Word: rescuees
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With the clock ticking on the hemorrhaging U.S. auto industry, the Bush Administration agreed to come to its rescue by offering a total of $17.4 billion in loans in exchange for concessions from the ailing companies and their workers. A majority of the funds will be offered to General Motors...
As I watch the Big Three bailout saga unfold in Washington from halfway around the world here in Hong Kong, a phrase comes to mind that used to be commonly heard in Asia: "Too big to fail." There was a time when politicians, bankers and bureaucrats in Asian countries thought...
There is another story in all this, of course. President Bush is approaching Hoover-Buchanan levels of end-of-office ignominy. His evident discomfort at unveiling the auto plan Friday morning comes, in part, from the ideological anomie he feels at the massive government intervention in a once major part...
Local Philanthropy Re: The Jet Age [Dec. 8]. it has always been fashionable for magazines like Time to exclusively profile Western saviors "parachuting" into Africa, Asia and other "helpless" parts of the planet to rescue people from hunger, disease and natural disaster. By featuring on Time's cover a Chinese...
Whose Hero? Re "The Jet Age" [Dec. 8]: It has always been fashionable for magazines like TIME to exclusively profile Western saviors "parachuting" into Africa, Asia and other "helpless" parts of the planet to rescue people from hunger, disease and natural disaster. By featuring on TIME's cover a Chinese...