http://www.nytimes.com/2009/02/20/us/20california.html?_r=1&th&emc=th
http://www.nytimes.com/2009/02/20/business/20pontiac.html?th&emc=th
http://www.startribune.com/local/39910027.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUac8HEaDiaMDCinchO7DU
http://www.startribune.com/business/39907847.html?elr=KArksLckD8EQDUoaEyqyP4O:DW3ckUiD3aPc:_Yyc:aUUF
http://www.nytimes.com/2009/02/20/business/20lend.html?th&emc=th
In my blog i have 5 pretty random and different news stories to cover so i might be jumping around a bit. Two of my stories have to do with money and the economy is trying a trillion dollar key for locked lenders. What this means is they are trying to fix the bank to the actual banks. Most banks do not have the money the make on loans because they have been sending it to other investors as securities. Pretty much what we are trying to do is pay the lenders what they diserve and obama is planning on doing that.Another story that goes along with the economy In California the $143 billion dollar budget closes a $41 billion dollar deficit through 2010 with tax increases, deep cuts in services and extensive barrowing.What this means is everyone is going to have to pay more.
I made the Pontiac GTO/Firebird article a top story because i love cars, and i agree that they have ruined that model. After the reading the article i dont plan on seeing the old cars coming back anytime soon. GM has demoted Pontiac and will no longer be a seperate division of cars. This is of course is apart of the bailout plan for GM.
I also picked another story that relates so much to what we have talked about in class. The story in the star tribune about 50 people on a plane hitting turbulance brought us right back to the crash in Buffalo NY. It seems like the media wants us to be scared to fly. There were a few serious injuries, but most where minor when the flight to Tokyo hit a patch a unexpected turbulance.
