Saturday, April 25, 2009

Ford doing better than GM and Chrysler, but still not very well | csmonitor.com

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• The new union deal will save $500 million in annual labor costs.
• In exchange for incentives, creditors agreed to eliminate $10 billion in debt owed by the company – another big cost saving.

Ford may be able to benefit by using GM and Chrysler as a pattern for its own efforts to cut costs

Ford doing better than GM and Chrysler, but still not very well | csmonitor.com

Green Party forms in DeKalb | Daily Chronicle

There are currently 24 locals – local chapters affiliated with the Illinois Green Party – and DeKalb County will be breaking away from a bigger local, the Northwestern Illinois Greens comprised of Boone, Carroll, DeKalb, Jo Daviess, Lee, Ogle, Stephenson, Whiteside and Winnebago counties.

Green Party forms locally | Daily Chronicle

GM Gets $2 Billion More bringing GM’s grand total [2] to $16.83 billion.

GM Gets $2 Billion More

by Paul Kiel, ProPublica - April 24, 2009 1:50 pm EDT

As we say [1], another day, another bailout. The Treasury disclosed today that it had loaned out an additional $2 billion to General Motors, bringing GM’s grand total [2] to $16.83 billion. This is money to keep GM up and running while it nears its June 1 deadline. At that point, GM will either have restructured and proven to the administration that it can remain viable or face bankruptcy.

This seems unlikely to be the last time GM returns for more—the company has sought as much as $5 billion in additional loans [3] (which would bring its total close to $20 billion).

Local fests will go on, despite the recession :: The Courier News :: Local News

 

Falling tax revenue and corporate donations have caused Elgin to eliminate or cut back many of the city's most cherished summer and fall festivals. But in other Elign area towns, while the recession has planners wary, festivals remain on track for a 2009 repeat.

Local fests will go on, despite the recession :: The Courier News :: Local News