Word: monday
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Meanwhile, the outlook for the entire industry remains grim. Show rooms across the country are empty. Furthermore, in spite of Monday's huge upturn on Wall Street, GMAC, the finance company owned jointly by GM and Cerberus, did not loosen its strictures on credit, announcing it would not underwrite loans for any customer who did not have a credit score of at least 700, effectively shutting out the majority of buyers. Said GMAC spokeswoman Sue Mallino: "The company currently expects these actions to remain in place until the credit markets stabilize and accessibility improves...
That happened Monday morning in Virginia Beach. Republican nominee John McCain, in his latest attempt to restart a faltering effort, said the following about the U.S. at the end of the Bush years. Keep in mind as you read this that McCain is the nominee of the incumbent party...
...fresh move McCain made in his Monday speech was to try to add Democratic congressional leaders Nancy Pelosi and Harry Reid to Obama's team. Given how deeply unpopular Congress is, trying to present himself as a positive vote for divided government makes sense. But why did he wait until he was so close to the finish line to try it? And how will his fellow congressional Republicans running tight races take to being thrown under the bus like that...
...Despite the measured optimism engendered by that start to an historic week, all eyes will be looking with a mix of hope and fear towards Wall Street as its Monday opening nears...
...reacted with hope - or at the very least with calm - to moves made on both sides of the Atlantic over the weekend to convince traders to suspend the Great Stock Dump-a-Thon that eviscerated indices for most of the previous week. After Asian markets progressed with modest gains Monday, trading in Europe opened with similar advances, with France's CAC 40 and London's FTSE surging nearly 6% after the morning's opening...