What you need to know to navigate today’s economic debates.
GM Is Said to Send Termination Notices to 1,100 U.S. Dealers (BLM)
GM is working to pare U.S. dealers by 42 percent, to 3,600, by the end of next year.
Chrysler asks to cut 25% of US dealers (FT)
Chrysler requests permission to walk away from contracts with almost 800 of its 3,200 dealers.
Six Insurers Named to Get U.S. Taxpayer Aid (NYT)
Six major insurance companies to recieve billions of dollars in fresh capital from TARP.
U.S. Regulators Clash Over Holding Bank Management to Account (BLM)
U.S. regulators are arguing over how much influence the government should wield over bank management.
Markets Await Wave of Data (WSJ)
Stocks to decline as investors awaited more economic data and weighed further rescue measures for financial industry.
Trade Wars Launched With Ruses, End Runs (WP)
Outrage in Canada as U.S. firms sever ties to obey “buy American” stimulus rules.
Empire of Carbon (NYT)
Economist Paul Krugman calls for China to join the US in limiting carbon intensive consumption.
Key Dem Backs Waxman Climate Bill (Politico)
The first meeting between Reps. Henry Waxman and coal country Virginian Rick Boucher produces success over climate legislation.
The More Things Change (Nation)
Financial commentator Jeff Faux argues Wall Street’s pervasive influence on Obama’s change agenda props up banks at the expense of the real economy.
Health Costs Are the Real Deficit Threat (WSJ)
White House Director of Management and Budget, Peter Orszag defends Obama’s strategy to reduced health care costs.