Word: rescuees
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Despite the pressure of Chrysler's April 30 deadline to pull off a rescue package - or face potential bankruptcy - the United Auto Workers has been in no rush to make concessions. "As I see it, the United Auto Workers union has a choice. They can [shed] some jobs or they...
The carmaker's management is struggling to assemble a rescue package that in addition to any UAW givebacks will have to include closing more plants and getting big help from Italian carmaker Fiat, which would contribute its own small-car designs and technology. Failure would saddle major banks with $7...
India has been able to benefit from its large and well-armed navy, but not all Asian countries have such military capability. Though nearly half the hostages held by Somali pirates are Filipino, the Philippine government has been unable to influence ship owners to negotiate ransoms or take military action...
But with the Obama Administration's newfound determination to tackle piracy in the Gulf of Aden, many people expect things to improve. "This is definitely good news," says Goyal. "Hopefully someone will come to the rescue of poor countries' sailors." On Wednesday, Secretary of State Hillary Clinton announced steps including...
The celebrating over Sunday's daring rescue of Richard Phillips, the ship captain held hostage by Somali pirates, didn't last too long at the Pentagon.