Word: car
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...participants, says Gumbel. It may also be able to openly discuss issues with which Britain's famously stuffy elite remain uncomfortable. Even in cases were all material wants are met, Gumbel says, there remains a "spiritual hunger" among London's wealthy youth. "No matter how nice your house or car is, there's something missing," he says. "If you go to the pub and ask what the meaning of life is, people will just laugh at you. But if you can find a group of people who are like you, and want to discuss these questions...
...That isn't to say Daewoo's demise wasn't painful. The government and banks stage-managed Daewoo's unwinding to soften the blow to the economy. The group was broken apart. Some assets were sold. (Ironically, GM acquired some of Daewoo's car company.) Other affiliates got debt restructurings; a government agency bought up Daewoo loans from the financial sector at a discount. Billions were lost. But the whole concept that Daewoo was too big to fail proved false. The reality was that Daewoo had become more burden than boon. Many of the loans it had gobbled up were...
...crisis. The end of Daewoo, one of the country's four largest industrial conglomerates, was a shocker, but not because anyone was surprised by Daewoo's abysmal financial condition. That was obvious. The group was amassing dizzying amounts of debt in an ill-conceived global expansion (especially at its car company). A year earlier, I had called Daewoo's madcap strategy "corporate suicide" in the Wall Street Journal. The surprise was that policymakers and bankers had the guts to allow Daewoo to collapse. Daewoo was an icon of Korea's astounding economic miracle. Aside from cars, group companies made trucks...
...auto companies then did their part, with Chrysler recently announcing it would shut down operations for a full month, raising the threat of catastrophic liquidation if someone in Washington didn't cough up some money. Bush's hand was forced. In theory, the job of saving the car companies would have gone to the Commerce Department, but its chief, Carlos Gutierrez, doesn't have access to the kind of money Detroit needs, so Bush gave the job to Treasury Secretary Hank Paulson...
Ease Your Getaway. If you're flying out of Atlanta for the holidays, kick off your travel with a touch of luxury. Book a room with the "Park Here, Fly There" package (promotional code PKF) at the Renaissance Concourse Hotel Atlanta Airport, and you can leave your car in the hotel parking lot for up to 10 days. The hotel will shuttle you free to and from the airport. Rooms start at $105 on weekends, and $165 on weekdays. One Hartsfield Centre Parkway, Atlanta...