Word: latested
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...watchers were alarmed last week when Wagoner had to insist that the company was not considering bankruptcy. Ray Young, GM's chief financial officer, conceded that the company will post a "significant" loss when it reports its second-quarter earnings, but, he told TIME after the announcement of the latest cuts, the talk about bankruptcy was "unfortunate." He said, "It's a distraction. We wanted to dispel any concerns anyone might have. Frankly, that's just not in the cards...
...forward to this meeting. The FAA didn't like me, and had never liked my reports, and if I had missed that message, a fresh signal had just been sent. Secretary Pena had been scheduled to come to this meeting. But then his office must have discovered that the latest airport report was not substantially different from the 1993 study. So he bowed out. The message seemed clear. The Secretary was seeking Washington's best protection--deniability. Pena didn't want to know about the security report. Since I insisted on discussing it, the Secretary had apparently decided...
Even at 88, Nobel Laureate Doris Lessing refuses to play the role of Britain's elder literary stateswoman. "As you get older, you don't get wiser," she says. "You get irritable." Her latest book, Alfred and Emily (out in the U.S. on August 5), recounts her childhood on a farm in Southern Rhodesia, and examines the profound effects of World War I on her father, a former soldier and amputee, and her mother, a nurse whose true love drowned in the English Channel. On the eve of the book's publication in the U.K., Lessing spoke with TIME...
...much will Paul's coolness toward Barr hurt the Libertarians? The party ticket is directed by Ross Perot's old campaign manager and is already polling a respectable 6% nationwide in the latest Zogby poll--exactly the same percentage that separates McCain and Obama. Not all of Barr's voters would be McCain voters, of course, but Barr did best with conservatives (7%) and independents...
...This latest spasm of political instability has spooked investors, sending Thailand's stock market down nearly 20% since late May. The index had already been a lackluster performer, with the country still recovering from the aftermath of the September 2006 military coup that unseated elected Prime Minister Thaksin Shinawatra. A billionaire tycoon who is generally loved by the poor and reviled by the rich, Thaksin was charged with corruption and his party was disbanded. On Wednesday, the first of many cases against Thaksin got underway in Bangkok, just as other courts were busy issuing rulings that dealt body blows...