Word: harders
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...Rather, it's a recognition that it will take a new vision and new direction to create the GM of the future." In Wagoner's place, the President promoted COO Fritz Henderson, who has worked at the company for 25 years. Henderson gets the message: "One, go deeper, go harder; and second, go faster. And so we got it. We understand exactly what that means." (See the 50 worst cars of all time...
...harder job facing the Administration comes when the 60-day window is up for restructuring GM outside of bankruptcy. The biggest challenge for GM remains fashioning a plan acceptable to the UAW, which represent GM's 62,000 workers, and its bondholders, mostly banks and other large institutions, which are owed some $27.5 billion and by law are first in line to get paid back. It's fairly clear the Administration wants to make bondholders eat huge losses - or make them try their luck in bankruptcy court. "No bankruptcy judge is going to rule against GM and its plan...
...their countries deteriorating more than they expected. The call for issuing more debt and supporting job creation may get louder as unemployment rises into the double digits. What seem like a sustainable polity on debt and stimulus may be now, but if EU GDP begins to contract faster and harder than expected, a wave of government desperation could sweep the countries in the union. Obama may have his way. It may just take several months for other countries to come around to his way of thinking...
...says Matt Powell, an analyst at SportsOneSource. "Grass creeps in them, they get wet, and they can even get moldy. It's easier to play in an old golf shirt than play in old, rotten shoes." While you can send weary brown shoes to the repair shop, it's harder to fix up a pair of sneakers. Plus, consumers might be trading down from expensive golf equipment to shoes. Instead of splurging on a $700 set of new clubs, which rarely wear out to the point you can't use them, golfers can buy new shoes for a fraction...
...billion-units-per-year-in-sales handset industry. Providing the operating software and other key components for wireless devices is almost certainly the next big thing for tech companies from Google to Yahoo (YHOO) to Microsoft to Adobe (ADBE). Trying to milk more money out of the PC gets harder and harder. For the largest companies in the industry, it has become a zero sum game. (See pictures of the 50 best websites...