New York Times DealBook: “A federal judge late on Sunday approved a plan by General Motors to sell its best assets to a new, government-backed company, a crucial step for the automaker to restructure and complete its trip through bankruptcy court. The decision by the judge, Robert E. Gerber, of Federal Bankruptcy Court in Manhattan, came after three days of hearings to address the 850 objections to the restructuring plan and after he received a revised sale order from G.M.s lawyers. In his 95-page opinion, Judge Gerber wrote that he agreed with G.M.s main contention: that the asset sale was needed to preserve its business, in the face of steep losses and government financing that is slated to run out by the end of the week.”
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Daily Archives: July 5, 2009
CBO: Analysis of the Community Living Assistance Services and Supports Act
Additional Information on CBO’s Analysis of the Community Living Assistance Services and Supports Act, July 6, 2009 “Section 191, which is also known as the Community Living Assistance Services and Supports Act (the CLASS Act), would establish a federal insurance program for long-term care. Under that program, eligible enrollees who need assistance performing common daily… Continue Reading
Opinion: New Evidence on the Foreclosure Crisis
WSJ: New Evidence on the Foreclosure Crisis, – Zero money down, not subprime loans, led to the mortgage meltdown, by Stan Liebowitz, Ashbel Smith Professor of Economics, University of Texas at Dallas: “…the focus on subprimes ignores the widely available industry facts (reported by the Mortgage Bankers Association) that 51% of all foreclosed homes had… Continue Reading
Interview with VP Biden Who Concedes How Bad Economy Was
‘This Week’ Transcript: Vice President Joe Biden – “….BIDEN: And so the truth is, there was a misreading of just how bad an economy we inherited. Now, that doesn’t — I’m not — it’s now our responsibility. So the second question becomes, did the economic package we put in place, including the Recovery Act, is… Continue Reading
Web 2.0 Collaboration: Tools for the Next Generation of Public Service
Web 2.0 Collaboration Tools for the Next Generation of Public Service – Driving high performance through more engaging, accountable and citizen-focused service “Web 2.0 technologies and services have spread around the world at an amazing pace and are used by millions of people every day. Many public service organizations are also adopting Web 2.0 applications… Continue Reading
EFF Demands Public Release of FBI Surveillance Rules
News release: “The Electronic Frontier Foundation (EFF) filed suit against the Department of Justice [on June 24, 2009], demanding the public release of the surveillance guidelines that govern investigations of Americans by the Federal Bureau of Investigation (FBI). The FBI’s Domestic Investigative Operational Guidelines went into effect in December of 2008 and detail the Bureau’s… Continue Reading
DOT OIG: Air Traffic Control: Potential Fatigue Factors
Air Traffic Control: Potential Fatigue Factors, June 29, 2009, DOT OIG Audit “Summary: On June 29, 2009, we issued our report on fatigue factors that could impact air traffic controllers. We conducted this audit at three critical Chicago air traffic control facilities at the request of Senator Richard Durbin of Illinois. These 3 facilities are… Continue Reading
IT Dashboard: Your Window into the Federal IT Portfolio
USAspending.gov: Where Americans Can See Where Their Money Goes – Have you ever wanted to find more information on government spending? Have you ever wondered where Federal contracting dollars and grant awards go? Or perhaps you would just like to know, as a citizen, what the Government is really doing with your money.” “The IT… Continue Reading
