Word: interests
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...marriage. Fiat and Chrysler announced a nonbinding deal Tuesday to create a partnership that will give the Italian automaker a 35% stake in the smallest of the badly strapped American Big Three. The joint announcement stipulated that Fiat's commitment to its struggling partner would be solely an equity interest and that "the alliance does not contemplate that Fiat would make a cash investment in Chrysler or commit to funding Chrysler in the future." (See the best cars from the 2009 Detroit Auto Show...
Carter and Clinton aren't the first ex-presidents to take an interest in the greater good. Rutherford B. Hayes became president of the National Prison Association after taking notice of the atrocious living conditions most imprisoned Americans endured. Herbert Hoover, reviled for years because of his contribution to the Great Depression, earned a second chance when Harry Truman asked him to head the Famine Emergency Commission - responsible for distributing food to nations devastated by World War II - and another commission tasked with reorganizing the government and eliminating waste. President Carter, of course, established the Carter Center, devoted to supporting...
...cuts cross pressured all of the GOP groups," said a top Republican lobbyist who described Obama's transition as "brilliant." "How do groups like the U.S. Chamber of Commerce or the National Association of Manufacturers come out against them? He very quickly picked off all the important interest groups and locked in a lot of votes with those proposals...
...Clearing access to credit for banks, firms and consumers is crucial. Interest rates may be at their lowest since the Bank of England was created more than 300 years ago, and the banking industry may have already received $55 billion in government money, but nervous British lenders are simply not lending enough. The result: British GDP will tumble 2.7% this year, Ernst & Young forecast on Monday, the biggest drop since 1946. "Without additional government intervention," it added, "a deep recession could evolve into a depression...
...returned my calls in roughly a year. She has, however, sent me a poinsettia, poked me and placed a gift beneath my Christmas tree. She's done all this virtually, courtesy of Facebook, the social-networking site on which users create profiles, gather "friends" and join common-interest groups, not to mention send digital gifts. Although Jenny has three children, ages 4 to 14, and rarely finds time for visits, phone calls or even e-mail, the full-time mom in upstate New York regularly updates her status on Facebook ("Jenny is fixing a birthday dinner," "Jenny took the kids...