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Last week General Motors also announced deep cuts in production. The company will close all of its passenger-car plants for the month of January and reduce the company's production of new cars and trucks 30% during the first quarter. Chrysler and GM have asked the U.S. government for $14 billion in bridge loans to weather the current credit crunch. (See the 50 worst cars of all time...
...Deep down most of them know the system needs to be changed." - on farmers' thoughts about the U.S. government's massive farm subsidy program, Washington Post...
...likes a snitch, but Mark Felt, the former FBI agent who late in life revealed himself as the great mystery man known as Deep Throat, performed an act of high patriotism by helping Washington Post reporters Bob Woodward and Carl Bernstein expose the most serious set of political crimes in American history. His identity also became one of the great journalistic obsessions of the 20th century. Felt died this week at the age of 95 in Santa Rosa, California...
...Nixon from office in the middle of his second term, it was the reporting of Woodward and Bernstein that first stymied the efforts of the President's men to cover up the White House involvement in the crime. (See a photo essay on the saga of Mark Felt a.k.a. Deep Throat...
...TIME who worried each week whether the scoops we had in hand would be stolen away by a Woodward and Bernstein story, were intensely jealous of their sources. After their book All the President's Men revealed the existence of their secret source, speculation about the identity of Deep Throat, named playfully after a pornographic film of the era, became a Washington parlor game...