Word: sixes
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...core of Ford's decisions. With its sales down nearly 50%, there is no way for it to make it to the end of the year with its current debt structure. What the company is not saying is that it may not be able to make it another six months without outside help. There are only so many costs that can be cut for Ford to remain a viable global car company...
...Considering how far mineral prices have fallen, some analysts believe Chinalco might actually be paying a premium for Rio Tinto assets. But BOC International's Xu says "the price is much, much lower for the assets - particularly iron ore and copper - than it would have been just six months ago. This seems like a pretty good deal." As long as commodity prices are depressed, Chinese companies - having learned the pitfalls of "Going Out" - are likely to be ravenous buyers...
...month on, though, and the joke's looking less funny and more like an accurate prediction. Ireland's banks are edging ever closer to the brink of meltdown, and some analysts say six months looks a little too generous...
...bank's share price slid 90% last year. In any other country, worried customers would already be queuing to withdraw all their money. But so far Ireland has avoided a run on its banks, thanks largely to the government's decision in October to guarantee deposits in six Irish banks, as well as those in five foreign institutions, for two years. The Irish guarantee was heralded in some quarters as a model solution for restoring confidence, with several E.U. states following suit. But five months down the line, and with Ireland's public purse tightening, the government's promise...
...when, on March 3, the true national religion was targeted in an audacious commando-style attack on the Sri Lankan cricket team making its way to a test match in Lahore, the response was predictably overwhelming. Candlelight vigils were held not only at the scene of the attack, where six policemen and a bus driver died, but across the country. Entire newspapers were dedicated to coverage and editorials lambasted the attackers in an unusually united voice. Television anchors quivered in anger as they described the precipitous, and understandable, departure of the Sri Lankan team after the seven wounded players were...