The Obama administration gave General Motors and Chrysler LLC failing grades Monday for their turnaround efforts. The government plans to give the automakers more money, but it is also holding out the threat of a “structured bankruptcy” and promised a sweeping overhaul of the troubled companies. Part of that restructuring began early Monday when CEO Rick Wagoner announced his resignation, which he said came at the request of the Obama administration. President Obama is expected to make a formal announcement later in the day about his plans for the companies, which have already been given $17.4 billion. CNNMoney.com
Some liberals and conservatives want to know why the Obama administration asked GM CEO Rick Wagoner to resign but not the leaders of companies like A.I.G. What do you think of the White House pushing out Wagoner?
Robert Stewart, 45, is suspected to be the gunman who shot and killed seven patients and a nurse at a Carthage, North Carolina, nursing home Sunday before being wounded during a shootout with a police officer. The slain patients ranged in age from 78 to 98. Investigators are looking into whether Stewart targeted the facility because his estranged wife worked there. CNN and ABC News
Madonna is courting cameras and controversy in Africa once again as she awaits a decision on the adoption of a second Malawian child. The pop star was told in Malawi today, she’ll have to wait a week to learn if she’ll get permission to adopt a 4-year-old girl, whose mother died shortly after childbirth. Madonna is receiving criticism from the well-known charity Save the Children. The group’s spokesperson says “we believe very strongly that children are much better looked after, even if they’ve lost their parents, within their home communities.” CBS
Do you think Madonna should be allowed to adopt the girl?
Just as the Red River began retreating from Fargo’s hastily fortified levees, the city’s tired residents stared down a winter storm Monday expected to bring up to 14 inches of snow and wind-whipped waves that could worsen the flooding. Engineers worry the waves could crash against the sandbag levees, further weakening them. The forecast called for the storm to move in by early afternoon Monday and last until Tuesday evening. MSNBC