The Obama administration says that Chicago winning its bid for the 2016 Olympics would be good for the city’s economy. The same argument has been made by many Olympic bidders — but the proof is sketchy. » E-Mail This » Add to Del.icio.us
Tagged bid-for, but-the, chicago, city, del-icio-us, good-for, has-been, obama, olympic, olympics, proof, same-argument, the-2016, the-city, winning-itsThe news, coming after shareholders had stripped Lewis of his chairman’s title earlier this year, wasn’t surprising because of the heavy pressure he came under after the company’s acquisition of Merrill Lynch & Co. » E-Mail This » Add to Del.icio.us
Tagged after-the, coming-after, del-icio-us, his-chairman, lewis, surprising-because, the-heavy, yearAutomaker General Motors on Wednesday announced it would close its Saturn division after a deal to sell it to Penske Automotive Group Inc. fell apart. Penske was unable to find a manufacturer to supply vehicles after a contract with GM runs out in 2011. » E-Mail This » Add to Del.icio.us
Tagged automaker-general, contract-with, division-after, fell-apart-, group, group-inc-, img-alt, motors-on-wednesday, npr, penske, penske-automotive, runs-out, saturn, supply-vehicles, wednesdayCiting concerns of whether it could continue to supply vehicles after a manufacturing contract with GM ran out, Penske Automotive Group ended talks to acquire the brand Wednesday. » E-Mail This » Add to Del.icio.us
Tagged acquire-the, acquire-the-brand, brand, contract-with, del-icio-us, ended-talks, group, penske, penske-automotive, ran-out, supply-vehicles, wednesdayThe death of a French Telecom employee this week marks the 24th person in the company to commit suicide in the past 18 months. Some say huge layoffs brought on by the economic downturn could be a major factor in the large number of suicides. The company’s chief executive, Didier Lombard, faces calls for his resignation. » E-Mail This » Add to Del.icio.us
Tagged 24th, chief-executive, commit-suicide, del-icio-us, didier-lombard, economic, large, layoffs-brought, major-factor, marks-the-24th, the-economic, week-marksThe recall is intended to address problems with a removable floor mat that could cause accelerators to get stuck and lead to a crash. » E-Mail This » Add to Del.icio.us
Tagged a-removable-floor, address-problems, and-lead, del-icio-us, get-stuck, removable-floorResisting the urge to smoke on board an airplane is still a challenge for some travelers. The Irish discount carrier Ryanair offers cigarettes on board — smokeless cigarettes. They’re odor-free, smoke-free and cost $8.75 for a pack of 10. » E-Mail This » Add to Del.icio.us
Tagged 8-75-for, discount-carrier, irish, npr, offers-cigarettes, resisting-the-urge, smoke-free-and, smokeless-cigarettes-, the-urge, urgeWhen it comes to the ailing housing market, one of the key vital signs is the Standard & Poor’s/Case-Shiller home price index. For the past couple of years, it’s been reporting record price drops. The latest round of data released Tuesday shows that between June and July, prices actually increased in the majority of cities tracked by the index. » E-Mail This » Add to Del.icio.us
Tagged ailing, been-reporting, cities-tracked, data-released, del-icio-us, home-price, housing-market-, latest-round, majority, past, record-price, the-ailing, the-majority, tuesday, vital-signsThe recession faded in the spring with economic activity shrinking at a pace of just 0.7 percent, a better-than-expected showing that buttressed beliefs the economy is growing now. The government previously estimated gross domestic product fell at a 1 percent pace. » E-Mail This » Add to Del.icio.us
Tagged activity-shrinking, del-icio-us, domestic-product, economy, estimated-gross, growing-now-, percent-pace-, recession-faded, spring, the-economyPresident Obama has promised to clean up the so-called earmarking process that allows lawmakers to insert pet projects into government spending bills. Despite the president’s call for change, the defense bill that’s making its way through the Senate still sets aside billions of dollars for projects the military says it doesn’t need. » E-Mail This » Add to Del.icio.us
Tagged aside-billions, defense, insert-pet, making-its, military-says, says-it-doesn, the-president, way-through