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Much of the automakers' argument hinges on the notion that the collapse of any of the key industry players would aggravate an already troubled economy. Fully one-third of automotive industry suppliers were deemed at risk of bankruptcy, according to a study earlier this year by Grant Thornton, a Southfield, Michigan, consulting firm. If General Motors files for bankruptcy, it will further impede its ability to pay its suppliers in full, on time. Many suppliers are already saddled with debt. So the extra burden will likely obliterate suppliers' operating budgets - and, in turn, cripple their ability to deliver goods...
...Beinart's article is extremely insightful. It never occurred to me that the liberalism of F.D.R. died in the '60s, but it makes sense that it was redefined by baby boomers and that the new definition solidified in Grant Park in 1968. Thanks for the enlightening perspective. Courtez Brown, Richardson, Texas...
Beinart's article is extremely insightful. It never occurred to me that the liberalism of F.D.R. died in the '60s, but it makes sense that it was redefined by baby boomers and that the new definition solidified in Grant Park in 1968. Thanks for the enlightening perspective. Courtez Brown, RICHARDSON, TEXAS...
...media tycoon Murdoch suddenly agree to grant Vanity Fair columnist Wolff unprecedented access to himself (nearly 50 hours of interviews), his family and his business associates? No one is really sure, least of all Wolff. The hard-charging 77-year-old mogul must be aware that for many journalists, "hatred of Murdoch had come to define the profession." But he and his feuding family--including four adult children, a scorned former wife and his current spouse, 39-year-old ex--News Corp. executive Wendi Deng--nonetheless opened themselves up to biographer Wolff's relentless questioning. The result is an inside...
David Rockefeller International Experience Grants will now be available to fund student travel overseas for the summer of 2009, the University announced yesterday. The grants were established by a gift from David Rockefeller ’36, who will donate money annually to enable undergraduates to take part in a “significant international experience,” according to the University’s Vice Provost for International Affairs Jorge I. Dominguez. In April, Rockefeller donated a separate $100 million to the University that will be used to bolster study abroad programs and arts education. The amount awarded...