Submitted by Billfishkin:
Shares of General Motors Corp (GM - News) tumbled more than 35 percent to hit a 70-year low on Thursday as prospects dimmed that lawmakers would reach a compromise on a proposed $25 billion bailout for U.S. automakers before Congress adjourns this week. (Read More)
Submitted by Billfishkin:
Bailing out the three big U.S. based carmakers is a very bad idea. All three have incompetent management, bloated pay scales (especially at the management level), too many legacy obligations, and vastly overpaid line workers, compared to their competitors who produce in America, and abroad. Giving taxpayer money to these th (Read More)
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Submitted by Billfishkin:
As deserted malls and department stores in the United States struggle to court cash-short consumers with steep discounts this holiday season, a similar and even more ferocious price war is being waged online.Internet retailers, trying to navigate what is shaping up to be the first truly dreary holiday shopping season ever o (Read More)
Submitted by Billfishkin:
A huge oil tanker with two British crew members has been seized by Somali pirates in the first attack on a ship laden with oil in the dangerous waters off the east coast of Africa.The Sirius Star, a large Saudi-owned tanker, was taken over by pirates on Saturday around 450 nautical miles off Kenya in the Arabian Sea. The la (Read More)
Gizmodo
On the left, you see President Elect Barack Obama's website. On the right, that's not just Obama's site localized in Hebrew...well, maybe it sort of is. It's the campaign site of Likud leader Benjamin Netanyahu (who is running for Prime Minister of Israel). Everything has been copied, from the colors to the donation areas t (Read More)
Submitted by Billfishkin:
Cross burnings. Schoolchildren chanting "Assassinate Obama." Black figures hung from nooses. Racial epithets scrawled on homes and cars.Incidents around the country referring to President-elect Barack Obama are dampening the postelection glow of racial progress and harmony, highlighting the stubborn racism that remains in A (Read More)