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...blue for Chrysler, Cerberus' other problem child. Though the 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...
...about this week's coup, and are pushing for elections within six months - about 18 months earlier than the date the junta has set. Former colonial power France condemned the military takeover and U.S. State Dept. spokesman Robert Wood said U.S. non-humanitarian aid to Guinea might be suspended unless there were elections and a "restoration" of "civilian, democratic rule...
...Forced Marriage Act may inadvertently discourage women from seeking help. Sumanta Roy, acting director of Imkaan, a nonprofit organization in the U.K. run by Asian refugees that advocates for women and children facing domestic violence, does not think most women who are in forced marriages would seek legal remedy unless they were sure they had access to housing, job training and other social services first. "We're concerned that this law may deter some women from coming forward, since you're asking them to completely isolate themselves from their family and community in a very public way," says...
...stop this from happening again? How about some basic oversight and transparency for all private and public funds? How about making private, under-the-radar investment groups illegal unless registered? Is this asking too much of our regulators, when a $50 billion investment fund can be run by a little man with gray hair in baseball cap behind a curtain of secrecy and nobody knows what the trades are or who's making them...
...dropped." Russia's weakness prompted Ford to trim production at its new assembly plant near St. Petersburg. "We're even seeing weakness in South America, where sales were very strong right through September," he said. Ford, however, has enough cash to make it through 2009. "We have sufficient liquidity unless a crisis happens," he said...