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General Motors appears to be on a fast road to bankruptcy. CEO Fritz Henderson has already described a bankruptcy filing as "probable" as the Treasury's June 1 deadline for reorganizing the company draws near. Also, the fact that GM announced it was moving up its date for paying suppliers to May 28 from June 2 further suggests that bankruptcy is likely, says Brad Coulter of O'Keefe & Associates of Bloomfield Hills, Mich., which specializes in helping distressed manufacturing companies. "To me, it's a pretty clear indicator that they plan to file right around the June 1 deadline...
...bondholders complain that neither GM nor the Treasury has held any kind of serious discussion with them. In fact, CEO Henderson has described the offer to bondholders - 225 shares of GM stock for every $1,000 of bond face value - as a take-it-or-leave-it proposition...
...this fact that has always been responsible for the fault line between obstetricians - who are trained to view birth as a medical procedure - and midwives, who see it as that but as something less clinical too. And if a new study conducted by two researchers at Oregon State University (OSU) is any indication, peace is not likely to be brokered between the two camps any time soon. (See TIME's photos: ER's Long Goodbye...
...purpose to facilitate the politics of fear during the Bush years, but it was becoming a serious burden for US approaches to the Muslim world. It became obvious to many cool headed observers that, while the likes of al-Qaeda and other extremists were still dangerous, they were in fact small hard-line groups. The vast Muslim world was ready for a more respectful and sympathetic approach from a saner US government. How else can one interpret the joyous scenes that followed the election of Barack Obama in most Islamic countries. It was astonishing to hear of young students running...
...think corporations should give more attention to this suffering and should wait to invest until there is a responsible government in Burma. I do not think it is a good idea to separate economics from politics; in fact, I do not think economics can be separated from politics." -The Progressive, March...