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...Here's the breakdown: The 230-m.p.g. number, according to GM's Frank Weber, global-vehicle-line executive for the Volt, is a measurement of the car's "city-driving cycle" - that's the 40 miles it can go without gas, plus one daily electric recharge, plus a little extra help from the gasoline it might need to continue to charge its batteries when they get low during driving in the city. It's basically measuring the Volt's electric-only-mode (with some help) mileage capacity. If the Volt got out on the highway - where it's powered largely...
...were way too big. Economists like Yale's Robert Shiller have warned that the next big wave of failures in the U.S. recession will be in commercial real estate - and once again, Las Vegas is headlining. Even worse, the bottom fell out as casino owners were building, so a number of them couldn't replace construction loans with the financing that was once readily available to complete and open hotel-condo-casino projects. Deutsche Bank foreclosed on the $3.9 billion Cosmopolitan Hotel; only it couldn't find a buyer, so the bank is in the odd position of owning...
...construction workers still crawling over CityCenter, an $8.4 billion, five-skyscraper, ultra-luxury project that is the largest privately financed development ever in the U.S. Although the company has managed to keep the project going through a desperate battle for financing deals with Dubai World, a number of people who signed up for condominiums are looking to bail. So MGM Mirage, which owns the most properties on Las Vegas Boulevard - the Strip - ducked and weaved around bankruptcy for six months earlier this year by pumping $140 million, almost a quarter of its monthly revenues, into the project. MGM sold...
TIME: It's been 20 years since your government assumed power in Sudan. And there were a number of problems from the get-go: poor relations with Saudi Arabia, Egypt, and the United States. At that time the southern rebels were much more powerful than the Sudanese Army. There then came the time of Osama bin Laden, more difficulties with the United States, a split in your government and now Darfur. How is it that your government has been able to stay in control for 20 years...
...facts. And we found the people supporting the government. This is what allowed us to stand for 20 years in front of all the problems that you mentioned. In fact, not only did we withstand, but we also achieved great successes [such as] peace in southern Sudan, a number of peace issues and agreements, such as the Darfur Peace Agreement in Abuja, peace in eastern Sudan, peace with the political opposition groups that were outside of Sudan. We have an active diplomacy that has enabled us to remove all the external obstacles in our foreign relations, especially in Africa...