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...billions in TARP aid President Bush authorized for Chrysler and GM will buy Chrysler some time, there are difficult issues ahead. Unless labor costs can be brought down to parity with the foreign transplants, and without the restructuring of Chrysler's debt, the company cannot be restored to long-term health and the government loan will be unlikely to be fully repaid. (Read about GM's, Ford's and Chrysler's bailout plans...
...Americans may suffer a moment of sticker shock from the conclusions of the CSBA report and similar assessments from the Government Accounting Office (GAO) and Congressional Research Service (CRS), which make clear that the nearly $1 trillion already spent is only a down payment on the war's long-term costs. The trillion-dollare figure does not, for example, include long-term health care for veterans, thousands of whom have suffered crippling wounds, or the interest payments on the money borrowed by the Federal Government to fund the war. The bottom lines of the three assessments vary: the CSBA study...
...invest, but to hoard cash for worse times ahead. It wouldn't be hard to imagine regular people doing the same thing with home equity lines of credit. When it came to lending between banks and the commercial paper market, the economists pointed to a shift toward shorter-term lending. Even if overall volumes were holding steady, a reliance on overnight loans would nonetheless indicate that lending wasn't working as usual, they argued...
...especially heightened nowadays." A poll recently conducted by Opinion Research Corp. and sponsored by popular dating site eHarmony backs up Leibmann's theory. Of 1,092 respondents, those who said they felt stressed by the current economy were 14% more likely to aim to be in a long-term relationship within a year, compared with those who were not stressed by the economy. (See the 50 best websites...
...like being in the minority. It's not that much fun, and the prospects for the future don't look that good." -on his planned retire from Congress after finishing the present term, Seattle Times...