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Obama calls for shared sacrifice in auto bailout

President-elect Barack Obama says he wants to keep tough conditions on automakers that get federal loans. The companies must develop sustainable business models because it would be unacceptable "to keep them on their lifeline through taxpayer dollars in perpetuity," Obama told The Washington Post. Obama said industry restructuring will require "everybody, from labor to management to creditors to shareholders, giving something up." His comments contradict suggestions that the new administration will relax federal loan agreements reached last month with General Motors and Chrysler LLC, possibly with softer demands on the UAW.

Christmas Getaway Is Go

THINKING of making a break for it this Christmas? You’re in good company, as millions of people are expected to be on the move in the biggest day of the Christmas getaway, with festive travellers crowding on to trains, boats and planes. And if you’re planning to escape the lacklustre weather you’re not alone either, as a sizeable chunk of the four million heading abroad for the holiday period are flying from UK airports, with the Canary Islands one of the top destinations.

May Sale For Regal Bentley

IT’S time to shake the piggy bank as a 1970 Bentley T1 once owned by His Grace the Duke of Devonshire is being offered for sale without reserve at Silverstone Auctions’ May Sale on Saturday 24th May. The car is being offered for sale due to lack of use by its current owner Leslie Bricusse, the English composer famous for writing a string of hits including the theme to James Bond’s Goldfinger, Sammy Davis Jnr’s What kind of fool am I, and Nina Simone’s Feeling Good. During the Duke’s ownership, notable passengers included Her Majesty The Queen, former Prime Minister Harold Macmillan, poet and writer Sir John Betjeman, and both Princess Alexandra and Princess Margaret.