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, 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 this rebroadcast of today's To the Point with an update on what health officials in California are doing to contain the Swine Flu outbreak.
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
Health Officials Tracking Swine Flu Outbreak ()
The number of confirmed Swine Flu cases more than doubled today in the US, increasing concern about how to deal with the outbreak. State and local public health officials are tracking cases of the influenza strain from San Diego to Sacramento, and officials at the Mexican border and Los Angeles International Airport are on alert for people coming into the US with flu-like symptoms. We hear more about the spread of the outbreak from Bryan Walsh of Time magazine, and an update on what's being done to contain the threat here in California from Dr. Robert Kim-Farley, Director of Communicable Disease Control and Prevention for the Los Angeles County Department if Health Services.
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
- 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
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