Word: manness
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...Currently, the Administration's attention is on The Motor City where unemployment has hit 22%. Steve Rattner, a former media industry investment banker who has somehow become the Treasury's point man for the car business, says that GM (GM) and Chrysler will need more money than had been previously forecast. His comments are those of a man driving into the future while looking into the rearview mirror. Once U.S. light vehicle sales dropped over 30% the first two months of the year it was clear that the American auto companies would lose billions of dollars more than they forecast...
...government says that Detroit is a "strategic" part of the economy. Saving The Big Three is as important as keeping the nation's large banks operating to maintain the flow of credit. But, the comparison is bogus. As John McCain, a military man much of his life, liked to point out to the President during the election, there is a difference between strategy and tactics. There is nothing strategic about Detroit. Over 50% of the cars sold in the U.S. are made by foreign companies. There is no reason that the number cannot go to 80%. It serves the national...
...March 20 the EPA sent what is called an "endangerment finding" to the White House, a proposal that means the agency found that there is a scientific case that man-made global warming poses a threat to human welfare. (Reporters found out about the EPA decision the following Monday, after it was posted on a government website.) The finding is a response to an April 2007 Supreme Court decision ordering the EPA to figure out how CO2 from cars should be regulated under the Clean...
...even as Burmese friends piled up caveats as high as the spires of the tallest pagoda, I could sense an awakening political consciousness that excited them. One young man, in a remote town I will not name lest I get him in trouble, confided that he and his friends had organized a study group to debate the merits of electoral politics. (One of the participants also runs a free class called "The Secrets of Gmail: a Pre-Advanced Course.") In northern Burma, where minorities recall that ethnic-based parties came in second and third in the 1990 polls - the army...
...Some eight years ago, I covered village elections in China, where the victors - farmers in Mao suits with dirty fingernails - were barred from taking office by the incumbents and eventually jailed on trumped-up charges. One man was so harassed that he committed suicide. This doesn't sound like a heartwarming tale of democracy's triumph. But what has evolved in these villages - despite all the injustice - is a dawning sense that people, even poor people, have rights. In societies cowering under oppression, such a realization is revolutionary...