Obama to form multiagency panel for auto industry recovery
President Obama will appoint senior officials rather than a single car czar to oversee a government wide restructuring of GM Chrysler and the auto sector. Tim Geithner and Lawrence Summers will lead the cross agency panel as Detroit Three face looming deadlines and potential bankruptcy risks with billions in loans at stake.
MENTIONED IN THIS ARTICLE
Washington, D.C
Barack Obama
Treasury
Timothy Geithner
National Economic Council
Lawrence Summers
Obama
U.S
General Motors Corp
Chrysler LLC
Chrysler
Detroit
United Auto Workers
Ford Motor Co
Ford
Treasury Department
Obama debates car czar idea amid GM bankruptcy questions
The piece queries whether a single car czar can manage the GM bankruptcy and notes White House adviser David Axelrod did not give a direct answer about the economy withstanding such a crisis. It frames opinion for readers of Aiken Standard with a call to write in.
MENTIONED IN THIS ARTICLE
White House
David Axelrod
U.S
PBGC Faces Deficit As Recession Deepens
The Pension Benefit Guaranty Corp faces an $11 billion deficit amid the worst economy since the Great Depression. With rising bankruptcies and shortfalls in pension funds, PBGC may assume more plans, worsening red ink though it holds $63 billion in assets against $74 billion future obligations. Former director Millard argues near-term no bailout, but long-term risk remains.
MENTIONED IN THIS ARTICLE
Washington, D.C
Pension Benefit Guaranty Corp
America
PBGC
Charles E.F. Millard
Bush Administration
Barack Obama
World markets slide as Japan slips into deep recession
Global stocks fell after Japan reported a 3.3 percent quarterly drop and a 12.7 percent annual pace, with Europe hit by bank losses at Lloyds Halifax and insurer declines. G7 finance chiefs offered no concrete measures, souring investor sentiment as markets paused on Presidents Day.
MENTIONED IN THIS ARTICLE
London
Japan
Europe
Asia
U.S
Britain
Germany
DAX
France
CAC
Lloyds Banking Group
Halifax Bank of Scotland
Rome
Dariusz Kowalczyk
SJS
Hong Kong
Made in USA but jobs and goods shift overseas
The piece surveys U.S. manufacturing, noting a sharp January job drop and a 28-year low in factory activity. It argues America leads in value but shifts high end production abroad, with Boeing and other giants cutting jobs while moving to efficient, overseas assembly lines.
MENTIONED IN THIS ARTICLE
Washington, D.C
U.S
United States
Henry Ford
China
America
USA
Deere & Co
General Electric
Intel
Lockheed Martin
General Motors
IBM
Boeing
Hewlett-Packard
Richard McCabe
Renton
Wash
McCabe
Japan
Regulators Warn Casinos on iPhone Card Counting Tool
Nevada Gaming Control Board warns casinos about a card counting program for Apple's iPhone and iPod Touch that could let players beat the house. Card counting itself is legal in Nevada, but using a device to count cards is a felony.
MENTIONED IN THIS ARTICLE
Las Vegas
Nevada
Nevada Gaming Control Board
Delphi to Cut 800 Jobs at Steering Division in Buena Vista Township
Delphi Corp. announces 800 job cuts at the steering division in Buena Vista Township near Saginaw Michigan. About 425 hourly and 350 salaried workers will lose positions on March 1 with severance or recall options for some, as engineering purchasing and manufacturing staff face layoffs.
MENTIONED IN THIS ARTICLE
Buena Vista Township
Mich
Del
Phi Corp
Saginaw
Delphi
Mike Hanley
United Auto Workers
Saginaw News
David Barnas
Global External Affairs
Also Mentioned on This Page
Aiken Standard
Aiken, S.C
Aikenstandard.com
Pension Corporation Braces
Cheri Reese F&m Mortgage Group LLC
Legal & General Group PLC
Prudential
Aviva
Jane Coffey
Royal London Asset Management
Bureau of Labor Statistics
Bureau of Economic Analysis
Aiken
Aikenstandard
Financial News
California
Randy Sayre
Daodas
Pat Roberts
Prudential Woodside Realty
Aikensc.com
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