California budget bulldog Arnold Schwarzenegger (tags)
California Governor Arnold Schwarzenegger is so determined to shred the state's social safety net, and, privatize everything existing, that he's standing bulldoggedly in the way of any revenue hikes, including oil and gas severance taxes that would raise $1 billion this year. And insisting on $1 billion in budget cuts which will cost the state $5 billion in federal funds.
General Motors to Invest $1 Billion of bailout money in Brazil (tags)
According to the president of GM Brazil-Mercosur, Jaime Ardila, the funding will come from the package of financial aid that the manufacturer will receive from the U.S. government and will be used to "complete the renovation of the line of products up to 2012."