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Treasury and the UAW will own GM... and Versailles tolls the death knell.


I thought this would be posted by now:

But the dramatic move means that at least temporarily the U.S. government would have the right to call all of the shots at the Detroit automaker -- as part of its $15.4 billion in loans to GM to date. GM said today it expects to receive another $11.6 billion in loans from the government this year.

Read below the fold...
a little night musing's picture

How to exceed expectations and please Wall Street, health-insurance parasite style

Last week Wellpoint (the parent company of my own adopted parasite, Empire Blue Cross Blue Shield) posted a first quarter net income which had gone down from the previous quarter, but not so much of a decline as Wall Street had expected.

WellPoint Inc.'s (WLP) first-quarter net income fell 1.3% Wednesday on sharply higher investment losses and amid continued enrollment declines, but the health insurer's strong operating performance offers further encouragement for the pressured industry.

I'm so relieved! Read below the fold...

Caro's picture

Politics and Media Headlines 4/27/09

Sarah's picture

Swine Flu: Simple Self-Protection Measures You Can Use NOW

I've been on this soapbox before.

There are about six things you can do to be sure you don't get the swine flu.

Three of them are WASH YOUR HANDS:

  1. wash your hands after blowing your nose or sneezing,
  2. wash your hands after shaking hands or handling shared objects (door handles, telephones, pens, etc.),
  3. wash your hands BEFORE touching your eyes, nose, mouth or eating.

(Washing your hands after going to the toilet I shouldn't have to remind you of, but why not take advantage of opportunity?)

The fourth thing is don't panic. The fifth and sixth things are part of the same thing: minimize your exposure.

Given what we know right now, what "minimize your exposure" means is,

    Obama's Treasury sends bill to Capitol Hill that was drafted by bankster lobbyists

    The Times buried the lead on this one. I missed it, but Yves didn't. From the Geithner profile:

    A bill sent recently by the Treasury to Capitol Hill would give the Obama administration extensive new powers to inject money into or seize systemically important firms in danger of failure. It was drafted in large measure by Davis Polk & Wardwell, a law firm that represents many banks and the financial industry’s lobbying group.


    Mr. Geithner also hired Davis Polk to represent the New York Fed during the A.I.G. bailout.

    Incest is nicest! Read below the fold...

    lizpolaris's picture

    The Torture Song



    Posted by Fox News online. I'm thinking there's pretty much of a national consensus at this point. It seems the fringe neocon rightwingnuts and the Village Media are the only ones still defending torture or pretending that there's a rational argument in favor of it. Read below the fold...

    RL calls

    So (obviously) very light posting from me today. Read below the fold...

    DCblogger's picture

    Mike Dennison interviews Ezra Klein

    Blogger: Health care reform coalition faces tough battle

    Q: Baucus has said a government single-payer or Medicare-for-all system of universal coverage is not an option for reform. Shouldn't a single-payer system be considered?

    Read below the fold...
    vastleft's picture

    Clear-eyed ladies and gentlemen of the lowland

    DCblogger's picture

    Action Alert: National Day of Action MAY 30

    Healthcare-NOW! is calling for a national day of action on May 30.
    Planning is happening in:

    Albany, NY - May 27th
    Atlana, GA - May 27th
    Augusta, ME - May 30th
    Austin, TX - May 30th
    Indianapolis, IN - May 20th
    Lawrence, KS - May 30th
    Louisville, KY - May 28th
    New Albany, KY - May 30th
    Pittsburgh, PA - May 29th
    Pontiac, MI - June 16th
    Princeton, NJ - May 31st
    Rochester, NY - May 30th
    San Diego, CA - June 3rd
    San Francisco, CA
    Seattle, WA - May 30th
    Terre Haute, IN - May 27th
    Topeka, KS - May 30th

    Read below the fold...

    Peter principle

    [I'm de-frontpaging this to defer to MsExPat -- lambert]


    An examination of Mr. Geithner’s five years as president of the New York Fed, an era of unbridled and ultimately disastrous risk-taking by the financial industry, shows that he forged unusually close relationships with executives of Wall Street’s giant financial institutions.

    Of course, we all have different ways of defining "disaster," don't we? Read below the fold...

    Sunday Night Rational Marijuana Policy Lo-Fi Blogging

    Rub up, rub up with Kananga Water.... Read below the fold...

    MsExPat's picture

    Dump Geithner

    Go, read the long, detailed and terrific slow-boil takedown of Timmy by NYT investigative journalist Jo Becker and biz section whiz Gretchen Morgenson.

    There were a lot of things here, but this section jumped out at me: Read below the fold...

    Mexican press: Brought to you by Big Food -- Swine Flu!

    Could Smithfield Farms Mexican operation be "Hog Farm Zero" of the epidemic?

    The outbreak of a new flu strain—a nasty mash-up of swine, avian, and human viruses—has infected 1000 people in Mexico and the U.S., killing 68. The World Health Organization warned Saturday that the outbreak could reach global pandemic levels.

    Read below the fold...


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