Word: sharing
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...without financial help when the domestic market is only supporting 11 million or 12 million sales a year. However, the by-product of this process is that at 16 million unit sales, which is the level from just three years ago, Detroit may be forced to give up market share because it cannot replace its old plants and labor infrastructure fast enough to take advantage of a modest but rapid sales recovery. At a 20% market share, GM will only have to produce 2.2 million vehicles in the U.S. this year. If it wants to keep that share when sales...
...Following the collapse in September of U.S. investment bank Lehman Brothers, RBS's depleted capital reserves - a consequence of that ABN deal - meant "the spotlight fell on us, and the share price dropped 60% in two days," Goodwin said. Added McKillop: "We are sorry we bought ABN Amro." At HBOS, said Hornby, who stepped down as its CEO in 2008 after only two years in the job, "years of reliance on wholesale funding left us in a vulnerable position." No kidding. When the meltdown in those markets occurred, HBOS was history. "The fundamental mistake that HBOS made was," said Stevenson...
...voyages we?ve seen. George Herbert Walker Bush's initial days in office were marked more by symbolism than substance - he was hardly trying to execute any fancy dives. Bill Clinton's first two weeks - studded by a needless political explosion about gays in the military and its own share of household employee miscalculations - made Obama's seem wildly successful. (See how the world is cashing in on Obama...
...Biden, unveiling the broad contours of Obama's new foreign policy framework, made clear that the cost to Europe for a greater share in the decision-making would be a willingness to shoulder a greater share of the burden. While pledging to abide by international rules, fight climate change, engage with the Islamic world and "press the reset button" with Russia, Biden warned that Washington would also expect changes from Europe. "America will do more. That's the good news," he said. "The bad news is that America will ask for more from our partners as well." (See pictures...
...while Britain and the Netherlands have troops on the frontline, other allies insist that reconstruction is as important as combat and refuse to redeploy. Speaking yesterday in Munich, British Defense Secretary John Hutton scolded his NATO allies for not stepping forward to share combat duties, warning that there could be no freeloaders in the fight against the insurgents. "It is better to volunteer than to be asked," he said, denouncing the European habit of "looking to the Americans to do all the heavy lifting...