Word: tuesday
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...billion modernization fund set up earlier this year, but environmentalists are adamantly opposed to such a move. And as House Speaker Nancy Pelosi's office pointed out, the companies factored in using at least $21 billion of those funds to get back on their feet in plans they submitted Tuesday to Congress...
...increased correspondence comes during a global economic crisis that has affected even the Ivory Tower. In the past few weeks, University President Drew G. Faust and FAS Dean Michael D. Smith have been sending out letters detailing news in Harvard finance—Tuesday, Faust announced a 22 percent drop in the endowment in four months from its June 30 value of $36.9 billion...
...What's unclear is if the Big Three, particularly GM, can last that long. Ford said in the recovery plan it submitted Tuesday that it can survive through 2009 without a loan - provided neither one of its two competitors goes bankrupt and drags down the industry's entire supplier network. But Chrysler asked for $7 billion in loans, and GM said it would need $4 billion by the end of this month and upwards of an additional $14 billion next year to survive. All told, the companies have asked the Federal Government for $34 billion (including a $9 billion emergency...
...Obama's staffers aren't the only ones who recognize that the Executive Branch could have an easier team pulling off such a rescue operation. On Tuesday Pelosi, made it clear that the Bush Administration has the authority to act at any time without Congress, saying that "an intervention will happen either legislatively or from the Administration ... I think it's pretty clear that bankruptcy is not an option." Until now, President Bush has been unwilling to consider such an approach. But on Tuesday, the same day the automakers reported their worst month of sales in 26 years, the White...
...declaration does not in fact mention gay marriage, and most of the nations that support it themselves don't allow people of the same sex to wed. Archbishop Migliore confirmed on Tuesday that the Vatican had also refused to sign a U.N. document last May in support of the rights of the disabled because it did not include condemnation of abortion, and the rights the fetus with birth defects. Vatican officials nevertheless voiced support for the central principles of the disabled rights document, which Migliore helped craft before the final decision to withhold the Holy See?s signature...