Friday, December 12, 2008 A US$14 billion bailout package deal for the “Big Three” United States automakers — Chrysler, Ford, and General Motors — has been rejected in the United States Senate after failing a procedural vote. The bill was rejected after bipartisan discussions on the bailout broke down when Republican Party leaders insisted that […]
Day: July 5, 2019
US president Obama, Congress call for blocking of executive bonuses at AIG insurance companyUS president Obama, Congress call for blocking of executive bonuses at AIG insurance company
Wednesday, March 18, 2009 United States President Barack Obama stated Monday that insurance giant AIG is in financial trouble due to “recklessness and greed,” and called for legal action to stop the company from giving out millions of dollars in bonuses to its executives. “It’s hard to understand how derivative traders at AIG warranted any […]
BBC apologises to Queen Elizabeth II for misrepresentation in documentaryBBC apologises to Queen Elizabeth II for misrepresentation in documentary
Friday, July 13, 2007 The BBC would like to apologise to both the Queen and Annie Leibovitz for any upset this may have caused. The British Broadcasting Corporation (BBC) has apologised to Queen Elizabeth II and photographer, Annie Leibovitz, after a trailer for a documentary suggested she had walked out of a portrait sitting when […]