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washingtonpost.com - 11/23/2008

Why Detroit Can't Keep Up

— washingtonpost.com — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from... the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ... (more) Why Detroit Can't Keep Up

White House

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minx.cc - 11/19/2008

Flying Private Jets to Beg for a Bailout

— minx.cc — The CEOs of GM, Chrysler, and Ford travelled in cushy comfort to ask Congress for our money.... All three CEOs - Rick Wagoner of GM, Alan Mulally of Ford, and Robert Nardelli of Chrysler - exercised their perks Tuesday by... (more) Flying Private Jets to Beg for a Bailout

Washington, D.C

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Cheap Oil
Jules Crittenden — ... I like gassing up for $25 bucks, and judging by the prices I saw driving home last night, my next fillup will be even cheaper. It reminds me of long ago, more peaceful times. It may be a Mideast nightmare, but does it pay other dividends? Here’s MEMRI rounding up fear, loathing and hopes in those places where money bubbles up out of the ground. Excerpted:   After a hefty spike in oil prices in the preceding year, reaching as high as $147 a barrel in July 2008, prices plummeted in the subsequent four months to below $55 a barrel on the close of trading day of November 14 - a ...

Ford CEO will drive to Washington for auto bailout hearings.
Think Progress — The CEOs of the Big Three automakers were heavily criticized for flying private jets to D.C. when they appeared on Capitol Hill a couple of weeks ago. Rep. Gary Ackerman (D-NY) commented, “It’s almost like seeing a guy show up at the soup kitchen in high hat and tuxedo.” Since that hearing, GM announced it was putting two of its five corporate jets out of service, but claimed it was not a reaction to the harsh treatment from Congress. Now, Ford CEO Alan Mulally is pledging to drive to Washington for auto bailout hearings this week: ...

Did Bernie Madoff Bilk Mother Jones? (From the Editors)
MoJo Blog Posts: mojo — ... it is a big chunk. Managers are taking pay cuts, we’ll be running somewhat smaller issues, we’re subletting office space, but at this point the only way to reduce expenses even further is to lay off reporters and cut back on investigating the powers that be. That’s the last thing we want to do: With Washington in transition and billions flying out the door, someone has to dig into where the bailout money is going. This is where you come in. We’re not asking you to pay for private jets or chauffeured Town Cars; every penny of your donation goes to the ...

Ill-Gotten Planes
Hit & Run — ... would have been more cost-effective. Of course, at no point in these deliberations—or most of the coverage for that matter—did anyone consider that congressmen might fly coach. We all remember this one to the auto execs few months back: "I'm going to ask the three executives here to raise their hand if they flew here commercial." The Big Three CEOs must be enjoying some pretty serious schadenfreude right now. ...