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.