Thursday, April 30, 2009

SWINE FLU, CHRYSLER IN BANKPRUPTCY, OBAMA's BUDGET and MORE...

A day with a lot of news. Let's start with swine flu. If you want official information about the spreading influenza virus, go to the CDC web site, and watch this video:
http://www.cdc.gov/cdctv/

Here is an article from the Washington Post about the government's handling of information:
http://www.washingtonpost.com/wp-dyn/content/article/2009/04/29/AR2009042904439.html?wpisrc=newsletter&wpisrc=newsletter&wpisrc=newsletter

And one on Egypt killing all its pigs, even though that doesn't appear to be the way the virus spreads
http://news.yahoo.com/s/ap/20090429/ap_on_he_me/ml_egypt_swine_flu

Obama's $3.4B budget was approved:
http://www.washingtonpost.com/wp-dyn/content/article/2009/04/29/AR2009042901033.html?wpisrc=newsletter&wpisrc=newsletter

And here we are with Chrysler in bankruptcy because a few smaller hedge funds refused the government's offer to repay only 1/3 of the debts the company had outstanding with them. They hope they'll do better from the sale of some of the company's assets. The UAW (55%) and FIAT (up to 35%) will be the major shareholders of the company after it has emerged from bankruptcy procedure:

http://www.washingtonpost.com/wp-dyn/content/article/2009/04/30/AR2009043001639.html

http://www.nytimes.com/2009/04/30/business/30uaw.html?_r=1&hp

After 100 days in office, Obama emphasizes the differences from Bush policies:
http://www.washingtonpost.com/wp-dyn/content/article/2009/04/29/AR2009042900305.html?wpisrc=newsletter&wpisrc=newsletter

and expresses concern about events in Pakistan, where the Taliban are gaining ground, 60 miles away from Islamabad:
http://www.nytimes.com/2009/04/30/us/politics/30obama.html?hp

Today, the New York Times devotes a special business section to green technology, perhaps the only promising news of the day, even though one article informs us that investment in alternative energy sources has been plummeting since the beginning of the economic crisis:

http://www.nytimes.com/pages/business/businessspecial2/

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