Word: havener
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...Chrysler, which made money on pickups, SUVs and minivans, to small-car their way to prosperity? U.S. carmakers have not earned a dime selling automobiles in a decade. "There's no question it's a challenge," a task-force official allowed. "It's something the domestic car companies haven't done successfully in the past." Whether it will work in the future is "a fundamentally significant question...
...weakest claim - they made a bet on success, got failure instead, so too bad. The strongest claims belong to secured lenders, which are first in line for any proceeds if the company is liquidated. In between lie the unsecured claims. For a carmaker, this creditor class includes suppliers who haven't been paid, car owners whose repairs ought to be covered by warranty, dealers seeking reimbursement for manufacturers' rebates - and the UAW seeking a VEBA payment...
...bench. Republicans have their work cut out for them. The Second Circuit Court of Appeals hears plenty of cases involving business and securities law but not many that touch on the hot-button issues that make for good attack ads. Abortion, the death penalty, gay rights, executive power - those haven't come up much, if at all, on Sotomayor's docket. The White House says its nominee has been fully researched, but Republicans are pinning their hopes on the fact that the Obama Administration has had a somewhat spotty vetting record...
...assets that were purchased, you put them up for auction. Just like the Resolution Trust. And the money that is raised from that goes back into the Treasury and hopefully pays down what it took to buy those assets. But still, [former Treasury Secretary Henry] Paulson and others haven't faced the one issue that has to be dealt with, and that's what you do with these loans and this bad real estate. Instead of that, they passed out all this TARP money to banks, and the banks aren't lending because the essential problem hasn't yet been...
...Sotomayor's involvement in an affirmative-action case last year will probably attract the most attention in weeks to come. The case, Ricci v. DeStefano, involves a group of white firefighters, including one Hispanic. The group filed a discrimination suit against the city of New Haven, Conn., after the city decided not to certify the results of a job-promotion exam because no African Americans had scored high enough to be promoted. A lower court decided in favor of the city. In February 2008, Sotomayor was part of a three-judge panel that upheld the lower court's decision. Four...