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The Chinese Want To Buy the Big 3 Automakers
huffingtonpost.com — It appears that the Chinese car makers SAIC and Dongfeng have plans to acquire the Big 3: "A take-over of a large overseas auto maker would fit perfectly into China's plans. As reported before, China has realized that its export chances are slim without unfettered access to foreign technology. The brand cachet of Chinese cars abroad is, ...."More… (World News)
Yahoo Shares Plummet Nearly 20% on Ballmer Comments
news.cnet.com — Yahoo shares went into a free fall of nearly 20 percent on Wednesday, following comments from Microsoft CEO Steve Ballmer that the software giant is interested in a search-only partnership and not an acquisition. More… (Business & Finance)
Indian navy sinks suspected pirate "mother" ship
news.yahoo.com — An Indian naval vessel sank a suspected pirate "mother ship" in the Gulf of Aden and chased two attack boats into the night, officials said Wednesday, yet more violence in the lawless seas where brigands are becoming bolder and more violent. More… (World News)
Let Detroit Go Bankrupt (Mitt Romney)
nytimes.com — A managed bankruptcy may be the only path to the fundamental restructuring the auto industry needs.More… (Business & Finance)
Unsold Foreign Cars Hogging Space at a California Port
nytimes.com — Unwelcome by dealers and buyers, thousands of cars are being warehoused on crowded port property, creating a vivid picture of a paralyzed auto business. And for the first time, Mercedes-Benz, Toyota, and Nissan have each asked to lease space from the port for these orphan vehicles.More… (Business & Finance)
Costco’s CEO on Corporate Responsibility - Jim Sinegal - sus
fastcompany.com — As Costco marks its 25th year, straight-talking CEO Jim Sinegal shares his two cents on sustainability, the economy, universal health care, and what our next president should do.More… (Business & Finance)
Al-Qaida No. 2 insults Obama with race epithet
msnbc.msn.com — Speaking in Arabic, al-Zawahri uses the term "abeed al-beit," which literally translates as "house slaves." But al-Qaida supplied English subtitles of his speech that included the translation as "house negroes." More… (Political News)
Australian Sex Party launches on Thursday
theaustralian.news.com.au — SEX sells, and the newly formed Australian Sex Party knows it. That's why, even with what seem to be sensible policies rooted in a desire to make sexuality and discussions about it less touchy subjects, the party has chosen a name that stands out from the traditional ballot paper line-up.More… (World News)
Big 3 CEOs Flew Private Jets to Plead for Public Funds
abcnews.go.com — "This is a slap in the face of taxpayers," said Tom Schatz, President of Citizens Against Government Waste. "To come to Washington on a corporate jet, and asking for a hand out is outrageous." Wagoner's private jet trip to Washington cost his ailing company an estimated $20,000 roundtrip...More… (Business & Finance)
The End of Empathy
splicetoday.com — How the media’s oversaturation of violence makes us care less and less about what’s happening globally.More… (World News)
Texas grand jury indicts Cheney, Gonzales of crime
reuters.com — HOUSTON (Reuters) - A grand jury in South Texas indicted U.S. Vice President Dick Cheney and former attorney General Alberto Gonzales on Tuesday for ''organized criminal activity'' related to alleged abuse of inmates in private prisons. The indictment...More… (World News)
The Fed is collapsing watch!
Obama's Use of Complete Sentences Stirs Controversy
huffingtonpost.com — In the first two weeks since the election, President-elect Barack Obama has broken with a tradition established over the past eight years through his controversial use of complete sentences, political observers say.More… (World News)
Report Faults All Parties in War in Georgia
nytimes.com — Russian, Georgian and South Ossetian forces failed to protect civilians, and in some cases singled them out for attack, during the war in Georgia, according to a report released Tuesday by Amnesty International. More… (World News)
Dick Cheney , Alberto Gonzales indicted by Texas grand jury
chron.com — A South Texas grand jury has indicted Vice President Dick Cheney and former Attorney General Alberto Gonzales on charges related to the alleged abuse of prisoners in Willacy County's federal detention centers.More… (Political News)