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General Motors: Who should we blame?; Home Sales down 19%; Postal Service in Losing Money

2,751 views · Published 31 March 2009 · 6:22 · Indexed 29 September 2026

Channel: DEMCAD · 2009 · News & Politics

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Workers say Obama treated autos worse than Wall St
•Many assembly line autoworkers reacted with skepticism and anger Monday to Obamas decision to withhold cash for GM.
•Brian Fredline, president of UAW Local 602 said, "It's the age-old Wall Street vs. Main Street smackdown again,"
•*GM and the union deserve most of the blame. The union for demanding so much for so longer and making it difficult for GM to compete with foreign companies
•*GM for making giant cars and SUVs when they were warned to start making smaller vehicles.
•*Look, Im saying not that the government should be bailing out GM or the banks, but itll be interesting to see how tough Obama gets with the banks.
http://finance.yahoo.com/news/Workers-say-Obama-treated-apf-14789941.html

Postal service could run out of money in 09
•Postmaster General John Potter said that the agency lost $2.8 billion last year and is looking at much larger losses this year
•The post office had a $384 million loss in the first quarter of the fiscal year — October through December — which is usually the busiest period because of the holidays.
http://www.msnbc.msn.com/id/29877702/

Honda connects brain thoughts with robotics
•developed a way to read patterns of electric currents on a person's scalp as well as changes in cerebral blood flow when a person thinks about four simple movements - moving the right hand, moving the left hand, running and eating.
•Honda succeeded in analyzing thought patterns, and then relaying them as wireless commands for Asimo, its human-shaped robot.
•*I cant stop talking about robots
•*someday well be able to open a car door with just a thought. 
•*This will be great for people who are disabled, and  people who are really lazy.
http://apnews.myway.com/article/20090331/D978VQ482.html
Chicago Sun-Times Files For Bankruptcy
•Their rival, Tribune, is also in bankruptcy
•*if that isnt a sign of newspapers dying, I dont know what else.
http://cbs2chicago.com/business/sun.times.bankruptcy.2.972099.html

Home Prices in 20 U.S. Cities Fell by a Record 19% in January
•According to the S&P/Case-Shiller index
•Februarys decrease was more than forecast and even greater than the 18.6 percent decrease in December
•prices have plunged 29.1% nationally since they peaked during the second quarter of 2006
http://www.bloomberg.com/apps/news?pid=20601087&sid=amN9MrcX5IkY&refer=home

Clinton Urges Aid for Afghanistan
•She told world leaders to not use the economic turmoil as an excuse not to help out in Afghanistan
•*maybe its just me, but the economic crisis seems like a great excuse to me.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aVA55C_2UpEY&refer=home

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