Word: hand
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...This is the thanks you get for creating the middle class, Henry. In the throes of the biggest auto swoon since 1931, the headmen of Detroit go hat in hand to Washington to try to keep their once mighty industry upright for a couple of months and are treated as if they had invented the four-wheel-drive subprime mortgage. AIG torpedoes the entire economy and gets a $150 billion handout; Citigroup takes risks no sane manufacturing company would even contemplate and is rewarded with a $20 billion federal bailout. And the car guys...
...While it has flooded European markets with cash in recent months in an effort to revive the interbank lending market, it has not engaged in the purchase of assets from banks like the Fed. Trichet said the ECB has the power to do so, but is not showing his hand...
...their first day of testimony before Congress, the chief executives of Ford, General Motors and Chrysler were the picture of humility. Hats in hand, they pleaded for money. "We made mistakes, which we're learning from," GM's Rick Wagoner told the Senate Banking Committee, outlining plans for change that Congress had requested as a precondition for receiving billions of dollars in much needed loans. Ford's Alan Mulally said his company has shifted "in a completely new direction." (See the 50 worst cars of all time...
...revealed a lack of training, organization and equipment among the police. Bob Nicholls, a South African security consultant who was dining on the top floor of the Taj, decided to act as soon as he heard blasts because he figured there would be no hotel security or police at hand. He herded fellow guests into a secured room, but for two hours was unable to get any official information about what was happening. He and his team saved 150 people. An eyewitness who saw two gunmen walk toward Cama Hospital said that more than 30 minutes passed between the first...
...Multinational firms doing business in India make a different calculation. One terrorist attack, or even a series of them, might change their security arrangements, but it does not affect their business plans. War with Pakistan, on the other hand, is a much bigger risk, says Amitabh Dubey, director of India research for Trusted Sources, a London-based risk consultancy firm. "An increased probability of conflict - that would change people's business plans," he says. That's exactly what happened in 2001, when the two countries moved to the brink of war and companies moved their operations out of India...