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BG Falcon Media

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BG24 Newscast
April 18, 2024

  • Jeanette Winterson for “gAyPRIL”
    “gAyPRIL” (Gay-April) continues on Falcon Radio, sharing a playlist curated by the Queer Trans Student Union, sharing songs celebrating the LGBTQ+ experience. In similar vein, you will enjoy Jeanette Winterson’s books if you find yourself interested in LGBTQ+ voices and nonlinear narratives. As “dead week” is upon us, students, we can utilize resources such as Falcon […]
  • Poetics of April
    As we enter into the poetics of April, also known as national poetry month, here are four voices from well to lesser known. The Tradition – Jericho Brown Winner of the Pulitzer Prize, Brown visited the last American Association of Writers and Writing Programs (AWP 2024) conference, and I loved his speech and humor. Besides […]
Spring Housing Guide

General Motors faces possible bankruptcy

DETROIT – General Motors Corp.’s new chief executive said yesterday that more of the automaker’s plants could close and bankruptcy is ‘more probable’ as GM works to meet new, tougher requirements for government aid. In his first news conference as CEO, Fritz Henderson said he expects the company would ‘need to take further measures’ beyond the five plants the company said it would shutter when it submitted a restructuring plan to the government last month. GM also is likely to offer another buyout program to workers as it looks to cut labor costs, Henderson said. President Barack Obama said Monday that GM’s initial plans to become viable didn’t go far enough. He gave the company 60 days to make more cuts and get more concessions from bondholders and unions or it won’t get any more government help. The Obama administration also asked former CEO Rick Wagoner to resign, and Henderson took over as CEO on Monday. Henderson said that although GM would prefer not to use bankruptcy protection to save itself, it is ‘certainly more probable’ than in the past. The company, he said, has until June 1 to accomplish changes sought by the government, or it will be in bankruptcy. The 60-day deadline should be enough time, but if it becomes evident that the changes can’t be made by the deadline, GM could go into court sooner, he said. ‘It doesn’t have to take 60 days. If it’s quite clear that we’re not able to accomplish what we need to do in terms of operational restructuring, reduction of debt on the balance sheet and what we need to do to accomplish these broad parameters of having a viable business, this will be a management judgment’ reviewed by the Obama administration’s autos task force, he said. Henderson also said GM is still talking with potential buyers of the Hummer brand, and a decision on the brand’s fate will come in the next few weeks. GM said in a viability plan filed with the government in February that it would make the decision in the first quarter, which ended yesterday. In an effort to increase sales, GM launched a program called ‘Total Confidence’ that will make car payments for customers who lose their jobs through no fault of their own.

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