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Treasury announces GM exit strategy;
automaker buying 200 million shares
from US.
Detroit News, by David Shepardson
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Original Article
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Posted By:schnapps, 12/19/2012 7:36:38 PM
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| Washington — The Obama administration said Wednesday it will sell 200 million shares — or 40 percent of its remaining stake in General Motors Co. — back to the automaker and announced plans to completely exit the Detroit automaker by March 2014. The Detroit automaker said it will purchase 200 million shares of GM stock held by Treasury for $5.5 billion — or $27.50 per share — nearly $2 above the stock´s closing price on Tuesday. GM shares jumped sharply on the news and were up 7.5 percent to $27.36, or $1.90, early afternoon in very heavy trading.
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Comments:
You have to get near the end to find out that taxpayers can expect to lose $24.3 billion on the $85 billion auto bailout.
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Reply 1 - Posted by:
Passion, 12/19/2012 7:40:19 PM (No. 9075185)
Our nation´s wealth is being systematically stolen from individuals and given to unions and government workers. This is just part of the plan, 25 billion given to the union thuggery.
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Reply 2 - Posted by:
jimboendaatl, 12/19/2012 7:50:10 PM (No. 9075191)
Exit "Strategy"???
This more along the lines of "bend over America, this going to sting a bit."
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Reply 3 - Posted by:
uno, 12/19/2012 8:03:40 PM (No. 9075205)
Union Buggery!
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Reply 4 - Posted by:
Rabidrabbit1, 12/19/2012 8:09:33 PM (No. 9075212)
I personally plan to help GM go out of business by never purchasing a vehicle from them. Vote with my feet. Shuffle on down the street to Ford.
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Reply 5 - Posted by:
kanphil, 12/19/2012 8:12:47 PM (No. 9075221)
They´ll be bankrupt again within five years.
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Reply 6 - Posted by:
stablemoney, 12/19/2012 8:49:21 PM (No. 9075286)
Do the people of this nation have any say in what happens? Does Obama do any d--- thing he pleases? Yes, he does. The GOP is going to get another party if they don´t get up and defend this country.
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Reply 7 - Posted by:
Trigger2, 12/20/2012 4:25:09 AM (No. 9075571)
My son-in-law only bought GM vehicles and dissed Ford vehicles all the time. But after the bailout, his next vehicle was a Ford. You couldn´t pay me to buy a GM vehicle. Never have; never will.
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Reply 8 - Posted by:
Muguy, 12/20/2012 6:35:38 AM (No. 9075654)
The strategy of "buy low and sell high" at work-- now the union controlled company is buying itself back at a fire sale price--the corporate ´devils´ have been taken down!!!
Now they can fund the libs with this scheme and it all looks "above board".
Why not lower the price of the cars and trucks to an affordable price so people could buy them into prosperity? Oh wait, the union workfarce can´t make them less expensive of they lose their jobs...
Clearly, a classic example of unions ruining things....
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Below, you will find ...
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and
Most Active Articles (last 48 hours)
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Most Recent Articles posted by "schnapps"
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Argentina freezes prices to break
inflation spiral
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Associated Press, by Almudena Calatrava
Original Article
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Posted By: schnapps- 2/4/2013 3:45:05 PM
Post Reply
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Buenos Aires, Argentina — Argentina announced a two-month price freeze on supermarket products Monday in an effort to break spiraling inflation. The price freeze applies to every product in all of the nation´s largest supermarkets — a group including Walmart, Carrefour, Coto, Jumbo, Disco and other large chains. The companies´ trade group, representing 70 percent of the Argentine market, reached the accord with Commerce Secretary Guillermo Moreno, the government´s news agency Telam reported.
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Ex-Officer Is First in C.I.A. to Face
Prison for a Leak
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New York Times, by Scott Shane
Original Article
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Posted By: schnapps- 1/5/2013 7:54:17 PM
Post Reply
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Looking back, John C. Kiriakou admits he should have known better. But when the F.B.I. called him a year ago and invited him to stop by and “help us with a case,” he did not hesitate. (snip)Only an hour into what began as a relaxed chat with the two agents — the younger one who traded Pittsburgh Steelers talk with him and the senior investigator with the droopy eye — did he begin to realize just who was the target of the investigation.
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Hundreds of cars torched in French
New Year ´tradition´
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Associated Press, by staff
Original Article
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Posted By: schnapps- 1/2/2013 2:21:30 PM
Post Reply
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Interior Minister Manuel Valls said Tuesday that 1,193 vehicles were torched by French youths overnight in what has become a dubious New Year´s Eve tradition. Hundreds of empty, parked cars go up in flames in France each New Year’s Eve, set afire by young revelers, a much lamented tradition that remained intact this year with 1,193 vehicles burned, Interior Minister Manuel Valls said Tuesday. His announcement was the first time in three years that such figures have been released. The conservative government of former President Nicolas Sarkozy had decided to stop publishing them in a bid to reduce the crime
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Treasury announces GM exit strategy;
automaker buying 200 million shares
from US.
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Detroit News, by David Shepardson
Original Article
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Posted By: schnapps- 12/19/2012 7:36:38 PM
Post Reply
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Washington — The Obama administration said Wednesday it will sell 200 million shares — or 40 percent of its remaining stake in General Motors Co. — back to the automaker and announced plans to completely exit the Detroit automaker by March 2014. The Detroit automaker said it will purchase 200 million shares of GM stock held by Treasury for $5.5 billion — or $27.50 per share — nearly $2 above the stock´s closing price on Tuesday. GM shares jumped sharply on the news and were up 7.5 percent to $27.36, or $1.90, early afternoon in very heavy trading.
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A Cool Airline Tray Table
You Wish You'd Invented
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CNBC, by Darren Booth
Original Article
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Posted By: schnapps- 10/25/2012 3:41:15 PM
Post Reply
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It's a common problem. You're squeezed into a tight economy-class seat trying to eat a snack while working on your iPad or other personal electronic device. SmartTray X1 With tray table space limited, you often have to power down and eat first. But one company has an ingenious and simple solution both airlines and travelers will love. (snip) With more passengers using mobile devices while traveling, the patented design of SmartTray couldn't be more timely. Most tray tables have a short, three- to four-year life cycle as they're the most abused item on an aircraft, said CEO Nick Pajic of Smart Tray International
Headline split by staff.
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Why They Won’t Talk
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Commentary Magazine, by Seth Mandel
Original Article
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Posted By: Dreadnought- 4/11/2013 11:17:15 PM
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In 2011, the journalist Mara Hvistendahl published Unnatural Selection: Choosing Boys Over Girls, and the Consequences of a World Full of Men, detailing the societal effects of sex-selective abortions that target women the world over and resulted in the absence of perhaps more than 100 million girls who by now should have been born. But Hvistendahl soon learned the downside to uncovering what many believe to be a shocking trend in human rights offenses: people will want to do something about it. And so she lashed out, declaring that “anti-abortion activists
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Leaving Blue New York, Boo-Hoo
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Irish Examiner USA, by Alicia Colon
Original Article
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Posted By: Drive- 4/12/2013 6:44:47 AM
Post Reply
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Only one of my six children has left New York for economic reasons but the strain of living in this expensive nanny state is weighing heavy on my other five and their families. As a native New Yorker, I´ve seen its middle class population decline over the years due to its neglect of blue collar families which is ironic since this is a Democrat city. With the recent arrests of several local politicians for corruption perhaps New Yorkers will pay more attention to those they put in office. Given their past indifference in local elections this is highly unlikely.
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Little Anthony Freemont´s
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American Thinker, by Doug Mainwaring
Original Article
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Posted By: Desert Fox- 4/12/2013 6:34:43 AM
Post Reply
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Remember little Anthony Freemont, played by cute little Billy Mumy, in one of the "Twilight Zone´s" most famous episodes? In the opening sequence Rod Serling informs us: "A monster had arrived in the village. Just by using his mind, he took away the automobiles, the electricity, the machines -- because they displeased him -- and he moved an entire community back into the dark ages -- just by using his mind. . . . and the people there have to smile. They have to think happy thoughts and say happy things because once displeased, the monster can wish them into a cornfield
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Obamacare Architect: Affordable
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Breitbart´s Big Government, by Wynton Hall
Original Article
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Posted By: KarenJ1- 4/12/2013 9:51:16 PM
Post Reply
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Sen. Jay Rockefeller (D-WV), one of the architects of the Affordable Care Act, said on Tuesday that the healthcare law, set to go into full effect in less than eight months, is “probably the most complex piece of legislation ever passed by the United States Congress” and “is just beyond comprehension.” Rockefeller said he is concerned that early missteps with implementing the healthcare overhaul may cascade into confusion and chaos. The law, said Rockefeller, is “so complicated and if it isn’t done right the first time, it will just simply get worse.” Rockefeller’s consternation echoes comments made earlier this
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From Dehumanizing Word
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National Review Online, by Andrew C. McCarthy
Original Article
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Posted By: StormCnter- 4/13/2013 6:07:01 AM
Post Reply
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In Philadelphia, at a human abattoir on Lancaster Avenue, is where it ends, not where it starts. It starts with the perversion of language. It starts when the icons of a dissipated culture reduce a baby to a “fetus.” From there, Yeats’s blood-dimmed tide rolls rapidly in. Before long, a baby is not a person but a punishment, as President Barack Obama framed the matter in his familiar off-the-cuff iciness. Of course, to describe newborn children in their boundless possibilities and wonder would be to acknowledge, foremost, their humanity. That is why, instead, abortion enthusiasts must grope for words
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Philly Abortion Clinic
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Associated Press, by Maryclaire Dale
Original Article
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Posted By: JoniTx- 4/12/2013 7:28:32 PM
Post Reply
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They say they were just doing what the boss trained them to do. But eight former employees of a run-down West Philadelphia abortion clinic now face prison time for the work they did for Dr. Kermit Gosnell. Three have pleaded guilty to third-degree murder. And Gosnell, 72, is on trial in the deaths of a patient and seven babies allegedly born alive. In testimony at the capital murder trial this past month, an unlicensed doctor and untrained aides described long, chaotic days at the clinic. They said they performed grueling, often gruesome work for little more than minimum wage,
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Boehner: I Don´t Need
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Breitbart´s Big Government, by Ben Shapiro
Original Article
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Posted By: KarenJ1- 4/12/2013 11:51:37 AM
Post Reply
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On Thursday, in the midst of ongoing national debate over prospective gun control and comprehensive immigration legislation, House Speaker John Boehner (R-OH) said that he didn’t need the approval of a majority of his own party to move forward with legislation. Referring to the so-called Hastert Rule, named after former House Speaker Denny Hastert (R-IL), which dictated that House leadership not bring up any bill for a vote without the support of a majority of the majority party, Boehner said, “Listen: It was never a rule to begin with.” Then, realizing the gravity of admitting
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Jonathan Winters, groundbreaking
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Associated Press, by Staff
Original Article
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Posted By: JoniTx- 4/12/2013 1:16:37 PM
Post Reply
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LOS ANGELES — Jonathan Winters, the cherub-faced comedian whose breakneck improvisations and misfit characters inspired the likes of Robin Williams and Jim Carrey, has died. He was 87. The Ohio native died Thursday evening at his Montecito, Calif., home of natural causes, said Joe Petro III, a longtime family friend. Petro said Winters died of natural causes and was surrounded by family and friends. Winters was a pioneer of improvisational standup comedy, with an exceptional gift for mimicry, a grab bag of eccentric personalities and a bottomless reservoir of creative energy.
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WPost reporter explains her
personal Gosnell blackout
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Patheos.com, by "Mollie"
Original Article
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Posted By: LComStaff- 4/12/2013 9:42:16 AM
Post Reply
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I’ve been writing about media coverage of abortion for many years. And so have many others. If you haven’t read David Shaw’s “Abortion Bias Seeps Into The News,” published in the Los Angeles Times back in 1990, you should. That report also explains why we cover the topic here at GetReligion.But the thing is that I’m getting kind of sick of pointing out egregious bias only to see things not just remain bad but get worse. Just think, in the last year, we saw the media drop any pretense of objectivity and bully the Susan G. Komen Foundation
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Republicans Fear Clinton in 2016
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Time Magazine, by Zeke J Miller
Original Article
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Posted By: Scottyboy- 4/12/2013 9:57:16 AM
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HOLLYWOOD — Republican leaders plotted their party’s political comeback on Thursday with plans to court minority voters and modernize their political operations. But some wondered if one person could make it all for naught: Hillary Clinton. As attendees of the Republican National Committee’s spring meeting debated party rules and a refurbished GOP brand capable of winning back the White House, more than two dozen operatives and officials expressed worry that none of their party’s potential 2016 candidates can take her down. One early-state RNC member put it simply
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Windows 8 blamed for biggest
PC shipment plunge ever
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Fox News, by Lisa Eadicicco
Original Article
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Posted By: KarenJ1- 4/11/2013 1:17:23 PM
Post Reply
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Global PC shipments fell by 13.9 percent in the first quarter of 2013, and according to analyst firm IDC , Windows 8 could very well be the reason. On Wednesday, the Wall Street Journal reported that 76.3 million PC units shipped during the most recent financial period, marking the biggest decline since the IDC began publishing quarterly numbers 19 years ago. “The reaction to Windows 8 is real,” Jay Chou, an IDC analyst, said to The Wall Street Journal. Increased demand for mobile devices such as smartphones and tablets have also played a role in this decline,
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Newtown victim´s mom to
give Obama weekly address
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Associated Press, by Staff
Original Article
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Posted By: KarenJ1- 4/12/2013 3:53:50 PM
Post Reply
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WASHINGTON — The White House says the mother of a Newtown shooting victim will deliver the weekly presidential radio and Internet address. President Barack Obama typically gives the talk, focusing on a topic that´s in the news or a policy the White House is pushing. This week, Obama has asked Francine Wheeler to deliver the address instead. Wheeler and her husband, David, lost their 6-year-old son Ben in the December schoolhouse shooting in Newtown, Conn. White House spokesman Jay Carney says Obama believes the voices of Newtown families have been critical to progress on gun control.
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