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There's sad news from Detroit. Embattled Chrysler appears to have run out of rope, and has filed for bankruptcy - a course confirmed by President Obama at a Thursday press conference. The reason for the fast fall into Chapter 11 is that some of Chrysler's debt holders refused to take the cash settlement offer put together by Steve Rattner and the Automotive Task Force, the terms of which they found rather harsh...
...White House press conference, Obama thanked most of the major players for their let's-all-take-our-medicine determination, but he criticized a group of financial firms - the holdouts - for their unpatriotic greed. "While many stakeholders made sacrifices," Obama said, "a group of investment firms and hedge funds decided to hold out for the prospect of an unjustified taxpayer-funded bailout." And then he added, "I do not stand with them...
...Napolitano said the U.S. has no plans to close the border with Mexico, a stance that the Centers for Disease Control and Prevention (CDC) and WHO support and which Obama reiterated at his press conference. "Intensive efforts at the border are not effective means for protecting against an infectious disease," said acting CDC director Richard Besser. Still, if the swine flu continues to worsen in Mexico, it's not hard to see how Obama and other world leaders would come under increasing pressure to try to wall off Mexico - just as an infected patient might be quarantined to prevent...
Think Like a Champion By Donald Trump Vanguard Press; 198 pages
...Need to Transform America’s Education, Health Care, and Energy Systems,” but instead chose to remain in his home state to respond to the development. “This is a situation that can become more serious,” he said in a press conference yesterday. “It is a sign for concern. It is not a sign for panic.” Minnesota’s Department of Health has labeled the case “probable” because lab testing has confirmed the virus to be type A influenza?...