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Mon December 19, 2011
In this morning's news...
Saab files for bankruptcy
Saab Automobile filed for bankruptcy in Sweden this morning. The announcement came after officials from General Motors rejected support for a proposal designed to save the company.
From a Saab press release:
After having received the recent position of GM on the contemplated transaction with Saab Automobile, Youngman informed Saab Automobile that the funding to continue and complete the reorganization of Saab Automobile could not be concluded. The Board of Saab Automobile subsequently decided that the company without further funding will be insolvent and that filing bankruptcy is in the best interests of its creditors.
Benton Harbor schools working to avoid an emergency manager
The Benton Harbor Area Schools are one of several entities in line for a possible state takeover by an emergency manager. State officials are expected to release findings of a preliminary review of the school system's finances this week.
Michigan Radio's Lindsey Smith reported on the cuts Benton Harbor Area Schools Superintendent Leonard Seawood, and members of the school board are proposing in hopes of avoiding a state-takeover:
He and the school board have agreed to close 2 schools and lay off 20 employees. Teachers have agreed to work for less money as the district and the union renegotiates a contract with concessions. Seawood is looking to get a 10-percent pay cut for teachers and increase their health care contributions to 20-percent.
The board agreed to demolish some old buildings and list others for sale. BHAS had already privatized bus drivers, custodians, grounds and maintenance and food service.
Protests at Lowe's in wake of "All-American Muslim" controversy
After Lowe's pulled its ad from TLC's reality show "All-American Muslim," protesters picketed outside a Lowe's store near Detroit this past Saturday.
From the Associated Press:
About 100 people gathered outside the store in Allen Park, a Detroit suburb adjacent to the city where "All-American Muslim" is filmed. Lowe's said this week that the TLC show had become a "lightning rod" for complaints, following an email campaign by a conservative Christian group.
Protesters including Christian clergy and lawmakers called for unity and held signs that read "Boycott Bigotry" and chanted "God Bless America, shame on Lowe's" during the rally, which was organized by a coalition of Christian, Muslim and civil rights groups.
Lowe's pulled the ads after it received pressure from the Florida Family Association. In a letter to advertisers, the group said the show was "attempting to manipulate Americans into ignoring the threat of jihad."