Word: ink
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...most startling report, however, came from General Motors. The world's largest industrial company announced a $1.9 billion loss for the period, the largest quarterly deficit in automotive history. The red ink includes the one- time $2.1 billion cost of a huge restructuring project. GM will permanently close four obsolete factories and temporarily shut down 19 of its 29 assembly plants in the next two months...
...more than 6% of its work force. The struggling company, which has been selling off assets to reduce its $2.6 billion debt load, said it may show a deficit for the fourth quarter as well. The losses, which would give Blumenthal's brainchild two straight years of red ink, raise doubts about the company's ability to be a major contender...
...while both sides pronounced that the deal was the best that could be achieved in the current political climate, it was nothing to brag about. The compromise will slow but not arrest the tide of red ink that is washing over the nation. Even after the accord goes into effect, the deficit for the fiscal year that began on Oct. 1 is expected to soar to $254 billion, not counting the estimated $1 billion a month the government is spending on its military forces in the Persian Gulf. Every citizen's share of the $3 trillion national debt will rise...
Crime, grime and red ink have apparently clouded the ability of New York City Mayor David Dinkins to recognize a good deal. When Japan Airlines launched a Big Apple tourism program, officials were dismayed to discover that Hizzoner was too busy to pose for a publicity picture for the campaign. JAL estimates that the ad inviting young Japanese to go "New Yorking" could attract 23,000 tourists and bring $73 million to the city. In print and TV spots, JAL portrays New York City as a nonthreatening, nonstop party town. Apologetic city officials say they don't have a record...
Kelley's work includes pen and ink drawings, painting, film and other mediums, such as arranging stuffed animals in a room to appear as though they are having conversations...