Posts tagged with: gm

Blog author: jballor
Thursday, April 9, 2009
By

AS NYT columnist Frank Rich observed earlier this week, it’s hard to find much sympathy for Rick Wagoner. “Sure, Rick Wagoner deserved his fate,” writes Rich. “He did too little too late to save an iconic American institution from devolving into a government charity case.”

The delusions of the CEOs who lined up on Capitol Hill last year to lobby for bailouts extended beyond the arrogance of flying to congressional meetings in private jets. Duly chastened, the CEOs next made the pilgrimage in a caravan of hybrids, but still didn’t realize that some of them might be lobbying to lose their jobs.

If they had realized that in getting a government bailout they would be getting far more than they expected, they might have thought longer and harder about taking public money. I’m sure that Ford CEO Alan Mulally is happy that his company is the only one of the Big 3 that isn’t currently beholden to the whims of the federal government.

Companies who take government money are going to learn what charities who have gone on the government dole learned long ago: he who writes the checks ultimately calls the shots. In biblical parlance, “the borrower is servant to the lender.”

The fate of Rick Wagoner should be a cautionary tale to all those companies who are considering government bailouts, just as the fate of so many faith-based nonprofits serve as warnings to those who want government subsidies.

Blog author: jballor
Monday, August 14, 2006
By

“Scientists have discovered a way to help stop the spread of malaria by genetically altering a bacterium that infects about 80 percent of the world’s insects. Malaria is primarily transmitted through mosquito bites and kills more than a million people every year.”

Source: “Genetically Altered Bacteria Could Block Malaria Transmission,” by Lisa Pickoff-White, The National Academies, Science in the Headlines, August 2, 2006.

HT: Zondervan “To the Point”

For more on the fight against malaria, visit Acton’s Impact campaign page.