Word: month
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...With General Motors warning that it would run out of money by the end of the month and Chrysler not far behind, the pressure is now firmly on the Bush Administration to find a way to provide $14 billion in short-term loans to keep the companies on life support until a new Congress and the incoming Obama Administration can hammer out a comprehensive solution next year. The White House had been dead set against the Democrats' original entreaties to use money from the $700 billion Troubled Assets Relief Program, known as TARP, passed by Congress in September to stabilize...
...third quarter of 2008. The government hopes to maintain GDP growth of 8% or above next year. If growth falls below that level unemployment could reach destabilizing levels. In the official press, the phrase bao ba, or "protect eight," has now become a mantra. Last month the World Bank lowered its GDP growth estimate for China...
...Buick dealership in downtown Beijing, sales manager Wang Quan has a lot less to do than he did a few months back. New Buicks used to leave his shop by the dozens each week, but these days, not even discounts of 15-18% can draw in the same number of paying of customers. "We used to sell 120 to 150 cars per month at this store," Wang says. "But starting from November, the number has shrunk to 90." The reason, he says, is simple: "The economic crisis...
...have been consistent market leaders. A sharp downturn in China, auto analysts say, will add to GM's woes. While sales of Chevrolet-branded cars have remained robust, sales of Buicks fell 14% so far this year, according to GM. Still, GM remains committed to China, where earlier this month, Kevin Wale, president of GM China, said the company plans to introduce 10 new models...
...Last month, James and her outraged peers launched Miss-Ogynist University of London - a campaign that calls for the "degrading" pageant to be scrapped before its grand finale. Three-hundred people have joined the Facebook group, and together they have organized debates and rallies in London, and convinced several student unions to ban pageant advertisements on campus because they violate the "safe space" policy of various university charters. Feminist ire isn't just directed at pageant organizers either. They also point the finger at contestants who they feel possess a false sense of emancipation. "Their attention-seeking is completely misplaced...