The Early Shift

Posted by vriz on 03/26/2009

early-shift.jpg  Increasing tensions among Europeans and the U.S. over the fiscal stimulus--so "eloquently" expressed by the Czech Prime Minister yesterday--sent British Prime Minister Brown scrambling.  President Obama's BFF on the other side of the Atlantic said on Wednesday that "Nobody is suggesting that people come to the G-20 meeting and put on the table the budget they're going to have for the next year."  Brown was responding to the growing resistance from the European countries to President Obama's strong suggestion that the Europeans consider substantial stimulus spending, just like the U.S. has done. The auto task force prepares to offer more loans to the embattled U.S. auto companies, possibly saving 140,000 jobs at Chrysler and G.M., 10,000 jobs at the companies' dealerships, and thousands more in the upstream industries—with strings attached. Here's some scary statistics: the U.S. economy shrank at an annual clip of 6.3% towards the end of last year, according to adjusted figures released this morning by the Commerce Department.    

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