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...lowball - bid seems the wrong word - offer went like this: If the U.S. government would wipe out Chrysler's shareholders, buy out its bondholders, cut wages and jobs, deal with its retirement liabilities and fund the warranties, then Fiat would take a crack at Chrysler. The Italians would bring their cars to Chrysler's showrooms and share their advanced diesel technology with Chrysler engineers. Chrysler might sell some cars in Fiat's markets - Jeeps may have the best overseas appeal. Marchionne would lend his managerial chops. And if things worked out, Fiat would take a controlling share...
...Participants in the activity grew from 4.3 million to 12 million between 2001 and 2008, according to a recent study. Of the 12 million people who reported doing yoga in the past six months, nearly one million said they were trying it for the first time. Since the recession went from painful to disastrous in September 2008, yoga studios throughout the country have reported increased traffic. Irene Narissi, a New York City yoga instructor, says her business has jumped 10% to 15% over the past seven months. The feedback from new clients: they are either unemployed and want to maintain...
...translation of Charles Dickens' Great Expectations, whose character Pip Marceau, fused with Charlie Chaplin's screen persona, was inspiration for the French mime's Bip. The biggest take of the day was a 1960 portrait in oil of Marceau by André Quellier titled Bip and the Masks, which went for $24,300. (Watch a video on Dickens' world...
...referred to here as football - has been slow to catch on in China. When the Republic of China was founded in 1949, authorities took control of the development of all sports and turned them into yet another political project to achieve international recognition. Almost all resources for sports development went to élite sports schools that serve as talent pools to represent China in international sports events. Amateur sports, with little political significance, have been largely ignored. China established its first professional football league in 1994, following the example of European leagues. The system, however, never fully embraced the market...
...When news of the killing began to trickle into Punjab, state authorities went on alert. Although there is no specific history of Ravidasia-Sikh violence in Punjab, violence has taken place between followers of various sects across the state, mostly with support of lower castes among both the Sikhs and non-Sikhs. By Monday afternoon, large-scale rioting spread to six districts, leading Prime Minister Manmohan Singh, himself a Sikh, to issue a televised appeal. "Invoking the teachings of the Gurus, I appeal to all sections of people in Punjab to maintain peace," he said. The situation has spun...