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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Apr 28, 2009
Page
9
NYC workers panicked when a presidential Boeing 747 and a fighter jet flew near ground zero. Mayor Bloomberg denounced the federal flyover as poor judgment and insensitive and complained NYPD and another agency were not instructed in time.
General Motors proposes a debt-for-stock plan to retire about 27 billion in unsecured debt and exchange half of a 20 billion government loan for equity. The move, plus seeking stock for part of a retiree fund payment, aims to give GM breathing room and avoid bankruptcy while restructuring operations. Investors would trade unsecured debt for common stock, shifting risk from creditors to shareholders.
Peru says it granted asylum to Manuel Rosales amid corruption allegations in Venezuela. Foreign Minister Garc a Belaunde cited humanitarian reasons, while Venezuela demanded his capture to face trials for alleged illegal enrichment dating 2000 to 2004. Rosales, former governor of Zulia and 2006 presidential challenger to Chavez, resigned as Maracaibo mayor weeks earlier and went into hiding.
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