Word: yorke
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Sympathetic Democrats like Charles Schumer of New York suggested that the most realistic solution would be to appropriate just enough money to keep the companies alive until early next year, when a new Congress and Administration can tackle the complicated issue in a more comprehensive fashion. But even if a short-term fix of, say, $15 billion, is approved to keep Detroit going until the end of March, there is still disagreement over many details. Republicans want to take the money from a $25 billion modernization fund set up earlier this year, but environmentalists are adamantly opposed to such...
...Retail and Services: Nationwide, retailers experienced flat or declining sales, even as stores introduced bargains and layaway programs for people unwilling or unable to buy on credit. A large chain near New York credited the region's unseasonably cold weather for relatively decent sales of outdoor and winter apparel in November, while the only retailer to report an increase in sales in the Fourth District, which includes Ohio and Kentucky, was a national discount chain. A domestic car dealer in West Virginia told the Fed his average sales have gone from 250 cars per month to just six in November...
...have to shrink to two. Chrysler, which burned through $3 billion in cash in its last quarter and has $6.1 billion left, is looking for more partners like Nissan, which is already contracted to build a small car for the company. Chrysler's owner - Cerberus Capital Management, a New York City private-equity firm - got a lemon when it bought 80% of the company from Daimler for $7.2 billion last year. A merger could...
...admits, is on a day with "decent wind." A few nuclear plants can power more lightbulbs than that, and you don't have to sit around waiting for a breeze. Americans need to look at how France is getting nearly 80% of its electricity. Stephanie Gutmann, Piermont, New York...
...Bordering on War The shock of the attacks and the slow agony of watching the three-day siege unfold on television immediately invited comparisons to the Sept. 11, 2001, acts of terror in New York City. "This is our 9/11," was the refrain heard from both Mumbai's citizens and other Indians. It wasn't long before someone followed that thinking to its logical conclusion: bomb Pakistan, just as the U.S. bombed Afghanistan. Simi Garewal, a former actress and talk-show host, said on a cable news show that "America gave out the right signals to the world that they...