Monthly Archives: June 2009

Planeloads of Hardship

Airlines are ferrying laid-off Indian workers back from Dubai to Thiruvananthapuram, Kozhikode and Kochi, principal cities in the southern Indian state of Kerala. Their one-way ticket presents a double dose of trouble: Much of the $8 billion they send home from the Gulf with be diminished, and the workers will add to the rolls of the unemployed.

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Visualize Recovery

Moody’s Economy.com offers an interactive map that shows a number of nations with expanding economies, and those headed in that direction.

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Homes for Half Price

Across the United States, unsold condos are hitting the auction block at steep discounts. How about a Philadelphia penthouse for less than $500,000?

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GM: Part 2

A Wharton management professor who closely studies the global auto industry says he is cautiously optimistic that the Obama administration’s plan to trigger a transformation of General Motors might just work, despite a daunting array of challenges.

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GM: The Last Option

With its prepackaged bankruptcy filing today, GM truly becomes America’s car company. The U.S. government is prepared to invest another $30 billion to help transform it into a smaller and more competitive player in the global auto business.

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