A House-passed bill to speed $14 billion in loans to Detroit’s automakers stands on shaky ground in a bailout-weary Congress, undermined by Republican opposition that could derail the emergency aid in the Senate.
A government “car czar” with the power to force U.S. automakers into bankruptcy would dole out $15 billion in emergency loans to the failing industry under an emerging deal between the White House and congressional Democrats.
The Supreme Court has turned down an emergency appeal from a New Jersey man who says President-elect Barack Obama is ineligible to be president because he was a British subject at birth.
A bailout plan for the failing U.S. auto industry could include a Cabinet-level oversight board and a provision to withdraw the money if the overseers decide the companies are failing to take steps to overhaul themselves.
Medical marijuana became legal in Michigan on Thursday, but smoking a joint could still get patients arrested because the regulations needed to protect them won’t be ready for months.
The chairman of the House Financial Services Committee says the new bleak unemployment figures makes helping the nation’s beleaguered auto industry even more urgent.
From Chicagoist: Yesterday we explored what we thought was a benign attempt by a fringe political group to raise a ruckus over Barack Obama’s birth certificate. Boy, were we wrong. While we’re not putting on our tinfoil hats, it definitely has earned our attention. There have been several lawsuits filed regarding the release of Obama’s […]
The foundations of American industry, in theory, are trustworthy, sensible concepts. For one, the enterprising businessperson should have an impervious work ethic. In addition, responsible financial practices (saving, lending, earning) should underpin any viable business. Lastly, many of our business models have failure and risk built in, and that’s all right. Preparing for failure is […]
Former NFL quarterback Michael Vick pleaded guilty Tuesday to a state dogfighting charge, a move that could make him eligible to leave prison early and potentially speed up a return to pro football. Vick, 28, arrived wearing a gray suit and wrist and ankle shackles, but the restraints were removed by the time he entered […]