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...immediate temporary Federal loan in the amount of up to $4 billion in the month of December 2008 ... GM would look to draw up to an additional $4 billion in January to fund operating losses caused by very low levels of North American production ... If industry conditions do not improve materially, GM would access another $2 billion ... bringing the total draw to as much as $10 billion by the end of the first quarter...
...closer look at the numbers reveals some systemic problems that aren't related to the current credit crunch and that GM will have a hard time overcoming. (Read "GM: Death of an American Dream...
...government bridge loans totaling $34 billion. After meeting with the UAW, GM management issued a statement: "We are pleased to see these changes and the willingness of the UAW to help improve our competitiveness. The UAW has shown they are willing to work with us on tough issues. We look forward to continuing to work with our union partners to transform our business as we are in this together." (See the 50 worst cars of all time...
...failed. But I was walking down the street and I saw a sign that read “‘The Washington Post’ and ‘Times Herald,’” so I walked in and I said, “Look, I’m a recent Harvard graduate and I’d like to become a foreign correspondent. Would you give...
...critics, of course, fear that if he's allowed indefinite re-election, he'll simply morph into another Fidel Castro. Despite - or because of - the Cuban leader's longevity in power (or the record of other would-be rulers-for-life), Latin Americans look askance at lifetime presidencies. That's why even voters next door in Colombia look set to deny their remarkably popular conservative President, Alvaro Uribe, a third term when his second expires in 2010. Chávez does have an authoritarian streak and is indeed a gushing admirer of Castro, and with the legislature and judiciary firmly...