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News -12-05-08 Democrats and White House May Have Deal on Automakers (New York Times) "Faced with staggering new unemployment figures, Democratic Congressional leaders said on Friday that they were ready to provide a short-term rescue plan for American automakers, and that they expected to hold a vote on the legislation in a special session next week." 12-08 -12-05-08 Taxpayers Already Lost a Third of Value on Bailout (MSNBC News) "Stock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value — about $9 billion — in barely one month, according to an Associated Press analysis. Shares in virtually every bank that received federal money have remained below the prices the government negotiated." 12-08 -12-16-08 Editorial: Madoff and the Global Economy (Business Week) "A judge ordered the U.S. operations of Bernard L. Madoff Investment Securities to be liquidated, as fresh details emerged of trading discrepancies that offer clues as to how he may have run the epic scam alleged by authorities." "WSJ reporter Amir Efrati says the Madoff scandal could go down as one of the biggest frauds in Wall Street history." 12-08 -12-20-08 Automakers Get Bailout (MSNBC News) "Ailing U.S. automakers and their workers accepted huge concessions Friday, potentially including a partial nationalization, in return for a $17.4 billion federal rescue package meant to buy them time to survive." 12-08 -12-20-08 Obama Completes His Cabinet Picks, Mostly Centrists (MSNBC News) "President-elect Barack Obama wrapped up his Cabinet appointments yesterday, meeting his ambitious holiday deadline by assembling a team full of outsize personalities with overlapping jurisdictions and nominees who are known more for pragmatism than for strong leanings on the issues they will oversee." 12-08 -12-26-08 Shopping Figures Show Dismal Year (ABC News) " 'A difficult economic environment combined with difficult weather in the last few days made 2008 one of the most-challenging holiday seasons in decades,' said Michael McNamara, vice president of research and analysis at MasterCard Advisors." 12-08

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