Word: totalization
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...most estimates, the No.2 U.S. car corporation is burning through more than $1 billion a month. As total American vehicle sales drop as low as ten million this year, Ford's financial situation will get worse, even if it gets concessions from the UAW and suppliers...
...tale. Even before the economic downturn, Borders didn't shine. "Their real estate was suboptimal in some markets, they were overexposed to music and movies, and they tried to go international, which didn't work," says David Schick, an analyst at Stifel, Nicolaus & Co. Then came the financial storm. Total sales dropped 11.7% during the nine-week holiday period that ended on Jan. 3, and sales at stores open for at least a year fell 14.4% during that time. In addition, the company was woefully late to the e-commerce game; it finally launched its own sales site...
...never forget the essential economic undertaking: busting rocks and moving dirt. You can't have Silicon Valley without first digging up the silicon, and even the smartest building starts out as a hole in the ground. So the news that Caterpillar is laying off 5,000 workers--bringing its total of recent layoffs to 20,000--only confirms that the economic contagion is spreading, from the executive floors of high finance to the bedrock world of tractors and dump trucks...
...group, which first protested Harvard money manager compensation in 2003, when Harvard Management Company paid its top officials a total of $107.5 million in salaries and bonuses, wrote in a letter to University President Drew G. Faust that “it is unquestionable [that managers] collected hundreds of millions of real dollars for having created value that was, as it turns out, largely fictional...
...Total reconstruction costs for Gaza as a result of the three-week offensive are estimated by the United Nations to be more than $1.5 billion - but the channeling of reconstruction aid into the territory is a contentious political issue. Israel and some international donors are reluctant to send funds through Hamas, which governs Gaza, for fear of "legitimizing" the Islamists, as Israeli Prime Minister Ehud Olmert says. One Hamas spokesman told TIME that the group's primary concern was rebuilding Gaza from the rubble. "We want to rebuild houses, not our military capacity," he said. But other Hamas commanders said...