Today’s New York Times

One headline reads:

Detroit Bailout is to Bring on U.S. Oversight

The other reads:

In Hard Times, Russia Moves to Reclaim Private Industries

The Russian automobile sector, however, appears to be booming and it is not mentioned as a candidate for nationalization.

By the way, here is Paul Krugman, apparently saying we need to accept the disappearance of the U.S. auto industry.  I am happy to see this point but I am also a little confused and unfortunately the press report is incomplete; he cites economic geography so does he think the Toyota plant in Kentucky will have to shut down?

I thank Andres Sawicki for the pointer.


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