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Automakers waited all week for news of the expected bridge loan, which finally came on Friday. "The longer we wait, the worse the situation becomes," said one auto executive close to the situation. The Wall Street Journal reported that GM and Chrysler restarted merger talks, but both companies have flatly denied it. "We certainly are not in any merger talks with Chrysler," says Tom Wilkinson, a GM spokesman. "The report was simply wrong...
Meanwhile, Johnson Control Inc. of Milwaukee, a major supplier to Asian automakers operating in the U.S. such as Toyota, said it expects to report a loss for the quarter ending Dec. 31. "Global automotive production is significantly worse than just two months ago," said Johnson Controls chairman and chief executive officer Stephen A. Roell. "Our customers continue to announce production reductions and plant shutdowns on a weekly basis. Every region of the world is down by a double-digit rate," he added...
...confined to academia. From 1994-2001, Holdren served on President Clinton's Committee of Advisors on Science and Technology. Since 2002, he has served as co-chair of the National Commission on Energy Policy. And, Holdren was also a lead author of the UN Scientific Expert Group's 2007 report on Climate Change and Sustainable Development...
Here is how the process works: the House of Representatives votes on whether to start an inquiry into the possibility of an impeachment. It forms a special committee to gather information and evidence (or, in the case of Clinton, reviews the Starr report). The committee then presents the information to the House, which mulls over the evidence and votes on whether or not to impeach. If the vote passes, a formal trial is held in the Senate. If the Senate finds the official guilty of any of the House's charges, he or she is booted from office. (If this...
Public security in Mexico has all but collapsed under the blood-soaked weight of a drug cartel war and an equally vicious convulsion of criminal abduction. Kidnapping is such a booming business south of the border that an astonishing 5% of the country's 106 million people report having been a victim or having known one, according to a new survey by the Mexican polling firm Gabinete de Comunicacion Estrategica. In the same poll, 45% of Mexicans who have a phone line said they've been victims of telephone extortion, in which persons call a residence, claim they've abducted...