Headlines

Trump compares police brutality to golfers who “miss a three-foot putt”

Tesla to sell up to $5 billion in stock amid its incredible rally

DHS Chief says Fed’s are investigating funding of Antifa and BLM

Portland escalates: Rioters set fires at [Mayor] Wheeler’s condo

Belarus opposition leader: Dozens disappear after protests

About 14% of Americans have wiped out emergency savings: CNBC + Acorns survey

Most rioters arrested in Kenosha lived elsewhere

Biden says Trump ‘incitement’ led to death of Trump supporter

Trump defends gunman after murdering two in Kenosha

Coronavirus live updates: General Motors completes ventilator order for U.S. stockpile, Trump talks less about virus

41 states preparing to pay Trump’s $300 weekly unemployment boost

Poll shows Trump gaining post-convention bump among black voters

STAND UP FOR AMERICA!

Headlines

Trump calls for ousting GOP congressman from party ahead of coronavirus relief vote

Coronavirus live updates: Lack of Internet leaves millions cut off, Real ID deadline extended

USA now leads world in cases ... Peak second week in April ...

New York Times blames evangelical Christians  for coronavirus

Poll: Majority approve of Trump’s coronavirus response, but more Americans say he was too slow to start

Trump criticizes GM, CEO Mary Barra for wanting ‘top  dollar’ for producing ventilators

UK rocked: Boris positive ...

Hundreds die in Iran after drinking poison ‘cure’ for coronavirus

Judge orders release of 10 immigration detainees from N.J. jails

Cramer sees oil plummeting below $20 per barrel

Federal Reserve’s balance sheet tops $5 trillion for first time ...

Dr. Deborah Birx steers away from making Doomsday prediction

Headlines

Trump pushes forward conservative transformation of Medicaid

Trump impeachment trial: Senators ask final questions before critical witness vote

Republicans could move to quick acquittal vote ... claim momentum ...

Graham there are ‘53 Republican votes to call Hunter Biden’

Wilbur Ross says coronavirus could bring jobs back to the U.S. from China

GM resurrecting Hummer as ab all-electric ‘super truck’ with 1,000 horsepower

Mexican economy suffers first contraction in decade ...

Impeachment poll: 47% for removal, 48% against

U.S. economy grew at moderate 2.1% rate in fourth quarter

Economic growth looks even weaker this quarter virus now a wild card

Fed pumps another $82 billion ...

Netanyahu in Moscow to discuss Mideast peace plan

Headlines

McConnell prepares to move forward on impeachment trial rules without Democrats

Mortgage rates fall further, as buyers rush into first open houses of 2020

Tesla: most valuable car company in America ever ...

State Department urges Americans abroad to ‘keep a low profile’

Pompeo says U.S. will abide by laws of war after Trump suggests targeting Iranian cultural sites

US trade deficit falls more than expected to hit lowest level since Trump took office

IRS personal income-tax audits drop to lowest level in decades ...

Nancy Pelosi to introduce Executive Surrender resolution in House

Grassley: Impeachment could delay USMCA by a month

GM warns of ongoing challenges in China as stock falls 15% in 2019

Super Pump: Repo panic returns as Fed injects $99 billion ...

Chelsea Clinton rakes in $9 million as corporate board director

Headlines

Schumer demands new documents for impeachment trial

5G may reveal actionable data in everything — from vehicle health to storm drain efficiency

Obama talks up Warren behind closed doors

Activists plan $3 billion city to solve California’s homeless problem

Saudi sentences 5 to death for Jamal Khashoggi’s killing

Millionaires support a wealth tax — as long as they aren’t getting taxed — CNBC survey

McConnell NOT closing door on impeachment trial witnesses ...

Donald Trump approval rating surpasses Barack Obama

Corey Booker would rather defeat Trump at the polls

GM, Ford and others cut thousand of jobs and closed factories to save billions in 2019

Blind mystic predicts Russian meteorite and war for 2020 ...

Boeing CEO resigns amid MAX 737 aircraft problems

Headlines

Warren’s charmed campaign has just entered a brutal new phase

GM, UAW reach tentative pact that could end monthlong strike by 48,000 workers

Debate: Biden fades into background ...  Rivals make clear who front runner is: Warren ...

Elizabeth Warren won’t deny the Medicare for All raises middle-class taxes

Prosecutors flag that DOJ is not in sync with Trump on tax returns claim

Fed’s Evans says no more rate cuts are needed through 2020

Outlook for China trade deal continues to deteriorate ...

Tulsi Gabbard: ‘I don’t see deplorables when I look at America’

Trump slams U.S.-alien Kurds as ‘not angels’

Doubts rise on Trump’s claim of China’s promise to purchase more US farm products

4th defendant in case involving Rudy’s clients arrested ...

Report: AOC, Omar and Tlaib to endorse Bernie for president

Headlines

Republicans unload on Trump for Syrian shift when he needs em most

Senators pile on the NBA for yielding to China over Rockets GM pro-Hong Kong tweet

Supreme Court begins without ill Clarence Thomas ...

Republicans, Independents supporting POTUS ‘in ways that they were not doing before’

Harris proposes six months of government-paid family leave

Oil slips as US-China trade talks loom

Two earthquakes rattle Charlotte area ...

Mitt Romney: Trump’s Syria withdrawal a ‘betrayal’ of Kurds

‘POTUS went rogue’: Trump’s Syria move blindsides national security leaders

The 50-year low in unemployment isn’t helping workers paychecks

Minneapolis police union selling ‘Cops for Trump’ shirts ahead of rally

Elizabeth Warren calls to ‘reclaim the court’ and impeach Kavanaugh

Headlines

Jim Jordan: Trump not serious in calls for China to investigate Biden

UAW says GM labor talks ‘have taken a turn for the worse’

IMPEACHMENT 2019: ‘Never Trump coalition’ decides he’s fine ...

Exclusive — Kevin McCarthy: Pelosi must sideline Schiff

Macron: We’ll know soon on Brexit deal

There is now a second whistleblower in the Trump Ukraine case

4 killed, 5 injured in Kansas City bar shooting ... Hunt for killer ...

‘Depressed’ Willie Brown: Only Hillary Clinton can beat Donald Trump

Boris Johnson: ‘We’re packing our bag and walking out’ in 25 days

US small businesses fight an uphill battle against counterfeiters in China: ‘Its a wack-a-mole’

Pope opens debate on celibacy requirement for Catholic priests ...

Canada: Mass migration drives pop[ulation] growth

Headlines

Trump announces ‘highest sanctions ever’ targeting Iran’s central bank

Thousand more workers furloughed with more coming as GM, suppliers idle plants in UAW strike

Number of unaccompanied alien children entering USA highest in history ...

Blue state blues: Democrats back policy that led to Parkland shooting

Trump trolls de Blasio after mayor’s withdrawal from presidential race

Trump administration faces long odds in fight with California over auto emissions waiver

NY Fed to pump $75 billion into markets daily through Oct, 10 ...

‘Largest polar expedition in history’ to probe Arctic climate

USMCA frustrations grow among House Democrats excluded from Trump talks

Trump says he doesn’t need a trade deal with China before the 2020 elections

Netanyahu clings to power as coalition talks loom ...

Warren hires Planned Parenthood leader to head campaign in Florida

Headlines

Pressure mounts on Northam over racist yearbook photo

Russia suspends Cold War-era nuclear deal after the US pulls out

[VA Gov.] Northam now tells Dems NOT him in [racist]photo?

Black Monday: GM to lay off 4K white-collar American workers

Congress tunes out Trump's border wall threats

A democracy win in Venezuela would be hugely significant for a world gripped in rising autocracy

Venezuelan general urges military to disavow Maduro ...

[David] Brooks: 'I'm more appeale' by Northam's abortion comments

Is Cory Booker for real?

China's COFCO buys million tone batch of US soybeans

Scandals loom over Bolsonaro after first month in office, 'It smells dirty' ...

Trump: 'People are dying all over the country' because of Nancy Pelosi

Headlines

Exclusive: Trump's FEMA administrator under investigation for use of official cars

GM  recalls over 1 million pickups, SUVs for power steering problems

Eyewall down, Florence weakens, winds 105 mph

Dalai Lama: 'Europe belongs to Europeans,' refugees should rebuild homelands

Trump accuses Democrats of inflating Puerto Rico [hurricane] death toll

Alphabet's Larry Page has reportedly checked out, spending more time on his private island

Michael Moore accused of stiffing, smearing vendors ...

Turkey's Erdogan in the Wall Street Journal: 'The world must stop Assad'

GOP Senators: No Sessions replacement could get confirmed

Kaepernick buzz may be fading, Nike online sales return to levels before the ad

Monopoly busting case against Google, Amazon, Uber, Facebook ...

Food stamp usage declines for eight straight month ...

Headlines

Trump's VA pick  bows out after allegations pile up

Bad news for Mueller and yet he swamp: the voters are on to you

FOXNEWS POLL: Special Counsel  likely will find criminal offenses ...

Mattis: U.S. will 'expand' Syria operations

'I have nothing to hide' Pruitt tells angry Congress

Jury finds Bill Cosby guilty on all three counts of sexual assault

Trump allies drowning in legal fees ...

Daily Beast suspends Joy Reid's column

Pompeo confirmed as Secretary of State

Ford basically giving up on US car business, and GM is not far behind

[Iran's] Khamenei urges Muslim nations to unite against America ...

Trump to visit U.K. in July

Headlines

All from Internet news sites. Guess which from Drudge?

Aides give up on trying to control Trump's tweets

Doctors are turning to marijuana to treat opioid addiction

Argentine sub missing with 44 sailors ...

Mika latest Clinton ally to suggest Bill should have resigned

Trump reverses hunting trophy decision, says he will review

Tesla is 'going out of business' says former GM exec Bob Lutz

I trump to pay staff legal bills ...

Hungary PM: 'Silent majority' will prevail over 'Soros empire' ...

Jesse Jackson diagnosed with Parkinson's

WalMart says it has pre-ordered 16 of Tesla's new tractor-trailers

10,744 more JFK records released ...

LOL: After covering for Weinstein, Clinton, NYTimes says Franken should go

Headlines

These headlines are real ... they have all been discovered on Internet news sites. Guess which ones came from Politico?

[NKorea] possesses 10-25 nuclear weapons ...

Russian journalist and Putin critic dies after brutal beating

Trump plans executive order on steel imports

Calexit leader moves to Russia permanently

GM closes operations in Venezuela after plant seized

Blood from babies to restore memory?

Ryan says Congress is close to deal on health care

Tillerson takes aim at Iran in rare press appearance

Mystery over 730,000 missing elephants ...

CNN: Trump's North Korea policy might just be working

Congress likely to avoid gov't shutdown

Netflix users have watched half a billion hours of Adam Sandler movies

Headlines

These headlines are real ... they have all been discovered on Internet news sites. Guess which ones came from Politico?

Susan Rice: I leaked nothing to nobody

Spicer: Trump donating first quarter salary to National Park Service

Tesla tops GM in [stock market] value ...

EU tells Hungary ans Poland, accept mass migration or leave ...

Trump to Putin: U.S. offers 'full support' in St. Petersburg attack

Great Again: Justice Dept warns employers not to discriminate against U.S. citizens

Rice 'ordered spy docs on Trump'

Former SNAPCHAT employee presets to release 'doctored' usage stats

[Richmond] Fed President Lacker resigns: Admits leaking confidential information

McConnell bets the Senate on Gorsuch

Contact lens tells when you're sick ...

National readiness woes: Only 7 to 10 Air Force planes ready to fly ...

GuM

I have written skeptically about the future of General Motors in the past … see: Government Motors.  Now we see that the U.S. taxpayers are about to take a $10 billion haircut on their General Motors bailout … whereas the United Auto Workers (UAW) will make out like the bandits that they truly are … see: Detroit News Story.

Actually, if it were not for the popularity of GM products in China (a baffling development, see: Bloomberg Story), there would be a considerably larger gum-up of taxpayer accounts.  To put things in perspective, the 1979 government bailout loan to Chrysler under Lee Iaccoca totaled $1.5 billion … which was repaid in full … see:  Washington Times Story.

I still strongly believe that, at some point, the fact that the UAW is part of the management structure at GM will eventually spell its downfall.  It was the short-sighted concessions that GM management gave to its unions in days past that spelled its previous financial collapse.  And, I predict, future labor contracts will be even more tainted by this current union self-dealing.  It’s inevitable.

Mr. Goodwrench

President Obama has unilaterally guaranteed the warranties on the autos sold by General Motors and Chrysler. See U.S. Auto Warranties. Now this is a pretty far-reaching commitment of taxpayer dollars for not having any public or Congressional input. To see how profound this might be consider the following: these two U.S. automakers sell roughly eight million cars a year (some years more, some years less) and I estimate the effective cost of a three-year warranty on a new car to be about $1,000 per car. So Obama has committed the U.S. taxpayer to $8 billion of cost per year in the first year and accumulating up to $24 billion per year in year three (after layering each new model year). Once these two car companies went under, this guarantee would theoretically last for at least three years after they disappeared under the waves. Now this is just problem one. There are two more serious issues:

1) What about Ford Motor? How can they compete with GM and Chrysler when these latter two companies have free access to the U.S. taxpayer’s wallet from which to extract even larger amounts of pelf.

2) What about foreign auto makers? Can they not now claim unfair trading practices for this U.S. warranty backstop? In fact, just the current Obama loan guarantees to GM and Chrysler could also be construed to be the start of an auto-industry world trade war. We know that the degeneration of world trade was a major contributing factor to the great depression. Have we just let this genie out of the bottle once again?

The Obama administration is moving so fast in its attempts to improve our economy that I am concerned that it has not spent enough time worrying about unintended consequences. Maybe they need to follow that oft-used phrase from the Clinton administration and "stop and take a deep breath".