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What is left unsaid in the news from Ford is that it is academic whether aid for the car companies comes from their private debt holders or the government. The UAW will bend to another round of concessions. At the rate at which The Big Three probably lost money last month, the industry could need $50 billion or more in financial support between now and the end of this year. That assumes that car sales drop at a rate of only...
...According to the First American CoreLogic report, the states with the highest percentage of negative-equity borrowers are the usual suspects. After Nevada (55.1%) and Michigan (40%), Arizona (31.8%), Florida (30.3%) and California (29.5%) round out the top five. Those statewide averages, though, mask a lot of local variation. One pattern: exurbs, where homes are newer and loans more likely to have been signed during the bubble years, are harder hit. For instance, in the metro area that includes Los Angeles, 23% of homeowners are faced with negative equity. Fifty miles to the east, in the area that includes Riverside...
...Still, both countries recognize that they have much to gain from assuming a leadership role on climate change. This December, 190 countries will convene in Copenhagen for the third and final round of meetings to negotiate a successor to the Kyoto Protocol, the existing global framework on climate change. Until recently, many in the international community were downbeat about the prospects of effective legislation to come out of Copenhagen. Yet clean energy figured prominently in Obama’s stimulus package, renewing hope among many that American initiative on global warming might galvanize the world’s other largest...
Before coming to Harvard, Rogers was drafted by the New York Islanders in the fourth round of the 2006 NHL Entry Draft. The prospect is a well-rounded player known for his shooting ability and passing vision...
This weekend, the fifth-seeded Crimson will face last-place Brown in a best-of-three series in the opening round of the ECAC playoffs. In two games against the Bears this season, Rogers did not score and Harvard tied both contests. If Rogers nets one this time around, the final result will probably be different...