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Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Jun 02, 2009
Page
6
In a Midview high school gym graduation speech, the speaker urges students not to waste time. One graduate, Jessica Kasper, is inspired to attend Lorain County Community College and then Bowling Green after graduation.
Graduates include valedictorian Timothy Jaykel and salutatorian who plans to become a teacher. Student reflections describe sadness at leaving and gratitude for supportive teachers and friends as they move on to higher education and careers. Contact details are provided.
Obama envisions 60 percent U S ownership with Canada holding 12 5 percent and the UAW 17 5 percent while the government retains voting rights on major moves but leaves day to day management to GM. Gibbs and Rattner warn of no fixed timeline with outcomes driven by market conditions and company performance.
The GM bankruptcy filing highlights a rising trend with many firms unable to meet debts. Bankruptcy offers protection while a debtor liquidates under Chapter 7 or reorganizes under Chapter 11, pausing creditor demands and enabling asset sales or restructuring. Chrysler’s asset sale to Fiat shows 363 asset-sale leverage in practice.
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