' shortfall is $3.5 billion, equal to 1 1/2 times its market value. The company is essentially in business to pay retirement benefits--yet it still doesn't make enough...
...businesses an estimated $2 billion a day, and threatened an already slumping U.S. economy that depends more than ever on a just-in-time supply chain. The West Coast docks support an estimated 4 million jobs across the U.S. In Fremont, Calif., an auto assembly plant owned jointly by GM and Toyota had to stop production for lack of engines and transmissions, idling 5,100 workers. Such retailers as the Gap, Target and Wal-Mart, which expect to do 40% of their annual business during the holiday season, would suffer a blow to their profits from any long disruption...
...solution is clear: Immediate distribution of non-GM grains like wheat and rapid milling of GM corn, to be shipped directly to the Zambian people. But major U.S. grain companies have been actively lobbying to use only non-milled GM crops for aid in an attempt to corner the African grain market. If GM crops contaminate Zambia, it will neither be able to sell excess crops to the European Union nor continue to grow GM grain without buying further shipments of seed grain from America...