Problems here in the US have a tendency to make themselves felt worldwide, as we have all seen in recent months.  Here is another good example.

German automaker Opel, a subsidiary of the existentially threatened American firm General Motors, is trying to get the German government to secure its future. Its request raises a number of prickly issues.

Read the rest of the story here at Spiegel Online.

It is astounding the differences that you can find in opinion regarding this bailout. Often those differences are shown in the news sources and the target audience thereof.

Here are examples A and B:

The American Institute of Economic research gives a reasoned and balanced assessment of bailing out big auto and why we shouldn’t. Read it at: Bailing Out Big Auto is a Bad Idea.

Meanwhile, the Chicago Tribune is pleading that we should bail out the auto industry. Here is their plea bargin here: Carmakers Should Get Their Share of Bailout.
Amazing the difference in ideas propelled by institutions with different audiences.

In a record bailout of a private company, the government on Monday provided a new $150 billion financial-rescue package to troubled insurance giant American International Group, including $40 billion for partial ownership.

Read the rest here.

“GM needs bankruptcy, not a bailout”

General Motors would like some taxpayer cash a bit more than $10 billion should do to help it buy Chrysler…..  Read the rest here.

see more pwn and owned pictures

WASHINGTON (Reuters) – The U.S. government is expected to shortly announce a list of about 20 banks in the next round of companies receiving capital injections under a $700 billion rescue package, according to a source familiar with the U.S. Treasury Department’s thinking.

The Treasury in recent days has detailed a plan….

Read more here:
http://www.reuters.com/article/businessNews/idUSTRE49N5WH20081024?feedType=RSS&feedName=businessNews