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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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No Man is Above the Law
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."..."
by Meredith Grey
"...Change; we don't like it, we fear it, but we can't stop it from coming. We either adapt to change, or we get left behind. It hurts to grow, anybody who tells you it doesn't is lying. But here's the truth: Sometimes the more things change, the more they stay the same. And sometimes, oh, sometimes change is good. Sometimes change is everything...."
RANDOM FACTS
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Salary
about Steve Jobs
Steve Jobs' annual salary was $1, just enough to keep company health benefits.
about Stolen On New Year's
More vehicles are stolen on New Year's Day than any other holiday throughout the year. (So does that mean thieves are having their last fling before changing their ways or are they trying for a big score to start the New Year?)
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- January 28, 2010Date Added :
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