Wednesday, December 03 2008

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Wednesday, December 03, 2008

Auto dealers in trouble, too

Sales of new cars have plummeted and car dealers struggle with huge inventories as credit dries--up not just for consumers but also for dealers.
"A lot of us are hurting right now. we are affected by the crisis in Detroit a lot more than people realize."
—Bruce Thomas on the state of car dealers in the U.S.

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Russia is back on NATO's agenda

"The resurgent Russian threat, if you want to call it that, is not uniting the Alliance, it's dividing it."
—Jonathan Marcus on NATO

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UAW expected to concede worker benefits for congressional approval

The UAW says they are open to all options, including re-opening the contract that was just negotiated in 2007.

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How will budget deficits impact your state?

States around the country are facing billions in budget shortfalls, with cuts to education, health care, and infrastructure already on the books.

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Tens of thousands finally allowed to leave Bangkok

The first flight in over a week has finally landed in Thailand. BBC correspondent John Sudworth tells The Takeaway about the tumultuous events in Thailand.

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Finding opportunity out of underemployment

The unemployment numbers on the first Friday of every month only tell part of the economic story. All this week, The Takeaway is looking at underemployment. We want to hear your story. Call us at 877-8MY-TAKE.

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Georgia chooses a Senator (finally)

Republican incumbent Saxby Chambliss has been declared the victor in a runoff Senate race in Georgia.
"There's this picture of this out-of-place, older white man with these two rappers, basically saying go out and vote. I think every young person looks at that and says: I know this isn't real. This guy doesn't know the difference between a T.I. tune and a Ludacris tune."
—Georgia Public Radio news director Susanna Capolouto on Jim Martin's failed Senate race

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Rice raises the stakes in India

"A lot of people who deal with intelligence matters say this was a disaster waiting to happen."
—BBC correspondent Chris Morris on the attacks in Mumbai

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Layoffs hit the virtual world as Reuters closes its Second Life bureau

Virtual reality world Second Life loses a news bureau.

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Amid economic turmoil the airline industry assumes the brace position

"Right here in Belgium, Brussels Airlines has thrown itself in the arms of Germany's Lufthansa, which is much bigger and much richer. For Brussels Airlines, it was a matter of survival."
—Dan Michaels on the consolidation of European airlines

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Protests erupt in India

Thousands of people are protesting in Mumbai and all over India and express their anger against the government. BBC correspondent Zubair Ahmed reports on the scene from the Taj hotel in downtown Mumbai.
"I can see thousands and thousands of people...they are all holding placards and shouting slogans against the political class."
—BBC correspondent Zubair Ahmed on the protests emerging in India

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