Word: problem
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...issues of creditors, employment, and the survival of suppliers are not the real problem behind the government's concerns about the ultimate fate of GM. The real concern is that what happens at the auto company sets a precedent for the next bailout of a large American non-financial company. The government has been able to stay away from completely restructuring banks by providing them with enough capital to work their way through piles of bad assets and tight credit. The process is not over. Major US banks may need tens of billions of dollars more in government assistance when...
...problem? Well, for one thing, Harvard students are unhappy. Student satisfaction ranks near the bottom of a group of elite colleges, and a lack of social life is identified as one of the major problems. A close friend—atypical at Harvard in that she has always been popular and is thus possibly more affected by the lack of social interactions—recently told me that she viewed her university experience as a reason to “be strong and just get through time...
...Navy snipers took out Phillips' three captors - is only a stopgap way of dealing with the pirates now sailing the Gulf of Aden. "There is no purely military solution to it," Gates told an audience of the Marine Corps War College in Quantico, Va. "It is a serious international problem, and it's probably going to get worse." (See pictures of the U.S. and France fighting the Somali pirates...
...growing piracy problem highlights Gates' smarts - it was only a week ago that he boosted the Navy's buy of the small and fast Littoral Combat Ship (LCS) from two to three next year, with a total planned buy of 55. The defense chief termed the LCS a "key capability for presence, stability and counterinsurgency operations in coastal regions." With its ability to sail into shallow waters, an LCS vessel can chase pirates into places bigger warships could never go. The LCS is "an ideal platform" for unconventional Navy missions, including "counterpiracy operations," Rear Admiral Victor Guillory, director...
...government-is-the-problem response to President Obama's first joint address to Congress by one of the party's rising stars, Louisiana Governor Bobby Jindal, was a "disaster for the Republican Party," as conservative New York Times columnist David Brooks put it. The installation of a new party chairman, Michael Steele, could have gone a lot smoother - say, minus the cat fight with Rush Limbaugh or Steele's insulting both the party's moderate wing (he threatened to back primary opponents for supporters of Obama's stimulus) and its social conservatives (he told GQ magazine that abortion...