Tuesday, December 2, 2008

Ford

Ford told congress that they need acess to 9 billion dollars in loans. But, that they could survive without it and in three years become profitable again, unless the recession is worse then they think it is. In a document submitted to the senate banking committee, Ford said that they are better off then there two domestic counterparts(GM and Chrysler), but that Ford's own success is tied to that of the other automakers.“Because our industry is an interdependent one, with broad overlap in supplier and dealer networks, the collapse of one or both of our domestic competitors would threaten Ford as well,” the company said in its plan. “It is in our own self-interest, as well as the nation’s, to seek support for the industry at a time of great peril to this important manufacturing sector of our economy.” All three of the automakers plan to meet in front of congree later this week trying to get 25 billion dollars in loans. In thier earlier attempt they were unable to convince congress to lend them money. With the money they needed congress would save the companies from going bankrupt. By doing this many domestic jobs would be saved, because all three of these companies are big parts of our economies.

Monday, December 1, 2008

India-Pakistan

Indian officials summoned Pakistan’s ambassador on Monday and told him that Pakistanis must be punished for the terrorist attacks here last week.India’s Foreign Ministry suggested that the planners of the terrorist attacks were still in Pakistan, and that they expected “strong action would be taken” by Pakistan against those responsible for the violence, according to a statement by the ministry. Those who carried out the attacks are either dead or in custody. The Indian government is facing criticism for the attack, in which 173 people were killed.In India, anger towards Pakistan is almost to the levels seen in 2001 when a suicide attack on the Indian parliament almost caused an all out war.This harsh atmosphere leaves The United States in a unique situation. The US is a prominent ally to the Indians, but we also do not want to have Pakistan create more pressure on the US in the Middle East. If we make enemies of Pakistan, then they would openly finance and protect different military factions that already reside in the country.