Word: union
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That surely boosted the confidence of prospective car buyers and sent a strong message to the United Auto Workers union and bondholders that the government is dead serious about implementing a major restructuring of both companies - and won't wince at bankruptcy if that's what is required to get the job done. GM's new CEO, Frederick A. Henderson, basically repeated that message at his Tuesday-morning press conference, even going so far as to say that bankruptcy was now "more probable," though not desirable. (See pictures of the remains of Detroit...
...Indeed, from Union Jack jackets to platform sandals and Liberty printed chiffon gowns, the mix of Topshop's trend-driven merchandise can appeal to a broad selection of consumers. The price is also right: Topshop's coveted Baxter jeans are $80, and the average shoe price is about $100. The brand's Oxford Circus flagship store in London - which, at 90,000 sq. ft., is one of the biggest fashion retail spaces in the world, is a favorite pit stop for celebs like Chloë Sevigny, Keira Knightley and Kirsten Dunst. In New York City, Green and his team...
...events were part of an effort to “improve the relationship and communication between Chinese and American students,” according to delegate Ren Yiyue, executive president of AYCF and student union president of Xi’an Jiaotong University in China. [SEE CORRECTION BELOW...
...informal body that groups together not just the leading advanced industrial economies, who have their own club in the G-8, but also "emerging market" nations such as India and China, together with middle-income economies such as South Korea and Mexico. Together, the 19 nations (plus the European Union, which explains the 20 - though the World Bank and IMF are also members of the G-20, just to confuse things) account for about 90% of world GDP, 80% of world trade and two-thirds of the world's population...
...European nations underline their rising aid contributions, their support for police and civilian projects, and even increases in troop levels. Combined European Commission and European Union government aid to the country for 2002-2006 totaled $5 billion, with an extra $1 billion earmarked for 2007-2010. Dutch Foreign Minister Maxime Verhagen told the conference that the challenge now was far more than just killing terrorists, and involved security, governance, social and economic progress, and regional integration. "Afghanistan is not an island," he said. "Its challenges are interlinked with the region through ethnic, religious and political bonds." (See TIME's special...