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...nearly parallel track, GM announced on Monday that it was taking important new steps to reduce costs as it also struggles to avoid bankruptcy and meet a June 1 deadline from the government for restructuring its operations. In its Monday announcement, GM said that by 2010 it intends to close 13 car plants, eliminate 21,000 jobs, reduce its dealer network by 42%, and eliminate the Pontiac brand. It also announced that it has reached an agreement with the U.S. Treasury to convert 50% of the outstanding government loans to the company - or about $5 billon - into GM stock...
...hasn't made the pandemic declaration yet. Keiji Fukuda, the WHO's interim assistant director-general for health, security and environment, said on Sunday that its experts "would like a little bit more information and a little bit more time to consider this." The committee is set to meet again by April 28 at the latest...
...Fortunately, even a drier, more crowded world should still have enough water to meet its needs, provided the supply is regulated well on both national and international levels. That can include stiffer regulations against industrial pollution (plus policies that ensure dirty water is employed for nonvital uses like landscaping) and more efficient agricultural practices, such as drip irrigation, that would cut down on the enormous amount of water wasted in farming. More rational pricing of water, even in poor nations, can help reduce misuse on the farms and in the cities...
...Navy has deployed maritime commandos since World War II, when amphibious squads fought in the beach landings at Normandy and Pacific-theater operations. The first SEALs--the acronym derives from their proficiency in sea, air and land combat--were commissioned in 1962 by President John F. Kennedy to meet a growing need for guerrilla-warfare specialists. SEALs earned a reputation for valor and stealth in Vietnam, where they conducted clandestine raids in perilous territory. Since then, teams of SEALs have taken on shadowy missions in strife-torn regions around the world, stalking high-profile targets such as Panama's Manuel...
When Acco Brands, an office-supply company that makes products like Swingline staplers, imposed a massive 47% pay cut for six weeks, it established an emergency-loan program for employees who couldn't make ends meet on a shrunken paycheck. "It impacts standard of living," says Truman Bewley, an economist at Yale who has studied the ways companies cut back during recessions. "People don't quickly forget...