Word: marches
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...some universities' special Match Day traditions: "On the third Thursday in March, medical schools across the country held gatherings to unveil the computer's results. Some schools waited for the designated hour, then unleashed the students to retrieve the envelopes with their results and braced for a stampede. Others, including Vanderbilt University, called students at random to the front of a lecture hall. On the way, each students dropped a dollar bill into a fishbowl as compensation for the suffering that the last person was to endure while waiting. One by one, they received and opened their envelopes, leaned into...
...March 9 edition of CNBC's Squawk Box, Becky Quick was interviewing Berkshire Hathaway CEO Warren Buffett when the Oracle of Omaha expressed support for the Obama Administration's mortgage bailout. "Becky," co-host Joe Kernen broke in, "tell Warren you're mad that you've done all the right things and all these other people are going to get bailed out." Buffett replied, "There's nothing wrong with being mad, Joe. It's just that there are times when you're mad about something that you've got to overcome the emotion...
Amid the gruesome news generated by the world's auto industry these days, this bit of information almost reads like a typo: new car registrations in Germany rose 21% year on year in February, the country's Association of the Automotive Industry (VDA) announced on March 3. This, though, was no error. The 278,000 cars put on the road, crowed VDA president Matthias Wissmann, amounted to the highest level of sales in the month of February in a decade...
...Carmakers are grappling with an extraordinary shortage of credit and customers. Sales in Europe - where the $700 billion auto industry accounts directly or indirectly for 1 in 10 jobs - dropped to a 15-year low last year, with little sign of picking up in 2009. Toyota announced on March 11 that 4,500 workers at its British factories would see their pay and hours slashed 10% for a year starting in April. The German and British governments are still in talks with GM over potential aid for the U.S. automaker's beleaguered European subsidiaries, Opel in Germany and Vauxhall...
...Europe's automakers is the billions of dollars of direct support being pledged by governments. The $3.2 billion in loan guarantees offered by the British government in January, for instance, should boost struggling carmakers' access to much-needed credit to fund areas like research and development. In London on March 11, British carmakers and banks gathered to kick-start the distribution of the loan guarantees. With car registrations forecast to slide 20% in Britain this year, the government will be hoping that it can still save its auto factories, and the jobs that go along with them, from the scrap...