Begging for billions: Facts and fictions as auto bailout unfolds
Bailouts, bankruptcies, bridge loans and budgets were all on the agenda Thursday as the Detroit Three asked for the biggest "B" of all -- $34 billion in federal aid. There...
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Forest journal: Twelve days in the jungle
Screaming monkeys, falling trees, chainsaw loggers, village chiefs and a nation's president are on the docket as Tribune chief business correspondent David Greising takes to the Amazonian rainforest. Along the...
It’s never too late to declare a recession
The National Bureau of Economic Research declared Monday that, lo and behold, we are indeed in a recession, and the recession started, well, it started about a year ago. Thanks...
Optimism goes on sale at retailers
Black is the color commonly associated with death and plagues. In the shopping business, it's supposed to connote Christmas carols in the stores and long lines at the checkout counters....
Detroit 3 need to consider downsizing
In telling chief executives of the Detroit Three to hasten back to Motown on their corporate jets and come up with a plan rather than just a plea for help,...
For general purposes, disaster plan critical in today’s economy
When General Growth Properties Inc. proudly unveiled its $7 billion purchase of Rouse Co. in 2004, the company's confidence was based on an expectation that General Growth would, in general,...
Billionaires bring a lot to table
There they were, five of the nation's biggest hedge-fund managers -- billionaires all -- called before Congress to account for the role they may have played in the economic meltdown....
Carmakers should get their share of bailout
Chief executives of the Big Three automakers left Washington last week believing federal funds might be headed their way. Congressional leaders said a bailout would be a good idea, and...
Obama’s team on economy reflects times
In Chicago on Friday, President-elect Barack Obama will meet with his economic transition team. It's a group that looks a lot like America, or an America that wears very well-tailored...
‘First 50’ days key for Obama
As a fresh president-elect prepares to succeed an expiration- dated sitting president, the moment of transition is here. Barack Obama and George W. Bush conflict in philosophy, policy and personality....