Word: reports
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...officials dismissed the report from Merrill, with the implication that Merrill - itself desperate for cash, having lost billions in the real estate bust - doesn't have the best financial acumen. "We won't comment on market speculation or the Merrill reports specifically," said GM spokeswoman Renee Rashid-Merem. She said GM is not cash short: "We continue to believe the company has sufficient liquidity and financial flexibility to meet its 2008 funding requirements, despite lower U.S. industry volumes." More than 17,000 blue collar workers dropped off GM's payroll last week as part of a buyout of long-term...
...change in Beijing signaled by a speech given in late June by Chinese President Hu Jintao. During a visit to offices of the Party mouthpiece, the People's Daily, Hu stressed that the media needed to concentrate on molding the public's perceptions of news events and presenting their reports in a more attractive and innovative way. To close observers of the party, this appeared to signal a new policy direction. "It seems the party will allow the Chinese media to report more transparently," says Russell Moses, a Beijing based scholar, "though of course they still dictate the lines...
Rebuilding ground zero was going to be a great show of American defiance, a Knute Rockne speech to the nation. Seven years on, though, this grand statement is barely a stammer. In an unsparing new progress report, the site's landlord admitted that every part of the project is over budget and behind schedule. It will take several months just to map out a new timeline...
...that the rebuilding effort--which will add as much Class-A office space as exists in all of downtown Atlanta--is simple. But lower Manhattan is in danger of becoming a metaphor for America's sluggish response to our most pressing economic challenges. A recent U.S. Chamber of Commerce report shows a litany of problems: an overloaded rail infrastructure that needs new tracks, signals, tunnels and bridges. Most ports need dredging; almost half of all canal locks are obsolete. While China is spending nearly 9% of its gdp on infrastructure, Americans lose $9 billion a year in productivity from flight...
...Alberto notes. Plan Colombia, which has afforded Colombia's military U.S. hardware like Black Hawk and Huey helicopters, making it difficult for the rebels to concentrate in large units, has been successful in hobbling the FARC. But coca cultivation in Colombia rose in 2007, according to a new U.N. report. A widespread fear is that the remaining members of the FARC will become full-fledged drug lords...