Friday, December 12, 2008

Shutting Down

Last night I bet someone $20 that unemployment would hit 7.6% or higher. Not worried about losing that bet. Though I'd be happy to.

DETROIT (AP) — General Motors Corp. says it will cut another 250,000 vehicles from its first-quarter production schedule by temporarily closing 21 factories across North America.

The move affects most plants in the U.S., Canada and Mexico. Many will be shut down for the whole month of January.