Detroit Revs Up One More Time
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The latest news from Detroit includes Chrysler's efforts this weekend to make deals that will keep it from heading to bankruptcy. Meantime, General Motors announced a revised business plan today, as well as the closure of historic Pontiac line. What concessions did the unions make? What does Chrysler need to do to convince creditors not to pull the plug? What's next for the big three? Also, the swine flu pandemic, and journalists behind bars. Cases involving American reporters in Iran and North Korea are making headlines, but what about more than a hundred journalists in jail around the world? Sara Terry guest hosts.
Banner image: Fritz Henderson, CEO and President of General Motors, discusses GM's Viability Plan at a press conference in Detroit, Michigan. Photo: Bill Pugliano/Getty Images
Swine Flu Pandemic? ()
The number of confirmed cases of Swine Flu more than doubled today in the US, causing increased concerns about how to deal with the outbreak. Bryan Walsh, staff writer for Time magazine, has five things you need to know about the outbreak.
Detroit Revs Up One More Time ()
The nation's carmakers may be nearing a finish line that no one wants to cross. Chrysler has until Thursday to submit a restructuring plan that will satisfy the federal government, which has loaned $4 billion to the auto manufacturer. Although America's smallest automaker won concessions from American and Canadian labor unions over the weekend, it still needs to reach an agreement with creditors. Will Italian carmaker Fiat step in to help save the day? Meanwhile, General Motors has announced it will close its classic Pontiac brand, as part of its third attempt at coming up with a restructuring plan that will please the feds. If the carmakers survive, what will a restructured industry look like? What will happen to the unions? How is Detroit's crisis affecting the rest of the state?
- David Shepardson: Reporter, Detroit News, @davidshepardson
- Harley Shaiken: Professor of Labor, UC Berkeley
- Peter De Lorenzo: Founder and Publisher, AutoExtremist.com, @Autoextremist
- Patrick Anderson: CEO, Anderson Economic Group
- Teresa Ghilarducci: Professor of Economics, New School for Social Research , @tghilarducci
Jailing Journalists around the World ()
US-Iranian journalist Roxana Saberi is waging a hunger strike in Iran, where she's been sentenced to eight years in prison on a spying charge. In North Korea, American reporters Laura Ling and Euna Lee face up to ten years of forced labor on similar charges. Around the world, there are some 125 journalists being held in prison. Missouri School of Journalism Professor Stuart Loory is editor of Global Journalist.
- Stuart Loory: Editor, Global Journalist
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