- General Motors has filed for bankruptcy today. The company says it owes $172 billion.— New York Times
- An Air France flight traveling from Rio de Janeiro to Paris with 228 people on board vanished over the Atlantic. — Huffington Post
- Twilight dominated the MTV Movie Awards last night. — PopSugar
- Microsoft has launched its new search engine, Bing, earlier than expected. — PC World
- In a new interview, Nancy Reagan discusses her lovely conversation with Michelle Obama. She also says that President Obama snubbed her when he didn't invite her to the White House to celebrate the reversal of Bush's stem-cell research ban. — Vanity Fair
- It's official: Octomom Nadya Suleman and her children will star in a reality show. — San Francisco Chronicle
Jaeger
Celine
Maison Martin Margiela
Wow. Since we, the American taxpayers, own GM because of the bailout, does that mean we are liable for that cash?
I was against this from the start. I am not the biggest capitalist, but it is our economic system. If your business can't make money, you die under that system. We can't keep throwing good money after bad. It's the same old corporatist game - privatize the profits, socialize the losses.
Sucks for you, GM. You failed to innovate, took a short term strategy of shipping American jobs to Mexico, and laughed off Japanese and German cars than became the gold standard. Rest in peace.
Bri
1Yes, I bet GM wishes they didn't kill the EV1. That vehicle might have saved the company along with weening Americans off their oil dependency. Good riddance.
2Of course we're liable. Congress says so.
3Post New Comment
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