Monday, August 31, 2009

Your tax money at work... overseas.... sigh....

GM to form China venture, invest $293 million

from another article in same publication..

Aug. 31 (Bloomberg) -- Stocks slid worldwide, trimming a sixth straight monthly gain for the Standard & Poor’s 500 Index, as lower metal and oil prices dragged down commodity shares and banks fell on concern their rally outpaced their profit outlook.


China led the global slump as the Shanghai Composite Index tumbled 6.7 percent, the most since June 2008, and entered a bear market. (Oh my gm... you burned us once, now you are trying it again.. hummmmm)


Alcoa Inc., Freeport-McMoRan Copper & Gold Inc. and Exxon Mobil Corp. dropped as copper plunged the most in two months and crude fell below $70 a barrel. Morgan Stanley retreated 2.6 percent after Bank of America Corp. said the shares are expensive.

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