GM nearing the end of the road
@ November 11, 2008 # No Comment Yet
Shares of GM are trading at $2.92, the lowest price in 65 years, pulling down other automakers and parts suppliers. In order to survive, JP Morgan says that GM needs a bailout either from the US government or the parts suppliers. This would be over and above the $25 billion already allotted for loans to [...]
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Democratic Economic Stimulus Plans
@ October 11, 2008 # No Comment Yet
Democrats in Congress are planning to call Congress back after the election to pass $150 billion stimulus package. Key provisions would be extending unemployment benefits, food stamps, nd a tax rebate. House dems will hold an economic recovery forum on 10/13/08. However, if they try to pass before inauguration likely to be blocked by Senate [...]
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