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TODAY IN HISTORY
GENERAL MOTORS AND CHRYSLER BAILED OUT
December 19, 0 - United States
December 19, 0 - United States
An emergency bailout of General Motors and Chrysler has been announced by President Bush which gives the companies a few months to get their businesses in order. Barack Obama will be handed the political task of ruling on their future. The bailout will be putting $13.4 billion into the companies by mid-January from the fund that Congress has authorized to rescue the financial industry. The two companies have until March 31st to produce a plan for long-term profitability, including concessions from unions, creditors, suppliers and dealers.
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RANDOM QUOTES
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The wealth of the nation
by Earth Day, Gaylord Nelson
"...The wealth of the nation is its air, water, soil, forests, minerals, rivers, lakes, oceans, scenic beauty, wildlife habitats and biodiversity that'as all there is. That'as the whole economy. That'as where all the economic activity and jobs come from. These biological systems are the sustaining wealth of the world...."
by Theodore Roosevelt
"..."No man is above the law and no man is below it; nor do we ask any man's permission when we require him to obey it. Obedience to the law is demanded as a right; not asked as a favor."..."
RANDOM FACTS
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Salary
about Steve Jobs
Steve Jobs' annual salary was $1, just enough to keep company health benefits.
about Besides Lung Cancer
Besides lung cancer, tobacco use also increases the risk for cancers of the mouth, lips, nasal cavity (nose) and sinuses, larynx (voice box), pharynx (throat), esophagus (swallowing tube), stomach, pancreas, kidney, bladder, uterus, cervix, colon/rectum, ovary (mucinous), and acute myeloid leukemia.
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