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...then $30, $20, $10, and finally just $2. The difference between Chrysler's demise and GM's is like the difference of a house burning down in the Wyoming wilderness versus a skyscraper on fire in Manhattan. Chrysler was never what GM was for many years - the largest company in America. (See the 50 worst cars of all time...
...Much has been made of the fact that, as things are currently being planned by the Administration, the government will become the largest shareholder in GM and the UAW will be the largest shareholder in Chrysler. Why would taxpayers want to have a controlling interest in a large auto company along with the portfolio of investments that their elected officials have purchased for them at a number of big banks? The issue is a red herring. In the case of Chrysler and GM, federal money is going into the companies and has to be paid back if the restructuring...
...There is a temptation to compare this new facility to the IMF, but that analysis would miss the move toward a financial alliance that will help serve to bring Asia together as a single, loosely formed economic entity lead by China and Japan, two of the four largest countries in the world as measured by GDP. The program makes the region financially stable, probably more stable than Europe is now with its rising unemployment, stagnant economies, and sovereign debt which faces downgrades in many cases. (See pictures of Obama's recent trip to Europe...
...have cut visa fees and worked with airlines, hotels and tourist sites to slash prices. Caribbean operators say deep price cuts have been essential to keep the region in people's minds during the turmoil. Some Caribbean resorts have cut prices in half, while Elite Island Resorts - the second-largest independent hospitality group in the region - will even accept guests' depressed stocks as payment; the firm values stocks at their closing price at the end of last October (way above what most stocks are worth now) and says it will sell them when the markets eventually go up again...
...tend to spike during outbreaks of violence between Israelis and Palestinians. Prasquier noted the "disturbing surge of [anti-Semitic] acts in January, due to the war in Gaza." Previous outbreaks of Mideast violence in recent years have produced a similar effect in France, which is home to Europe's largest Muslim and Jewish communities - populations of around 6 million and 350,000, respectively. The 936 anti-Semitic acts reported in 2002 and the 974 two years later coincided with flare-ups between Israel and Palestine. Those peaks - and perception among many Jews in France and abroad that French authorities...