首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
考研
In theory, a government bailout should provide a short-term infusion of cash to give a struggling company the chance to right it
In theory, a government bailout should provide a short-term infusion of cash to give a struggling company the chance to right it
admin
2019-08-01
79
问题
In theory, a government bailout should provide a short-term infusion of cash to give a struggling company the chance to right itself. But in its aggressive dealings with U.S. automakers, most recently General Motors, the Obama administration is coming dangerously close to engaging in financial engineering that ignores basic principles of fairness and economic realities to achieve political goals.
It is now clear that there is no real difference between the government and GM. For all intents and purposes, the government, which is set to assume a 50 percent equity stake in the company, is GM, and it has been
calling the shots
in negotiations with creditors. While the Obama administration has been playing hardball with bondholders, it has been more than happy to play nice with the United Auto Workers(UAW). How else to explain why a retiree health-care fund controlled by the UAW is going to get a 39 percent equity stake in GM for its remaining $10 billion in claims while bondholders are being pressured to take a 10 percent stake for their $27 billion? It’s highly unlikely that the auto industry professionals at GM would have reached such a deal if the government had not been watching them—or providing the money needed to keep the factory doors open.
GM is widely expected to file for bankruptcy before the end of this month. If this were a typical bankruptcy, the company would be allowedg by law to tear up its UAW collective bargaining agreement and negotiate for drastically reduced wages and benefits. Surely, the government won’t let that happen. Still, the threat of a contract abolition probably played a role in the union’s agreement to cost-cutting measures last week. It’s never easy for unions to make concessions, but the sting of handing back money is being softened by the government’s desire to give the union a huge ownership stake in GM.
The administration argues that it could not risk alienating the union for fear of triggering a strike that could permanently cripple GM. It also assumes that it had to agree to protect suppliers and fund warranties in order to preserve jobs and reassure potential buyers that their cars would be serviced. These are legitimate concerns. But it’s too bad that the Obama administration has not thought more deeply about how its bullying of bondholders could convince future investors that the last thing they want to do is put money into any company that the government has—or could—become involved in.
If it had not been watched by the government, GM would probably have
选项
A、imposed no pressure on bondholders to take the 10% equity stake.
B、cut the percentage of equity stake controlled by the UAW.
C、torn up its UAW collective bargaining agreement in an illegal way.
D、launched staff-downsizing and reduced workers’ wages and benefits.
答案
B
解析
推理判断题。第二段讲到因为有政府的监管,上述协议才能达成。因此可以推断出,如果没有政府帮助,UAW很可能就得不到39%这么多的股权,故B项与之相符。
转载请注明原文地址:https://kaotiyun.com/show/zQ2Z777K
0
考研英语一
相关试题推荐
Musicproducesprofoundandlastingchangesinthebrain.Schoolsshouldaddmusicclasses,notcutthem.Nearly20yearsago,a
UnderstandingwhatdistinguishespeoplewhobattlewithAlzheimer’sastheyagefromthosewhosementalacutenessremainsstrong
Individualsandbusinesseshavelegalprotectionforintellectualpropertytheycreateandown.Intellectualproperty【C1】______c
CigarettesmokingisahealthhazardofsufficientimportanceintheUnitedStates.Itwas50yearsagothismonththatAmerica’
Americanmythologylovesnothingmorethanthereluctanthero:themanwhosenaturaltalentshavedestinedhimformorethanobl
C.P.Snowoncesaid:"Asenseofthefutureisbehindallgoodpolicies.Unlesswehaveit,wecangivenothingeitherwiseord
Icouldn’tstopcrying.Monthsoflateeveningsanddemandingtravelhad【C1】______myprofessionalexterior.Itriedto【C2】______
Videogameshavebecomeincreasinglyrealistic,especiallythoseinvolvingarmedcombat.America’sarmedforceshaveevenused
Globalwarmingisalreadycuttingsubstantiallyintopotentialcropyieldsinsomecountries—tosuchanextentthatitmaybea
Wheneverworkisbeingdone,energy______fromoneformintoanother.
随机试题
HowtoWriteaBookReviewI.ThedefinitionofabookreviewA.adescriptiveandcriticalorevaluativeaccountofaboo
提出生活教育理论,主张“教学做合一”的教育家是()。
在Windows中,一切操作均可以从单击________按钮开始。
中性pH条件下,幽门螺杆菌(Hp)最敏感的药物是
分泌胃酸的细胞是分泌胃泌素的细胞是
A.地高辛B.卡托普利C.美托洛尔D.地尔硫革E.硝酸甘油终止心绞痛发作应选用
采用K值来评价食品早期腐败变质时,若鱼体绝对新鲜,则K值可能等于
Fromwhoseworkstheterm"TheLostGeneration"inAmericanliteraryhistoryoriginated?
一、注意事项 1.申论考试,是对分析驾驭材料的能力、解决问题能力、语言文字表达能力的测试。 2.作答参考时限:阅读资料40分钟,作答110分钟。 3.仔细阅读给定的资料,按照后面提出的“申论要求”依次作答。二、给定资料李宝荣家住在天
Today’scollegestudentsaremorenarcissistic(自恋的)andself-centeredthantheirpredecessors,accordingtoacomprehensivenew
最新回复
(
0
)