Bush Gardens; March Job Loss: 742000; Obama saya Bankruptcy Best option for GM and Chrysler;

Obama Said Bankruptcy is the best option for GM, Chrysler •Obama is also prepared to let Chrysler go bankrupt •*I agree with the President 100%. These companies need to restructure themselves and renegotiate with the union. •*I think it cost twice as much to fund a GM worker than a worker for a Japanese company. •GM has 60 days to come up with a plan for deeper cost and debt reductions than its previous plan. www.bloomberg.com Toyota, Nissan Lead 32% Plunge in Japan Auto Sales •the lowest level in 35 years •The foreign car makers are struggling with sales, too. •But GM has more expenses. www.bloomberg.com Battle between the police and protesters outside of the G20 meeting. •Anti-capitalist protesters broke into a branch of the Royal Bank of Scotland in London •4000 protesters demonstrated outside the Bank of England •People are being arrested. www.timesonline.co.uk Obama accepts invitations to visit China, Russia apnews.myway.com ADP Says US Companies Reduced Payrolls by 742000 •larger than economists forecast •and its the most since records began in 2001 •private sector job loss and doesnt include public sector hiring •*ADP usually has a low number in comparison to the actually government job loss number www.bloomberg.com CNN Money article called Employment reports show mixed picture •*No, it doesnt. The picture is clear. Things are getting worse. •The revised number for February was 706000, March was 742000 •An outplacement company says planned layoffs fell for second ...

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