Word: wednesday
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...move followed a week in which the Big Three announced plant closures or sharp cutbacks in operations in advance of the holidays. Chrysler announced on Wednesday that it is preparing to shutter all 30 of its manufacturing plants, starting Friday, through Jan. 19. "Part of this was planned already," said Lori McTavish, Chrysler's director of communications. (See pictures of the remains of Detroit...
...distress. Annette Sykora, chairwoman of the National Automobile Dealers Association, said that with each passing day, more dealerships are closing and more people are losing their jobs. "We've heard encouraging words from the White House, but time is of the essence," Sykora announced in a written statement on Wednesday. This year alone, 900 dealerships out of 19,700 are expected to close. (See pictures of the most important cars of all time...
With the exchange rate hovering just below 90 yen to the dollar, and having risen to 87 on Wednesday after the U.S. cut interest rates, the Bank of Japan decided on Friday to cut its benchmark rate to 0.1%. The move was done on a near unanimous vote among policy makers. However, with its overnight rate already at 0.3%, it is unclear what such a small rate cut could achieve...
...Harvard men’s basketball team scored 42 of its 63 total points from long range on Wednesday night, shooting a blistering 67 percent from behind the arc, but it could not overcome Rice’s second-half comeback as the Owls (4-5) beat the Crimson 67-63 at Tudor Fieldhouse. Harvard (4-5) took the lead in the final minute with two free throws by junior guard Jeremy Lin, but Rodney Foster answered for the hosts with a three pointer with 40 seconds to play to give his team a 62-61 lead it would...
Nearly two weeks after they began, the protests across Greece have not stopped. Noisy demonstrations continue almost daily in front of Parliament, youths stormed a local TV station in Athens, and protesters Wednesday unfurled banners over the walls of the Acropolis calling for "Resistance" across all of Europe. Black-hooded anarchists still storm banks and smash storefronts. For a couple of days, the intensity of the protests seemed to ebb but on Thursday, civil disobedience degenerated back into all-out civil disorder. With the "pop-pop" of launched tear gas canisters, Christmas shoppers and cafe customers who had finally returnd...