Word: pleased
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The first two are good reasons for Congress to take the carmakers' pleas seriously--a shutdown of GM is not what anybody wants now. The third argument is more problematic. Yes, GM and the other automakers have cut costs sharply, especially since 2005, and the United Auto Workers union has...
Kicking the can down the road, however, isn't the kind of clarity Wall Street is looking for in these dire economic times. Coming a day after the Big Three CEOs' pleas on Capitol Hill dragged down the markets, Congress's muddled maneuvers on Thursday only made investors more anxious...
The big oil producers have good reason to be nervous. Many are still haunted by a disastrous error made at an Opec meeting in Jakarta in 1999, when the cartel - which produces more than a third of the world's oil - opted to raise its production levels. Within weeks Asian...
Their pleas bought Lincoln more time, but the company was ultimately seized by the FHLBB two years later. Its bailout cost taxpayers over $3 billion; thousands of Lincoln investors lost their life savings.
Surely, this could be called a reactionary’s utopian fantasy (I prefer to think of it as an anarchist’s utopian fantasy). It may also be objected that what I am actually recommending is the country’s dissolution. I recall Einstein’s...