Government and Economy
A GM Bankruptcy: Disaster in the Making
When it comes to the auto industry, President Obama isn't just ruling on the fate of a single company. A GM bankruptcy could easily devastate the very economy he is attempting to stabilize. BusinessWeek.com
Auto Crisis Hits Minority Dealers Hard
After years of work to bring minorities into the automobile industry, minority car dealers are now expected to be hit hard as GM and Chrysler make cuts in their retail networks. WSJ.com
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You have seen them, those emails saying that you are owed a piece of President Obama’s $787 billion stimulus package and that, for a small fee, the senders of said email will be happy to secure your money and send it right along to you. It is a lie.
Really, there is no other way to say it. Like all scam emails—the one where some bank needs to “verify” your information, or the one where the sweet dying old lady in Nigeria has picked you to inherit her fabulous wealth, etc.—it is a lie to hook the shady, or the desperate, and with the economy the way it is, there are plenty of both.
The FTC Statement
The Federal Trade Commission is working on this problem and has issued the following statement. Please read it carefully.
The FTC is warning consumers that they could get stung by an economic stimulus scam. The scams come in different forms.
Right now, on the Web and in e-mail, scammers are tellin... [Read Full Article]