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...claims the amount of money it will need for the year at $16.6 billion. That will not guarantee the largest car company in the U.S. will get to break-even. If auto sales in America keep falling, GM may need more capital this year, and it will almost certainly need more again...
...becoming a cliché: California lawmakers again fail to reach agreement on a budget. As California engages in a budget battle that has left the government of the world's eighth largest economy slipping toward insolvency, Republican Governor Arnold Schwarzenegger and the Democratic legislative majority continue to search for one last Republican vote to pass a budget. But the complex negotiations hit a snag Wednesday when Republican state senators ousted their leader, Senator Dave Cogdill, who had dared to agree to a plan involving a tax hike, and replaced him with a staunch antitaxer. To avoid a collapse of state...
...former lunch pals know that there is an upside in getting along. Murdoch, whose net worth Forbes tallies at $8.3 billion, has only to gain by patching up his relationship with the sitting Prime Minister of the country that is host to his fourth largest holding. Berlusconi, who comes in at $9.4 billion on the Forbes list, owns Endemol, producers of global variety and reality television programs, which sometimes run on Murdoch networks. (Read a TIME cover story on Reality...
...Intervale - like other energy-efficient housing developments - will also bring green into residents' checkbooks. Each of the units has Energy Star-rated refrigerators and appliances, triple-paned windows to cut heat loss and smart thermostats. Those features help make Intervale the largest affordable Energy Star-certified building in the country. And energy efficiency can be a surprisingly effective economic stimulus in the middle of a downturn. According to the Department of Housing and Urban Development, low-income families spend some 17% of their income on utilities - a far bigger proportion than spent by the better off. "In this economy there...
...financial crisis. These 16-person seminars were some of the only small undergraduate courses taught by the department’s faculty. Now that they are gone, face-to-face interaction with a professor is a reality for only a handful of students in the College’s largest concentration. We strongly object to the elimination of this program and implore the department to make every effort to find a viable alternative to make up for the loss of these seminars...