Word: marchings
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...getting $9.4 billion and Chrysler $4 billion. The money will be in the form of three-year loans, but the terms permit the Obama Administration to demand earlier repayment - presumably triggering bankruptcy - if it believes the restructuring goals are not being met. The near-term target is a March 31 deadline for the automakers to show a plan for achieving long-term viability. Based on White House and Treasury descriptions of the plan, this will be less an acid test than a subjective assessment of progress...
...which could trigger direct government intervention to halt the rise. Upon speculation that the lower 80s could be reached within weeks, Japan's Finance Minister Shoichi Nakagawa confirmed Thursday that Japan was prepared to intervene and sell the yen, something the Japanese government has not done since March...
...figures of the Bank of Japan's tankan survey, a quarterly survey of business sentiment in Japan, fell to a seven-year low. The tankan figure showed the steepest quarter over quarter decline in 34 years. The economy is expected to decline 0.8% for the fiscal year ending in March...
...blues with the hotel's "Stay Merry" package, which includes skating at Rockefeller Center, a carriage ride through Central Park, with a boxed lunch from the hotel restaurant, hot toddies when you return and dessert by your bedside. It costs $750 for two for two nights, Jan. 2 to March 31. 157 West 47th Street, New York City; 866-950-7829 (See 10 things to do in New York City...
...restaurants by Food & Wine magazine. Afternoon tea is served daily - indulge and work it off horseback riding along the beach. In the evenings, call on the hotel's "bath butlers" to fix you a relaxing soak. Rooms start at $295 for garden view, and $555 for ocean view. Through March 27, 2009, excluding Dec. 21 through Jan. 1. A Monday or Tuesday night stay is required...