Truly these are sign of the times...
~~~
April 1 (Bloomberg) -- President Barack Obama believes a quick, negotiated bankruptcy is the most likely way for General Motors Corp. to restructure and become a competitive automaker, people familiar with the matter said.
Obama also is prepared to let Chrysler LLC go bankrupt and be sold off piecemeal if the third-largest U.S. automaker can’t form an alliance with Fiat SpA, said members of Congress who were briefed on the GM and Chrysler situation before the president said two days ago that the automakers’ viability plans were insufficient.
source:
http://www.bloomberg.com/apps/news?pid=20601087&sid=aAAVqvS3v7Bk&refer=home
in other news...
World Bank warns of deep slowdown
http://news.bbc.co.uk/2/hi/business/7973707.stm
Global recession pushing millions into poverty
http://www.google.com/hostednews/afp/article/ALeqM5iIRBj5vXMdHbPk592mz3c-kZtEfw
Fire leads Des Moines to inspect small homeless camp
http://www.desmoinesregister.com/article/20090331/NEWS/903310381/1130/COMM08
In times like these, more people are going to church for help
http://www.usatoday.com/news/religion/2009-03-29-churches-helping_N.htm