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...supporting 11 million or 12 million sales a year. However, the by-product of this process is that at 16 million unit sales, which is the level from just three years ago, Detroit may be forced to give up market share because it cannot replace its old plants and labor infrastructure fast enough to take advantage of a modest but rapid sales recovery. At a 20% market share, GM will only have to produce 2.2 million vehicles in the U.S. this year. If it wants to keep that share when sales get back to where they were the year before...

Author: /time Magazine | Title: When Does Detroit Run Out Of People To Cut? | 2/10/2009 | See Source »

...effect, labor and credit costs, along with the costs of the parts needed to keep Detroit running, will rob the U.S. car companies of any chance at all that they can take advantages of a better market when it returns. The auto firms are in the process of completely undermining their future, and may end up destroying themselves in order to remain in business...

Author: /time Magazine | Title: When Does Detroit Run Out Of People To Cut? | 2/10/2009 | See Source »

...aisles, waiting their turn to discuss the controversial measure. Some residents attended the meeting as representatives of local unions and said that they hoped the rezoning measure would provide construction jobs that are otherwise lacking in a slow economy. “This is not only good for labor. It’s good for the City of Cambridge and it will provide much needed tax revenue,” said Joseph Power, the business representative for the Carpenters Local Union. Other residents were skeptical that the measure would bring an employment uptick. “If you?...

Author: By Sarah J. Howland, CRIMSON STAFF WRITER | Title: Cambridge Council Approves Rezoning | 2/10/2009 | See Source »

Responding to a growing concern with the way universities invest their money, Harvard’s Student Labor Action Movement and Yale’s Responsible Endowment Project co-hosted a two-day Responsible Endowment Conference in Cambridge this weekend with the aim of demystifying university fund management. The conference, which was also attended by Wellesley and Bowdoin students, included presentations from students from both organizing schools, Harvard faculty, and several individuals who work in the field of responsible investing. “It became very clear early on that there was a lot of interest in endowments, even before...

Author: By Evan T. R. Rosenman, CRIMSON STAFF WRITER | Title: SLAM Hosts Endowment Event | 2/9/2009 | See Source »

...Livni's last-minute surge continues, especially among women voters, Kadima could emerge as the leading party. Labor and the smaller leftwing parties would rally to her side, but only if she refuses to draft the hawkish Lieberman into her coalition. Yet without Lieberman's backing, Livni will fall short of a majority in the Knesset. So Lieberman, the ex-nightclub bouncer, will decide if it is Livni or Netanyahu who is allowed past the velvet rope to this charmed circle of power. And whoever gains entrance has no choice but to bring Lieberman in with them...

Author: /time Magazine | Title: Israel's Elections: Making a Hard Right | 2/8/2009 | See Source »

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