Daily News Roundup

Posted by vriz on 04/27/2009

What does the swine flu have to do with the economy? Well, for one thing, the drug companies' stocks are having a field day, but airline and travel company stocks, and the peso… not so much. Oh, and let’s not forget the pork producers. As you can imagine the “swine” in the “swine flu” is making it difficult for people to recklessly enjoy pork chops, pork rinds and Cuban sandwiches. (Although, it must be mentioned that the Centers for Disease Control and Prevention maintain that the flu is spreading from person-to-person contact, rather than through meat consumption) The Dow closed 51 points lower today, but still above the 8,000 mark. There is a whole theory about the Dow. If the Dow Jones Industrial Average go up together with the Dow Jones Transportation Average, this will signal the beginning of a bull market. This simultaneous surge has not happened, yet. So, the wild fluctuations of the markets will most likely continue (at least according to the followers of the “Dow Theory.”) G.M. released a restructuring plan that would have the U.S. Treasury own at least a 50% stake in the company. This is likely the automaker’s final attempt to avoid bankruptcy. However, G.M. sees China as a market where it can not only remain profitable, but where it can also stage its expansion into the entire Asia-Pacific region. "To win globally, we must win in China," said G.M. Chief Financial Officer Ray Young at a Chinese business luncheon in Detroit last week. It appears that GM has given up on winning the U.S. auto market, still number one in auto sales in the world.

Related recent Blogs

@KeepitMadeinUSA on Twitter

  • Toxic fast food meat is just another example of the dangers of Made-in-China goods: http://t.co/aAGHxJiQHA 25 min 25 sec ago
  • A #MadeinAmerica @TervisTumbler will keep your drink cold during the hot summer months: http://t.co/hXDkQruOuT 5 hours 22 min ago
  • .@SecretaryFoxx & 11 former transportation secretaries urge Congress to pass a long-term transportation funding bill: http://t.co/e1T5IJ0Izl 5 hours 57 min ago
  • We agree with @SecretaryFoxx: We need a long-term transportation infrastructure spending plan. http://t.co/0km740jVEW Will Congress listen? 23 hours 33 min ago
  • .@SecretaryFoxx says long-term transportation plan needed. Doing so (w/ Buy America policies) will create jobs: http://t.co/greHym2C6x 1 day 46 min ago
  • .@SecretaryFoxx says US transportation system "crumbling" in speech calling for a long-term spending plan: http://t.co/lgOu6ZjYoe 1 day 1 hour ago
  • In @PressClubDC speech, @SecretaryFoxx calls for a long-term transportation spending plan instead of short-term fixes to Highway Trust Fund. 1 day 1 hour ago
  • 9 fun facts abt NY’s bridges, @Buzzfeed! Wouldn't it be great if a No. 10 told us they were all Made in the USA? http://t.co/YdicwMUKoq 1 day 1 hour ago
  • .@Politico poll: Economy voters' top worry. To boost economy & create jobs, we shld rebuild our infrastructure w/ Buy America requirements. 1 day 2 hours ago
  • No. 1 issue for voters is economy, @Politico poll finds. Voters also call manufacturing jobs a top economic concern: http://t.co/wN34O8kOwE 1 day 2 hours ago