Word: tensed
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Creditors are not the government's biggest problem with GM, although they would like the public to think debt is the headache everyone should focus on. A bankruptcy judge could force a large cut in health and retirement benefits for UAW members. That would be on top of what is...
The issues of creditors, employment, and the survival of suppliers are not the real problem behind the government's concerns about the ultimate fate of GM. The real concern is that what happens at the auto company sets a precedent for the next bailout of a large American non-financial...
Terry Sanderson, the society's president, says the group started the online de-baptism initiative five years ago to mock the practice of baptizing infants too young to consent to religious rites. Their web site invites visitors to "Liberate yourself from the Original Mumbo-Jumbo that liberated you from the...
The years of war and instability after the fall of Saddam Hussein's regime in 2003 have provided unfettered opportunities for criminal elements, including traffickers, to profit. Nobody knows for certain how many Iraqi women and children have been sold into slavery since then. Some Baghdad-based activists put the...
CLSA analyst Chris Wood says that recent improvements in China's economy can be attributed partly to a surge in bank lending that began in November. This, he notes, could only happen in an authoritarian country such as China, where the government can - and did - order the banks to lend...