How the World Works

By Andrew Leonard
Friday, Dec. 12, 2008 09:54 PST

Timber! General Motors is falling

This just in, from the Detroit Free Press:

General Motors Corp., which is involved in a last-ditch effort to garner federal funds to help it survive through January, confirmed this morning that it is slashing approximately 250,000 units of production in the first quarter by shutting down most North American assembly plants for about 30 percent of the first quarter.

Of special note:

Workers at GM's Kansas City, Kan., car plant and its Spring Hill, Tenn., crossover plant this morning said they were notified this morning that they will be down from the holidays through Feb. 9.

Tennessee, of course, is represented by Republican Sen. Bob Corker, whose quest to kill the UAW sabotaged the bailout -- unless Bush, Paulson and  TARP ride to the rescue.

― Andrew Leonard

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A conversation about globalization.

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Is the Obama economic rescue plan a failure?
Swayed by GOP attacks, independent voters are abandoning ship. But the summer of stimulus love has hardly started
Are automaker woes skewing unemployment figures?
In the summer, the Big 3 usually idle factories and lay off workers. But this year, they're ahead of schedule
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