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...pending Chapter 11 (and Chrysler's bankruptcy, filed a month ago) is the overwhelming intrusion into the private sector by Barack Obama and his auto task force at Treasury. "The day they fired the CEO of General Motors" - Rick Wagoner was dismissed by task-force co-chairman Steve Rattner in late March - "is a day we will look back on with great regret," predicts Corker, a reluctant and critical supporter of the bailout. "The government has no business making those kinds of decisions." Critics of the government's involvement maintain that bondholders have been punished, union workers coddled and laws...
...Bloom argued Fiat's case, Chrysler's case and ultimately the UAW's case. Gangly and soft-spoken, Rattner's co-chairman is passionately pro-union - an unusual trait among investment bankers. He helped guide the steelworkers' union through the collapse and restructuring of its industry, and this time he came to the aid of Chrysler's workforce. Gene Sperling, a veteran of the Clinton Administration, added his weight to Bloom's, speaking movingly of the human devastation that would follow should Chrysler collapse at such a weak moment for the overall economy...
Feldstein’s exit comes as the last in a series of departures of veteran directors at AIG. The company’s recently-appointed Chairman and CEO Edward M. Liddy and long-time directors Stephen F. Bollenbach and James F. Orr have all announced that they will step down...
...somewhat disappointed in Obama's Latino-lite Cabinet and his unwillingness to take on immigration reform as a top issue in his first 100 days. But that will probably be forgotten now. The Hispanic community was "thrilled" by Obama's pick of Sotomayor, said David C. Lizárraga, chairman of the U.S. Hispanic Chamber of Commerce's board. "She is a role model of strength, focus and discipline and exemplifies the American ethos, proving that anyone in this nation can fulfill their dreams, matching their potential with opportunity," Lizárraga said...
Last year, Rajendra Pachauri, chairman of the U.N. Intergovernmental Panel on Climate Change, suggested that the most useful step ordinary citizens could take to help combat climate change would be to stop eating meat. In Belgium, an entire town is taking his advice to heart. The Flemish city of Ghent has designated every Thursday as "Veggiedag" - Veggie Day - calling for meat-free meals to be served in schools and public buildings, and encouraging vegetarianism among citizens by promoting vegetarian eateries and offering advice on how to follow a herbivorous diet...