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Small business loans dwindle (The Tennessean)
Cameron Goss, the president of Goss Suzuki of Rivergate, got a $650,000 loan late last year from the U.S. Small Business Administration to help renovate his car dealership at a cost of about $1 million.
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Colorado Car Dealers Slashing Jobs Amid Slump (CBS4 Denver)
Colorado car dealers say they're laying off workers because sales are plummeting, and they want Congress to step in to keep U.S. automakers afloat.
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A road map for Detroit (The Christian Science Monitor via Yahoo! News)
When your car is burning oil, you have a few choices. Buy quart after quart and watch your money go up in smoke. Scrap it and try to manage without. Or overhaul the engine and keep it for the long run.
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Markets hit new lows on global job losses (Reuters via Yahoo! News)
Fears of a deep, long global recession intensified on Thursday as markets hit new lows in alarm at reports of record U.S. job losses, oil prices plunging below $50 a barrel and worry that U.S. automakers would not get a bailout from Washington.
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Hot Docs: Bailing Out the Big Three, U.S. Attorney Firings, Somali Piracy (US News & World Report)
Today's selection of timely reports
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Fannie Mae Debt Spreads Hit Records as GMAC Seeks Bank Status (Bloomberg)
Nov. 20 (Bloomberg) -- Yields on Fannie Mae and Freddie Mac 's $1.7 trillion of corporate debt rose to records relative to benchmarks, as GMAC LLC's application for status as a bank holding company potentially creates more competition from issuers of U.S.-backed debt.
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Pearlstein: The Bailout for Detroit (Washington Post)
Washington Post columnist Steven Pearlstein was online Wednesday, Nov. 19 at 11:00 a.m. ET to discuss the automotive bailout.
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TOPWRAP 10-Hope lingers to save US autos from econ crisis (Reuters via Yahoo! Malaysia News)
* U.S. senators reach deal to bail out automakers
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Hope lingers to save US autos from economic crisis (Business Recorder)
WASHINGTON (November 21 2008): US lawmakers demanded turnaround plans on Thursday from automakers as a condition of a bailout aimed at halting an economic crisis that prompted a record rate cut in Switzerland and rescue loans to Turkey and Iceland.
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(AFX UK Focus) 2008-11-20 20:18 TOPWRAP 10-Hope lingers to save US autos from econ crisis (Interactive Investor)
By Jackie Frank
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