Word: detroits
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...offer deep discounts and incentives to potential buyers. This means that the car companies and the dealers that are allowed to remain open will have to make substantial investments in marketing to get buyers looking for close-out sales to look at their inventories at all. (See pictures of Detroit's decline...
...Halle seeing what an injection of money can and can't do to a local economy. Governments from the U.S. to China - anyone who believes that opening the fiscal spigot can stave off disaster, and especially those who think that public spending can polish up rustbelt cities like Detroit or Harbin - would be advised to take some east German lessons. (See pictures of Detroit's decline...
...Detroit A New Plan For GM General Motors announced a new deal with the U.S. Treasury on May 5 in which the government would forgive about $10 billion of the carmaker's $15.4 billion federal debt in return for a 50% stake in the company. The United Auto Workers union urged the government to reject the proposed plan, which also includes a 100-to-1 reverse stock split, because it would call on GM to outsource more of its manufacturing to foreign countries...
ELECTED NBA legend Dave Bing, 65, won Detroit's mayoral race, unseating scandal-ridden Kwame Kilpatrick's interim replacement, Ken Cockrel...
...seemed to take Stewart's criticism personally, but he was really making a larger point about the failures of CNBC and other financial outlets. Do you think CNBC did a good job anticipating and reporting on the financial meltdown? -Mark Sutter, Detroit I think CNBC's done a remarkable job, and I think the attack on CNBC and the attacks on me were gravely misplaced. It was rather remarkable in that it was so clear that his goal was to just destroy me. One day he'll answer for it. (See the top 10 TV fueds...