Who Would Benefit From GM Bankruptcy?

[saiiii]

GM's Chapter 11 filing will be bad news for everyone—except the lawyers, accountants, and paper-pushers who'll make a mint off it

FULL STORY : follow this link.... http://www.newsweek.com/id/199997

[jpismahatma]

heard that gm is splitting into 2

good gm and bad gm

  bad m will go bankruptcy

what 2 do

american economy is going down #

[fakeenk]

I already lost my 500 dollars  !@:

[ranjit4u]

http://ia.rediff.com/business/report/2009/may/29/wipro-azim-premji-on-the-h-1b-visa-controversy.htm

Interview of Azim Premji by Rediff

Also, you'll generate a trade war with countries such as India. It's a freedom-of-trade issue. It's precisely what President Obama [ Images ] said in the G20 meeting: The United States will not get into a spate of protectionism.

This should be looked at as a comprehensive immigration issue. Few of the people who come here on H1B visa are here for more than 18 months. They're here to do a specific job for which their presence is required. If the job can be done by an American, we'll hire an American. It doesn't cost us more to hire an American. So they're raising issues about a short term requirement for generating employment, and reducing it to a trade issue.

I think the United States must realise that today 60 to 70 per cent of the growth of the revenues of large American companies comes from India and China. These are the growth markets. It's a simple thing for our government to raise tariffs. It's a simple thing for our government to say no American corporation will get central or state government contracts, or defense contracts.