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The Fall of an Industrial Titan: GM Goes Bankrupt
President Obama said today he expects a new General Motors to emerge from the ashes of its historic filing for bankruptcy. Guest host Sara Terry considers a restructured GM, the government's involvement as major stakeholder, and the impact of the failure for auto workers, parts suppliers and dealers? Also, the battle for Minnesota’s still-contested US Senate seat, and it's time to adjust your sprinkler timers.
By Sara Terry • • 55m ListenPresident Obama said today he expects a new General Motors to emerge from the ashes of its historic filing for bankruptcy. He also warned that there are more hard times ahead. Guest host Sara Terry considers what a restructured GM will look like, how hands-off the government will be as the company’s major stakeholder, and what the failure means for auto workers, parts suppliers and dealers? Also, the battle for Minnesota’s still-contested US Senate seat. On Reporter's Notebook, anti-abortionists called him “Tiller the killer." Now, Doctor George Tiller, who performed late-term abortions, has been killed.
Banner image: General Motors CEO Fritz Henderson speaks with reporters following an announcement that GM filed for Chapter 11 bankruptcy today. Photo: Spencer Platt/Getty Images
In this episode
3 storiesColeman, Franken Back in Court over Minnesota Senate Seat
The battle for Minnesota's still-contested US Senate seat reached the state's supreme court today. Republican Norm Coleman is challenging lower court rulings that upheld a win by Democrat and former comedian Al Franken .
Read the story7 minThe Fall of an Industrial Titan: GM Goes Bankrupt
It used to be said that “what's good for General Motors is good for the country.” Not any more. The car company that muscled its way to becoming one of the largest manufacturers in the world filed for bankruptcy today. It's the fourth largest bankruptcy in American history.
Read the story25 minLos Angeles' New Water Restrictions Begin Today
Los Angeles' mandatory water conservation restrictions began today. They include limits on sprinkler watering and reductions in Angelinos' bi-monthly water allotments . The restrictions have been put in place to address a water supply shortage that has plagued the City for the third consecutive year.
Read the story15 min