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GM to slash production, extend holiday break |
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Written by Chris C.
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Friday, 21 November 2008 16:54 |
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Breitbart reports: "General Motors Corp. will extend its holiday shutdown or make other production cuts at five factories at as it deals with a continued U.S. auto sales slump and fights to stay solvent. Also Friday, the company announced changes at five other factories that could increase production of some models, all based on a volatile U.S. auto market that has slumped to a 25-year low. The changes won't be the last as cash-starved GM tries to conserve as much money as possible while awaiting Congressional action on a bailout loan package for Detroit's three automakers. "Market demand is usually the prevailing criteria," said spokesman Chris Lee. "We're looking at this much more frequently than I've ever seen us as far as making minor adjustments. And I suspect that will be the norm going forward.""
Read the full article here. |
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Last Updated ( Friday, 21 November 2008 16:58 )
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Islamists say they'll fight oil tanker pirates |
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Written by Chris C.
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Friday, 21 November 2008 16:48 |
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Breitbart reports: "A radical Islamic group in Somalia said Friday it will fight the pirates holding a Saudi supertanker loaded with $100 million worth of crude oil. Abdelghafar Musa, a fighter with al-Shabab who claims to speak on behalf of all Islamic fighters in the Horn of Africa nation, said ships belonging to Muslim countries should not be seized. In the past two weeks Somalia's increasingly brazen pirates have seized eight vessels including the huge Saudi supertanker. Several hundred crew are now in the hands of Somali pirates"
Read the full article here. |
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Report: US influence to decline |
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Written by Chris C.
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Friday, 21 November 2008 12:39 |
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BBC News reports: "US economic, military and political dominance is likely to decline over the next two decades, according to a new US intelligence report on global trends. The National Intelligence Council (NIC) predicts China, India and Russia will increasingly challenge US influence. It also says the dollar may no longer be the world's major currency, and food and water shortages will fuel conflict."
Read the full article here. |
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Last Updated ( Friday, 21 November 2008 16:53 )
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