There's a black could hanging over the entire project. Everyone continues this process with the huge risk now attached that a judge could strike the whole thing down.

This is a no-risk proposition.

character is not made in a crisis- it is only exhibited

There are core industries in Manhattan that are thriving, despite the recession, and publishing is one of them.

We took risks. We knew we took them. Things have come out against us. We have no cause for complaint.

We remain confident GM will offer some assistance to Delphi, but bankruptcy risk cannot be ignored. We think GM would find it hard to justify not offering its struggling, former captive supplier, Delphi, some form of assistance.