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BREAKING NEWS: HEDGE FUND MUST GIVE UP CONTROL OF CHRYSLER

HEDGE FUND DOWN

PAPER: Cerberus Capital Management will lose its equity stake in Chrysler LLC’s struggling automotive company as a condition of the Treasury Department’s bailout deal with the U.S. auto maker, according to several people familiar with the matter.

The New York private-equity firm purchased an 80% stake in Chrysler in 2007, promising to bolster the auto maker’s performance by operating as an independent company. The plan, however, collapsed due to an unprecedented slowdown in the U.S. auto industry and a lack of capital at the auto maker to weather the storm…

OBAMA: LET THEM GO BANKRUPT…

Filed under: Politics, , , , , , , , , , , , , , , , , , , , , , ,

GENERAL MOTORS CEO QUITS ON DEMANDS FROM OBAMA

YOU’RE FIRED

WIRE: The Obama administration asked Rick Wagoner, the chairman and CEO of General Motors, to step down and he agreed, a White House official said.

Wagoner’s departure is one of the remarkable strings attached to a new aid package the administration plans to offer GM…

Filed under: Obama, , , , , , , , , , , , , , , , , ,

Japan to Activate Missile Defense if North Korea Fires, Orders ‘Destruction Order’

Japan’s Self Defense Forces plan to deploy Aegis destroyers off Japan and move PAC-3 missile units now stationed in 6 locations to northern Japan, over which a missile would likely pass…

Filed under: Politics, , , , , , , , , , , , , , , , , , ,

OBAMA ADMIN SEEKS POWER TO SEIZE NON-BANK FINANCIAL FIRMS

PAPER: The Obama administration is considering asking Congress to give the Treasury secretary unprecedented powers to initiate the seizure of non-bank financial companies, such as large insurers, investment firms and hedge funds, whose collapse would damage the broader economy, according to an administration document…

Brendan Smialowski / Bloomberg News

Brendan Smialowski / Bloomberg News

Filed under: Economics, Obama, , , , , , , , , , , , , , , , , , ,

Obama’s Secret Meeting With Gorbachev; Press Wasn’t Informed (Video)

gibbsrussiameeting

Filed under: Obama, , , , , , , , , , , , , , , , , , ,

Japan Prime Minister: Must Build Defense

Japan Prime Minister“You must be well aware that we face many issues in the Asia-Pacific region, including North Korea’s nuclear and ballistic missile development...for us to assure peace and stability in Japan, it is extremely important to further strengthen the Japan-US alliance as well as to make its own efforts for self defense…”

U.S. To Move Troops From Japan to Guam…

Filed under: Politics, World, , , , , , , , , , , , , , , , ,

RUSSIA MAY SEND BOMBERS TO CUBA

“Russia could land strategic bombers at Cuban and Venezuelan airfields while conducting patrols, the head of the Russian strategic air force was quoted as saying by the Interfax news service…”

“”There are four or five airfields in Cuba with 4,000-meter-long runways, which absolutely suit us,” Maj. Gen. Anatoly Zhikharev told Interfax…”

Filed under: Politics, World, , , , , , , , , , , , , ,

CNN Reporter Becomes Communist Candidate in El Salvador

The presidential candidate [1] of the Farabundo Martí National Liberation Front (FMLN), the communist revolutionaries in El Salvador the Reagan administration battled in the 1980s, is, a Monday Washington Post story noted, “a former correspondent for CNN en Espanol [2].” In the March 9 article, “In El Salvador Vote, Big Opportunity for Leftists [3],” reporter William Booth relayed from San Salvador that the journalist-turned-politician “considers himself to be El Salvador’s Barack Obama….”

Filed under: Media, World, , , , , , , , , , , , ,

Popeyes Restaurant Now Accepts Food Stamps (Photos)

A Popeyes Fast-Food Restuarant In Texas Accepts Lone Star Food Stamps

A Popeyes Fast-Food Restuarant In Texas Accepts Lone Star Food Stamps; Source: Robert Johnston

A Popeyes Fast-Food Restuarant In Texas Accepts Lone Star Food Stamps

A Popeyes Fast-Food Restuarant In Texas Accepts Lone Star Food Stamps; Source: Robert Johnston

Filed under: Humor/Irony, , , , , , , , , , , , , ,

Olympic Boxing Gold Medalist Defects to U.S. From Native Cuba

“Fidel Castro wrote in an essay after their return to Cuba that the pair had “reached the point of no return” with the national boxing team. Lara defected to the U.S. last year.”

Cuban Boxer Yan Bartelemí After Winning Gold Medla Fight

Cuban Boxer Yan Bartelemí After Winning Gold Medla Fight

Filed under: World, , , , , , , , , , ,

AIDS Now The Deadliest Disease in China

China State Media Reports AIDS As Deadliest Disease…

700,000 infected Chinese…
Kills 34,000 so far

Chinese Man Flies AIDS Ribbon Kite

Chinese Man Flies AIDS Ribbon Kite

Filed under: Media, World, , , , , , , , ,