Word: happeners
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...industrial sector that it may not have either the capital or intellectual capacity to go around. The Treasury has just appointed a prominent investment banker to help oversee the mess in Detroit, but it would take an army of financiers to first comprehend and then advise on what should happen to GM (GM) and Chrysler. The period for comprehension is already in the past. The trouble in the auto industry has to be addressed in the next few weeks or its capacity to operate will go up in flames...
...swamp the international financial system is getting closer to breaching the walls and pouring in. A month ago that seemed inconceivable. Now the odds that the government will have to allow large operations like AIG go into bankruptcy are fairly high. The trouble with that is not what will happen to AIG. As the market found out with the Lehman Brothers bankruptcy, many of the firms that are doing business with a very large financial institution when it becomes insolvent can have transactions worth billions of dollars wither voided or devalued...
Beam Me Up. Southwest is launching a Wi-Fi test run aboard its new aircraft - a total of four planes in its fleet will be Web-enabled by early March. If you happen to get a seat on one of them, you'll see placards telling you how to hook up to the Internet for free. In other Southwest news, the airline has just announced it will begin service to Boston's Logan Airport (until now, it has been flying to nearby Manchester, N.H.) this fall...
...Hanoi on its own can't change the course of global events, says Alex Warren-Rodriguez, economic policy advisor at the United Nations Development Program in Hanoi. Vietnam is too dependent upon what is happening in the U.S. and Europe. "Even if you reduce interest rates to stimulate investment, that's not going to happen because there is nothing to invest in," he says. "They can do very little to stimulate the economy...
...thousands of other Jews who came to this South American nation after the war. When she heard that Williamson lived in Argentina, Stupnik contacted Catholic Church authorities unsuccessfully seeking to organize a meeting with Williamson. "I wanted him to tell me to my face that the Holocaust didn't happen," says Stupnik, who lives in the quiet Buenos Aires neighborhood of Villa del Parque and still carries the number A-15538 that the Nazis tattooed on her forearm when she arrived at the camp. "I wanted to tell him about the nauseating, sweet smell that came from the burning corpses...