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...Pontiacs. This will just increases the panic that car buyers feel about the reliability of their local dealers. In order to sell newer models, dealers will have to offer deep discounts and incentives to potential buyers. This means that the car companies and the dealers that are allowed to remain open will have to make substantial investments in marketing to get buyers looking for close-out sales to look at their inventories at all. (See pictures of Detroit's decline...

Author: /time Magazine | Title: GM and Chrysler: The Revenge of the Car Dealers | 5/19/2009 | See Source »

Hyman said that it is important for Harvard both to remain competitive and to retain current faculty members lest peer institutions swoop in to lure away star faculty...

Author: By Athena Y. Jiang and June Q. Wu, CRIMSON STAFF WRITERS | Title: Admins Stay Mum on Salaries | 5/18/2009 | See Source »

...accommodate the workers affected by the hot breakfast cut by filling some of the vacancies left by the early retirement program. The bid process was the mutual agreement of HUDS and Local 26, a union that represents hospitality workers in the Greater Boston area. “We remain hopeful that we can find an opening within HUDS for anyone in a position that is being eliminated due to the service changes,” the statement said. 17 dining hall staff took the early retirement package, and 24 jobs—12 cooks and 12 general service positions?...

Author: By Liyun Jin, CRIMSON STAFF WRITER | Title: Changes Concern HUDS Staffers | 5/18/2009 | See Source »

...series of conservative reform initiatives only to be soundly defeated by liberals led by the powerful California Teachers Association (CTA). This time around Schwarzenegger has let the CTA and other interest groups lead the effort to pass the budget measures. But the relatively few voters following the arguments largely remain skeptical of the proponents' basic message: "Trust us, these measures will fix the problem...

Author: /time Magazine | Title: Voters Unlikely to Help Calif. Avert Budget Crisis | 5/18/2009 | See Source »

...Some market observers say they expect the rally will fizzle soon because the global economy remains in the deepest recession in decades. "It's difficult for India to live in splendid isolation while the rest of the world suffers serious economic damage," says Sanjoy Bhattacharya, a partner at Fortuna Capital, an offshore hedge fund. Tough challenges remain for India's economy, too, notes Sharma. "Just because there's been a good weekend doesn't mean you can forget all our problems of fiscal deficit and lack of infrastructure growth," he says...

Author: /time Magazine | Title: After Elections, India Stocks Soar 17% | 5/18/2009 | See Source »

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