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When the heads of the Detroit Three auto companies return to Washington this week to testify before Congress about their restructuring plans, they won't be traveling on their corporate jets. Not after the story broke on Nov. 19 that they had flown their "luxurious" aircraft to Washington to beg for $25 billion in loans to keep their companies afloat. Official Washington was outraged at the extravagance. Columnists and comics were ever so grateful for the gift. "I mean, couldn't you all have downgraded to first class or jet-pooled or something to get here?'' whined Representative Gary Ackerman...
...could drop as much as 40% in the next few months. Experts say the resultant drop in oil and natural-gas supplies could cause energy prices to spike sometime next year, further slowing the nation's economic recovery. Last month the International Energy Association warned that oil prices could return to record highs if energy companies pull back their investments. "I worry that the downward slide in prices is causing the industry to overcorrect," says John Harpole, who runs Mecator Energy, a natural-gas broker. "We are going to see higher tops...
...idea of how he feels, imagine you are President Obama in 2011, and America has been struck by terrorists. The Republicans are likely to return to power, and they are raring to pass a beefed-up Patriot Act and go back to pursuing the hard-line foreign policy you have been working hard to undo. You must warn the American people of the craziness of this approach, without appearing weak on terror or politicizing the issue. What would...
...office to review national security agencies. As one of the fourteen foreign policy experts who will focus on the State Department, Power will help the incoming administration prepare for Clinton’s nomination as secretary of state, expected to be announced today. And Power’s return to Washington may foreshadow a possible government appointment. A rumor that Power may take on the role of an official or advisor in Obama’s administration is making its rounds at the Kennedy School, said Leonardo Vivas, a fellow at Harvard’s Carr Center for Human Rights...
...professor Richard E. Wolfe. Ivy League outfitter J. Press was minimally affected by the day, according to General Manager Denis E. Black—a normal occurrence for the store, he said. Their male clientele was most likely completing holiday shopping for the family on Black Friday, and would return to J. Press the next weekend, Black said. In light of economic developments, Cambridge business operators were marked in their optimism. “In this economy, if you break even you’re ahead of the game,” Hassan said...