Wednesday, December 10, 2008

The coming days: The week ahead

America's troubled carmakers look set for a bail-out, and other news

• CONGRESS is set to vote on giving America's embattled carmakers a huge handout to save them from the scrapheap. The bosses of Detroit's Big Three recently visited Washington, DC, to ask for some $34 billion to keep their firms in business. General Motors and Chrysler have given warning that they will not make it to the end of the year without extra cash. If, as seems likely, the troubled car firms get a vast dollop of taxpayers' money, it is unlikely to be enough to return them to good health. So America's politicians should prepare themselves for another visit.

For background, see article ...