…contracts expired, the United Auto Workers union declared a limited and targeted work stoppage in which about 13,000 workers walked off the job at three Midwestern auto plants. For the…
…industry employed an average of 4,486,300 people in 2024. Overall, the auto industry accounted for 2.8% of all nonfarm jobs in the US in 2024. Auto industry job categories Auto…
by Linda Beale Irish Bailout–impact on taxes uncertain crossposted with Ataxingmatter As plans for the $100 billion bailout of the Irish economy and banking system by the European Commission, International…
The NYT notes this morning: Ireland Will Apply for Bailout Package Irish finance minister Brian Lenihan confirmed today that Ireland had formally applied to Europe and the International Monetary Fund…
by cactus A Review of the First Half of Bailout Nation Barry Ritholtz is on my mind. I started reading Bailout Nation, Barry Ritholtz’s book (with co-author Aaron Task) about…
Bailout Sleuth notes a discrepancy in the way we talk about the money for the bailout. What is up with this? The financial firms that were eligible for some of…
Bailout Bill, With Benefits for Student Lenders, Passes Congress Washington — The U.S. House of Representatives today passed the $700-billion financial-system bailout bill that was approved on Wednesday by the…
The Senate economic rescue package contains $500 billion for bailouts of large corporations. Much commentary has focused on the lack of accountability, but the bigger issue is simply the massive…
…four points, the optimistic version is that the bailout bill will form a “hedge fund” for the “radioactive” portions of MBSes that no one else is buying. (UPDATE: Daniel Gross…
by Ken Houghton Paul Krugman presents the optimistic version*: The House will probably vote on Friday on the latest version of the $700 billion bailout plan — originally the Paulson…