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    Bob Dylan and Chrysler Illustrate Benefits of Globalization During Super Bowl

    In Chrysler’s Super Bowl ad for the Chrysler 200, Bob Dylan says: “Let Germany brew your beer. Let Switzerland make your watch. Let Asia assemble your phone. We will build your car.” The ad didn’t mention that Chrysler is a wholly owned subsidiary of Italy’s Fiat. The United States is … More

    Morning Bell: Unemployment Goes Up, Obama Declares Victory

    Unemployment in the United States increased again last month to 9.1 percent, with the Obama economy adding only 54,000 jobs—the fewest in eight months. Today’s terrible jobs report is much worse than expected. Economists surveyed by Dow Jones Newswires had grimly predicted 160,000 new jobs and an unemployment rate of 8.9 … More

    Automaker Bailout Sold on Empty Promises

    Have an idea but strapped for cash? Not sure if the idea is going to pan out? That’s all right, just ask the government for a few billion dollars. That’s what the automakers did. USA Today reports: If you believed all the talk from Chrysler about how our tax dollars … More

    The Federal Elephant in the Chrysler Bankruptcy Courtroom

    Chrysler is declaring bankruptcy. The step that was once declared “off the table” is now a reality. And that’s good news. The bankruptcy process provides the long-troubled automaker with the means necessary to reduce restructure itself into a viable enterprise. It’s also good news that Chrysler will have private-sector help … More

    U.S. Taxpayer Dollars for Italian Automaker?

    Will the United States government fund Italy’s Fiat’s attempt to own a majority stake in Chrysler? While most people were following other news on Tuesday, Chrysler and Fiat quietly agreed to a deal that would give Fiat a 35% stake in the Chrysler. For this, Fiat would provide Chrysler with … More