Sunday, December 14, 2008

News 15 December 2008

Obama's stimulus spurs lobbying frenzy:
Since President-elect Barack Obama laid out plans for the largest injection of federal spending into the economy since the New Deal, just about everyone has started angling for a piece of the action. Read more...

Blagojevich may quit on Monday: Illinois official

WASHINGTON (Reuters) - Scandal-plagued Illinois Gov. Rod Blagojevich could announce on Monday that he will leave office, the state's top legal officer said on Sunday. Read more...


Seven myths about American car makers
There are plenty of reasons to dislike a federal bailout (or loan, as they like to describe it) of the Big Three U.S. automakers. But as our sister Gannett newspaper in Detroit puts it, you can't blame today's struggles on yesterday's bad or unpopular cars. Instead, it's all about overhead. For the sake of well-informed argument, we present Detroit Free-Press auto critic Mark Phelan's list of "Seven myths about American automakers:" Read more....

Stop Trading, Listen to Cramer!
Cramer added that Boeing is looking a lot like the auto industry with its labor problems and commented; “Americans are starting to recognize that you may love unions or hate them but you can’t invest with them.” View video...

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