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...even that amount would be dwarfed by the costs of the alternative: the entire (or even just part of) the auto industry going under. Some Republicans like Corker argue that a bankruptcy reorganization - potentially aided by temporary government financing - is the only way for the automakers to make the serious reforms (closing factories and dealerships and cutting union wages and benefits) necessary to make them truly competitive with foreign competition. But Zandi stated what many experts believe, that bankruptcy for the already ailing automakers would mean only one thing: total liquidation and a potential loss of hundreds of thousands...
...Somalia's Struggles Somalia is yet another example of international failure [Nov. 24]. Had the U.S. been serious about fighting terrorists and stabilizing the world, Iraq would still be ruled by Saddam Hussein and Somalia would be under U.S. control. Somalia is the place that supports terrorism and threatens world interests by hosting the pirates that launch attacks on one of the world's busiest trade routes. Those are real threats. That the international presence in Somalia is about to cease entirely is outrageous. Daniel Hokfelt, Jönköping, Sweden...
...would be a mistake, however, to interpret the financial world's sanguine reaction to such a serious attack on India's financial and commercial capital as a sign of great hope for India's future. Business comes to India simply because it can't ignore a billion-strong consumer market with an economy growing at 7% a year even in a global recession. But investors have come to realize, as anyone who lives in India has, that the rising superpower once touted at the World Economic Forum in Davos, Switzerland, as "Incredible India" has been oversold. Some of its strengths...
...Vials of blood were being analyzed next door. A robot shook them, thick as mud.” Although Lewis described poetry as an avenue through which to explore unsettling life situations, she maintained that poetry should not be used to cure depression. “Depression is a serious medical problem, and if you have it, you should go straight to the doctor,” she said. “I believe that writers have to be happy and well in order to write.” Dean of the Radcliffe Institute Barbara J. Grosz described Lewis?...
...November, they demanded that Maliki suspend the pro-government groups until their legality could be determined. "For us to begin today to form councils paid for by the national budget to assume a role that has no known institutional or legal place, this is a situation that needs a serious pause," the council said in a statement posted on its website. The Prime Minister's critics say the so-called Support Councils are a blatant bid to buy influence at the expense of other parties, including Maliki's coalition allies, ahead of provincial elections slated for Jan. 31. Some...