Word: nextly
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...long can Detroit sustain itself when monthly sales numbers are this bad? The two bankrupt companies, Chrysler and General Motors, closed their assembly lines for much of May and June, which reduces their revenue substantially. Chrysler started up this week but will close again next week for summer changeovers. Both GM and Chrysler have built their recovery plans on very low sales estimates, which is the principal reason they have closed so many factories and discarded so many employees as they restructure. GM just announced plans to shed another 4,000 salaried employees by October, at which point it expects...
...economic conditions is under way but that it's still very fragile and could use more stimulus. GM's lawyers warned in bankruptcy court that the company might have to start the liquidation process by mid-July if it is not guaranteed an exit from bankruptcy in the next 30 to 60 days. (On July 5, Judge Robert Gerber of the U.S. Bankruptcy Court for the Southern District of New York approved the sale of GM's assets to a government-run company.) Further, if a modest recovery in sales doesn't begin soon, the bailouts of both Chrysler...
...never really had to. When I would go to the park, maybe initially they would be like, She's a girl, she can't play. But then the next time, they were picking me first for their team. Let your actions speak for themselves. Don't worry about what everybody else is saying. Just concentrate on playing basketball and embrace being a woman and being in sports...
...applied for a job at Fireside Office Solutions, an IT-management firm, he got called in for an interview. With the city's dearth of tech-oriented workers, the company had been looking to fill the position for six weeks. He started at 8 o'clock the next morning. Says Phillips: "There's definitely not a lack of work...
...package leads off with the historian David M. Kennedy--whose book about the Depression, Freedom from Fear, won a Pulitzer Prize in 2000--revealing how F.D.R., like Obama, saw crisis as opportunity. Next up is Adam Cohen's illuminating piece on the dynamic launch of the Roosevelt Administration. Cohen is the author of Nothing to Fear, an account of F.D.R.'s first 100 days. To get a free-marketeer's dissenting take on F.D.R.'s policies, we turned to Amity Shlaes, whose recent book The Forgotten Man argues that the New Deal not only failed to reverse the Great Depression...