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Automakers are scrambling for more small and fuel-efficient cars and hybrids as sales of once popular trucks and sport utility vehicles evaporate under the weight of rising fuel prices. "This was a watershed month," says Jim Farley, Ford Motor Co.'s group executive for marketing and sales, following news that the company suffered another huge drop in trucks sales in May. Trucks and sport utility vehicles accounted for 47% of Ford's sales as recently as February but only 34% in May, as consumers opted for compact and subcompact passenger cars. General Motors is adding a third shift...
Kramer said that he hopes that the sale will enable him to focus on Cambridge Local First, an organization he co-founded that aims to support local businesses in the area...
...eventual removal of Craigie Arms from the rent control roster did not have the feared negative impact on affordable housing in Cambridge, since the University invested much of the profit from the sale of the apartments in 1985 to the Harvard Emergency Loan Program (HELP) fund, a half million-dollar program designed to rehabilitate deteriorated low-income housing...
...league - club revenue grew 11% in the 2006/7 season to $3.6 billion, according to figures published Thursday by consultants Deloitte - the contribution from foreign players, coaches and investors has grown rapidly in recent years. With legions of foreign stars lured by the piles of cash accumulated from the lucrative sale of TV rights, only a third of players starting games last season would have qualified to play for England. Foreigners now own eight of the 20 teams: Russian Roman Abramovich owns Chelsea, Americans George Gillett and Tom Hicks own Liverpool, and former Thai Prime Minister Thaksin Shinawatra owns Manchester City...
Ripley, a senior writer at TIME, covers homeland security and risk. This article is adapted from The Unthinkable: Who Survives When Disaster Strikes - and Why. ? 2008 by Amanda Ripley. To be published by Crown Publishers, a division of Random House Inc. On sale June...