Word: plan
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...tough and talented executive but indubitably an insider. I suspect he may have damaged his long-term chances by pinning his colors so firmly to Mr. Wagoner's mast during the drawing up of the GM restructuring plan...I would give him a 50-50 chance, which is not bad given the odds on GM as a whole." -John Gapper, writing on his Financial Times blog about Henderson's promotion, March...
...belief, which has the benefit that it may be true, that the Administration's stimulus package will catch hold before the end of the year. It is not a good sign that Congress is still fighting over the federal budget which is also part of the grand plan to get the economy out of recession. But, hope springs eternal. If the number of jobs lost in March is under 600,000, economists can begin to make a case that pessimists are wrong. Unemployment will not hit 10% early next year. If the figure is less than 550,000 jobs lost...
...chances are at least as good that the number of Americans who lost jobs in March is closer to 700,000 than 650,000, and that opens the door to the possibility that the government's plan to save or create 3.5 million jobs in the next two years is wholly inadequate. It means that the number of people who are out of work could go up by six million or better before the end of 2009. The government has no remedy for that. Even $1 trillion deficit due to money spent largely to save the economy will be inadequate...
...Consumer Reports survey shows that 78% of people polled are unlikely to buy a car from a bankrupt car company. Nearly two-thirds said they were highly unlikely to make a purchase under those circumstances. Another recent study by market research firm CNW polled consumers who plan to buy a new car within six months. More than 8o% of the respondents said they would switch brands if the vehicle they wanted came from an automaker that went bankrupt. A third survey, this one from Rasmussen, showed that 51% of consumer said they would not buy a car from a manufacturer...
...bombing raid came after an intelligence tip-off. In early January, at the height of Israel's assault on Gaza, Israel's foreign-intelligence agency, Mossad, was told by an informant that Iran was planning a major delivery of 120 tons of arms and explosives to Gaza, including antitank rockets and Fajir rockets with a 25-mile (40 km) range and a 99-lb. (45 kg) warhead. With little time to plan the operation, naval vessels and helicopters were rushed to the Red Sea in case Israel had to rescue a downed pilot, and the plan was hurried through...