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...availability of credit, it's unemployment" that's hurting California sales, he says. Mike DiGiovanni, GM's general director of market analysis, says the present economic numbers suggest that a modest improvement in economic conditions is under way but that it's still very fragile and could use more stimulus. GM's lawyers warned in bankruptcy court that the company might have to start the liquidation process by mid-July if it is not guaranteed an exit from bankruptcy in the next 30 to 60 days. (On July 5, Judge Robert Gerber of the U.S. Bankruptcy Court for the Southern...
...areas. But geese numbers have grown so large that no one will take more birds. So now - usually in June, when geese are molting and can't fly - birds in many areas are being captured and gassed with carbon dioxide. Also, at some airports, workers are being trained to use shotguns, in case birds get too close to active runways. "Shooting one or two birds prevents them from damaging the plane - and it sends a message to the rest of the flock," says Gosser...
...work of left-leaning blogger Matthew Yglesias--he advocated "crude measures" like the old ban on interstate banking. Lately, though, I've been hearing similar suggestions from those of a conservative, University of Chicago bent. "When you give a lot of discretion to regulators, they don't use the tools that are given to them," Chicago economist Gary Becker said at a conference this spring. His prescription: rules, not leeway...
...idea of our annual making of America issue is to use history to help explain the challenges of the moment. No historical figure does that better than Franklin Delano Roosevelt. This is not a new idea, of course--we did a cover image of President Obama in the guise of F.D.R. back in November. But this week, we dive deeply into F.D.R.'s Administration and discuss what the new President can learn from how F.D.R. dealt with both the Depression and a gathering international storm. As former President Bill Clinton writes in his insightful back-page essay, "Roosevelt...
...Those challenges didn't deter voters from turning out in April's legislative elections, when Yudhoyono's Democrat Party came out on top with just over 20% of the national vote. That victory was predicted accurately, which might help explain why the challengers are now using these last days to launch attacks on the credibility of the upcoming polls. Few, however, expect it to work. "S.B.Y.'s popularity has gone up and down the past year along with the rise and fall of prices for fuel and basic goods," says Purboyo Yudha Sadewa, chief economist at Danareksa Research Institute...