http://money.cnn.com/2009/05/07/news/companies/gm_results/index.htm?postversion=2009050707
This article is about how General Motors lost another 6 billion throughout the three months of this year. They are trying to come up with different plans to stay out of bankruptcy like Chrysler. Meanwhile they ghave asked the goverenment to provide them with loans. 9.4 billion was already utilized in loans from the government the first three months of the year. The company will need a total of 2.6 billion in additional federal loans to help build itself back up. The reason for me picking this article is because it amazes me how one company after another is falling short of this economic downfall. There is no position of this article to agree or disagree on because it really is happening. I feel that the article was presented fairly because the information is true. The economy is as bad as this article presents itself. I would recommend this site to be used again.
Thursday, May 7, 2009
Wednesday, May 6, 2009
$4,000 rebate on a new Chrysler
http://money.cnn.com/2009/05/06/autos/chrysler_may_incentives/index.htm?postversion=2009050611
Chrysler has set upp a new plan for restructuring it's methods to boost up sales. They have gone to desperate measures and ensured a 4,000 ebate on a new Chrysler. Their plan is to use this rebate to work through their bankruptcy and pay back the loans. This rebate plan was announced on Wednesday. The donfall is that the dealership is not responsible to cover car payments in case of emploment loss. Another is that they will not compensate loss car value if the company goes out of business. I chose this article because it interest me the most of how people may take this deal and rethink their choices. I dont feel that their is an agree or disagreeable standpoint. THis information has been presented the only way that it can be presented being truthful. I would recommend this source again.
Chrysler has set upp a new plan for restructuring it's methods to boost up sales. They have gone to desperate measures and ensured a 4,000 ebate on a new Chrysler. Their plan is to use this rebate to work through their bankruptcy and pay back the loans. This rebate plan was announced on Wednesday. The donfall is that the dealership is not responsible to cover car payments in case of emploment loss. Another is that they will not compensate loss car value if the company goes out of business. I chose this article because it interest me the most of how people may take this deal and rethink their choices. I dont feel that their is an agree or disagreeable standpoint. THis information has been presented the only way that it can be presented being truthful. I would recommend this source again.
Why stimulus money goes unspent
http://money.cnn.com/2009/05/05/news/economy/spending_stimulus_money/index.htm?postversion=2009050513
This article today talks about why the stimulus money that is given to citizens is not spent. Some of the reasons were that approval has to be made before the money is distributed. Legislatures have to approve the stimulus before making moves with the money. States have alot of money to spend but the process alot of times was reversed. Some of the money is being put in for services like education and social services. The reason for me choosing this article is because we as the common people need to know where the stimulus is going and if the people that really need it are getting it. I do agree with this article because I feel better knowing that our government is comng down with a solution to get our economy off the ground. I feel that this article was presented fairly because now we know what happens through the process of the stimulus checks and who approves of them. Personally Cnn is a great source to find out what we complain of being ignorant about.
This article today talks about why the stimulus money that is given to citizens is not spent. Some of the reasons were that approval has to be made before the money is distributed. Legislatures have to approve the stimulus before making moves with the money. States have alot of money to spend but the process alot of times was reversed. Some of the money is being put in for services like education and social services. The reason for me choosing this article is because we as the common people need to know where the stimulus is going and if the people that really need it are getting it. I do agree with this article because I feel better knowing that our government is comng down with a solution to get our economy off the ground. I feel that this article was presented fairly because now we know what happens through the process of the stimulus checks and who approves of them. Personally Cnn is a great source to find out what we complain of being ignorant about.
Friday, May 1, 2009
Chrysler seeking quick fix for bankruptcy
http://money.cnn.com/2009/05/04/news/companies/chrysler_bankruptcy/index.htm?postversion=2009050416
This article is about how Chrysler is now trying to find a solution to somehow gain money back so it can clear a way to merging with Fiat. The automaker went to federal bankruptcy court on Monday settling witht the judge to set a May 21st hearing to talk over it's assets and objectives. Chrysler's lender's main worry was getting their money back from Chrysler. They filed more than $6.9 billion in debt through bankruptcy process. The reson for choosing this article was because of the financial setback of many companies that once had nothing to worry about financially now are in the lowest point where they have no choice but to file for bankuptcy and find a way to pay lenders back. The information in my opinion was presented fairly. I would use this source again because it Cnn keeps up with Chrysler finding out each move the company makes. I do agree with what is happening because I feel that the company should've been mindful of what they tried to sell.
This article is about how Chrysler is now trying to find a solution to somehow gain money back so it can clear a way to merging with Fiat. The automaker went to federal bankruptcy court on Monday settling witht the judge to set a May 21st hearing to talk over it's assets and objectives. Chrysler's lender's main worry was getting their money back from Chrysler. They filed more than $6.9 billion in debt through bankruptcy process. The reson for choosing this article was because of the financial setback of many companies that once had nothing to worry about financially now are in the lowest point where they have no choice but to file for bankuptcy and find a way to pay lenders back. The information in my opinion was presented fairly. I would use this source again because it Cnn keeps up with Chrysler finding out each move the company makes. I do agree with what is happening because I feel that the company should've been mindful of what they tried to sell.
Chrysler to file for bankruptcy
http://money.cnn.com/2009/04/30/news/companies/chrysler_bankruptcy/index.htm?postversion=2009043009
This article talks about how the dealership Chrysler is soon to be filing for bankruptcy. Chrysler has always been the one of the top dealerships but due to their let down of their past few uninspired products that have not drawn many customers. Their bankruptcy report witheld no comment and now they face a Thursday deadline to reach deals with different creditors. During this time the Treasury Department loaned them about 7 billion dollars. President Obama stated that Chrysler will be a very competitve company after coming out of their dilemma. I chose this article because I was quite astonishing that a dealership like Chrysler will go under after they have been one of the apex companies in the U.S. This information was presented fairly because Obama talked about how Chrysler was going to get back to being the top company again so Chrysler is not alone. I would use Cnn as a source because they are true and talk about the opposing side also.
This article talks about how the dealership Chrysler is soon to be filing for bankruptcy. Chrysler has always been the one of the top dealerships but due to their let down of their past few uninspired products that have not drawn many customers. Their bankruptcy report witheld no comment and now they face a Thursday deadline to reach deals with different creditors. During this time the Treasury Department loaned them about 7 billion dollars. President Obama stated that Chrysler will be a very competitve company after coming out of their dilemma. I chose this article because I was quite astonishing that a dealership like Chrysler will go under after they have been one of the apex companies in the U.S. This information was presented fairly because Obama talked about how Chrysler was going to get back to being the top company again so Chrysler is not alone. I would use Cnn as a source because they are true and talk about the opposing side also.
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