Despite the pressure of Chrysler’s April 30 deadline to pull off a rescue package — or face potential bankruptcy — the United Autoworkers has been in no rush to make concessions. “As I see it, the United Auto Workers union has a choice
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Washington Wrestles the Somali Pirate Problem On Land
The celebrating over Sunday’s daring rescue of Richard Phillips, the ship captain held hostage by Somali pirates, didn’t last too long at the Pentagon. Defense Secretary Robert Gates acknowledged Monday that the kind of Navy snipers who took out the three captors are only a stopgap way of dealing with pirates now sailing the Gulf of Aden. “There is no purely military solution to it,” Gates told an audience of the Marine Corps War College in Quantico, Va.
Girding for the Pirates’ Revenge
The rescue of Capt. Richard Phillips, the American sailor held hostage by Somali pirates, came to a dramatic and happy conclusion on Sunday night off the coast of Africa. However, the problem of piracy in the Gulf of Aden remains — and may only be getting worse.
Is AIG Spending Too Much on Public Relations?
AIG CEO Edward Liddy was a model of fiscal discipline. Appearing before Congress last month, he committed the bailout billionaire to pay back its government loans, clean up the financial mess it created and act as “good stewards of the public funds we have received.” So why is AIG spending tens of thousands of dollars every month on four big p.r
Chocolate Sales: A Sweet Spot in the Recession
It is just days before Easter and housewife Laure Bertini walks the aisles of the Manor supermarket in downtown Geneva, looking for holiday treats. “Chocolate will always be at the top of my shopping list, regardless of the economy,” she says, filling her cart with gold-foil-wrapped chocolate bunnies from the Swiss maker Lindt
YouTube, Sony Pictures in talks over feature films
YouTube is in talks to acquire licensing rights to full-length content from Sony Pictures, home of such films as "The International" and "Spider-Man," sources familiar with the negotiations told CNET News. Details about what a final agreement could look like are sparse, but any partnership between the two powerhouses would likely benefit both. Representatives from both companies declined to comment
It’s High Time
For the past several years, I’ve been harboring a fantasy, a last political crusade for the baby-boom generation.
The G-20’s Hidden Issue: A Global Trade Imbalance
No one asked President Barack Obama directly about the elephant in the room on Wednesday. But he brought it up anyway, during a joint press conference with British Prime Minister Gordon Brown
Israel’s New Leader: Can the U.S. Work with Netanyahu?
A right-wing Israeli government, led by Prime Minister Benjamin Netanyahu, was sworn in on Tuesday, and its refusal to accept a two-state solution with the Palestinians has already set it on a collision course with the Obama Administration. Netanyahu’s showdown with Washington may happen soon.
On Eve of G-20, Obama Promises to Listen, Not Lecture
It was a meeting of hope and experience. President Obama, on whose elegant shoulders the expectations of not only his U.S