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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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Steve Jobs' annual salary was $1, just enough to keep company health benefits.
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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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Just a line to say I'm living, That I'm not among the dead
Though I'm getting more forgetful And more mixed up in the head.
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