Last Night's News 3/5/09

Okay, this was a night ABC won if, indeed, there can be a winner in TV reportage. The subject was General Motors whose auditors reported that bankruptcy might be a real option. Brian wanted us to imagine General Motors "out of the picture." NBC talked about the "threat of death," how the company is on "life support," and how the costs of bankruptcy would be tens of billions of dollars.  CBS was also front and center tolling a death knell: "a corporate giant teeters." GM is "running on empty" and "fighting for its life."

Then ABC's Eric Horng put a GM bankruptcy in perspective. (see the last half of this report.) A structured bankruptcy would allow renegotiating all the current union contracts. GM could make deals on 98-billion dollars it owes for  pensions. A hodgepodge of state rules about dealerships would be wept away. And the government would get some of its loan back faster. The only effect for a GM car owner might be driving a little farther to an authorized service center.

President Obama's healthcare meeting received good reviews since it was open and had a range of stake holders present. ABC's Dr. Tim Johnson attended and said he was "blown away" by Obama's knowledge of the issues.

Also Apparently Worthy of Note:
  • Obama is getting gray hairs (Katie called the report the First Hundred Grays). (CBS)
  • Craig's List is the largest promoter of prostitution. (ABC)
  • Beijing is overbuilt now that the Olympics are over and the economy is down. The National Bird of China is no longer the construction crane. (NBC)
  • National Geographic Channel has some pretty pictures of blue whales.

Posted by Jon Ward at 3/6/2009 3:45 PM
Categories: uncategorized
 

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