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...accept that troubled-debtor logic, then it's only fair to apply the same logic to the money owed by Chrysler to the UAW's VEBA - so its chips should be marked down as well. (In fact, by law the VEBA's IOU is junior to the bondholders' IOU.) Thus, the VEBA's IOU should not translate into a 39% equity stake but a small sliver of that. (Read about Detroit's attempts to renew itself...
...first beat as a fledgling sports reporter last spring was wrestling, a vacancy left for a freshman because it had escaped the interest of even my fellow sports fanatics. I had never seen a wrestling match (my high school didn’t have a team), and thus pored through the NCAA rulebook for help, too afraid to ask the athletes about the basics (junior co-captain Louis Caputo may be a gentle soul, but a meeting in person makes it painfully obvious that he could kill you with his bare hands...
...Thus far, the only two cases of swine flu confirmed in Massachusetts remain those contracted by two boys in Lowell, Mass., who are currently recovering from the illness after a recent trip to Mexico, The Boston Globe reported Wednesday...
Where Green is tried could be a matter of his life and death. While the Army punishes murderers severely, it has rarely executed soldiers in the post-World War II era; the last time it did was in 1961. Green's lawyers have thus maintained that it is fundamentally unfair that their client faces a much harsher potential penalty than his already convicted co-conspirators, for whom the Army did not seek death and who will be eligible for parole in 10 years. The day before the trial began, federal prosecutors asked the judge to have this line of argument...
...Coalition for Immigration Reform, the San Diego Minutemen and various Save Our State groups have joined the chorus, sending out a barrage of e-mails to supporters and engaging in Web chatter about the perceived threats from Mexico. The push has gained some traction in Washington, while being rejected, thus far, by the Administration. "The public needs to be aware of the serious threat of swine flu, and we need to close our borders to Mexico immediately and completely until this is resolved," New York Democratic Congressman Eric Massa, a member of the Homeland Security Committee, said earlier this week...