The News Review:
- Analysis: Lawmakers may grab wheel of auto firms
- China Auto Sales Soar
- House plan seeks to pull car sales out of doldrums
- Senate panel to question bama auto task force
- Jay-Z Can Knock Auto-Tune But Singing Rappers Rule
Analysis: Lawmakers may grab wheel of auto firms
The Associated Press
Dodd said he also wants to know exactly how taxpayer dollars are being used and “why is the government taking such large ownership stakes in these companies?”Congress already has slapped conditions and limits on how Washington’s money is used in overseeing damaged companies including restrictions on executive pay and hiring. That’s one reason banks are so eager to give the money back. But nowhere is the threat of micromanagement so evident as with the auto industryThe government’s expected 60 percent controlling stake in the new General Motors and roughly 8 percent share in Chrysler and the looming closings of dozens of plants and thousands of dealerships raised red flags galore on Capitol Hill. Members of Congress reflecting views of their constituents can easily relate to the closing of auto plants and shuttering of car dealerships. It hits a lot closer to home than dry debates over mortgage-backed securities credit default swaps and derivatives regulation. “There’s danger in this meddling” said American University professor James Thurber an expert on the presidency and Congress. Thurber noted that lawmakers are seeking to intervene “even at the same time they’re saying we don’t want our government running these companies.
China Auto Sales Soar
Wall Street Journal
Auto sales last month totaled 1. 12 million units the China Association of Automobile Manufacturers said.
House plan seeks to pull car sales out of doldrums
The Associated Press
The House proposal set for a floor vote Tuesday was aimed at stimulating car sales during a bleak period for the auto industry and increasing the nation’s fleet of cars that get more miles to the gallon. General Motors Corp. and Chrysler LLC have received billions of dollars in government aid and the entire auto industry has watched car sales plummet during the past year. In May overall sales were 34 percent lower than a year ago.
Senate panel to question bama auto task force
The Associated Press
The Senate Banking Committee will hear from Ron Bloom a senior adviser to the auto task force and Edward Montgomery who serves as the bama administration’s director of recovery for auto communities and workers. The Wednesday hearing was announced by Chairman Christopher Dodd a Connecticut Democrat. The session will review the use of funds from the Troubled Asset Relief Program or TARP to help the auto companies and whether taxpayers will receive a return on their investment. Republican members of the committee have questioned plans for the government to take a majority ownership of General Motors.
Related from Prmonster: Business Column: Auto-dealer group crafts instructive pr campaign
Jay-Z Can Knock Auto-Tune But Singing Rappers Rule
MTV.com
Kelly whose new mixtape is full of Auto-Tune especially the single “Tip the Waiter”). Jay’s argument is that Auto-Tune makes rap softer and encourages more unnecessary crooning but some of the best rap songs have come from singing that can easily be called “unnecessary. ” “Just a Friend” remains a hip-hop cornerstone while nobody ever seems to complain about Ghostface’s “crying” style. And did anybody protest when l’ Dirty Bastard broke into spontaneous warbling — especially on.