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In 2009, Chrysler was sputtering toward collapse, with tens of thousands of jobs in jeopardy. But one man bet that he could save the company and make it profitable again. He s Sergio Marchionne. He d already turned around Fiat and felt the two companies
stanley cup were a good fit -- and clearly he likes a good challenge. So Marchionne took a $6 billion, high-interest U.S. Treasury loan and promised to pay it all back by 2017. Chrysler beat the deadline by six years. Steve Kroft interviews Marchionne as Chrysler rolls out a new car.The following is a script from Resurrecting Chrysler which aired on March 25, 2012 and was rebroadcast on Sept. 2, 2012. Steve Kroft is the correspondent. Frank Devine and Maria Gavrilovic, producers.One of the most encouraging
stanley cup deutschland signs in the U.S. economy over the past year has been the resuscitation of the American automobile industry from a near death experience and in many ways the
stanley cup most dramatic recovery has been Chrysler s.Three years ago the company was headed for the junkyard crusher, leaking cash and about to be scrapped, unloved and unwanted. But last year, Chrysler turned a $183 million profit and would have made a lot more if it hadn t decided to repay its $6 billion federal bailout, six years ahead of schedule. As we first reported in March, much of the credit goes to U.S. taxpayers, and to Chrysler workers who accepted wage and benefit cuts. But none of it would have happened without the efforts of a 60-year-old, Italian born and Canadian raised au Txcv What You Really Use Your Smartphone For
California uses about 4,000 inmates as firefighters to help battle the state brutal wildfires, paying each just $2 per day. Many are low-level offenders who work 24-hour shifts, getting incredibly little sleep. Why would California do this Using prisoners as firefighters saves the state about $100 million per year. From KQED: The Bully Fire, which has burned more than 12,600 acres in Shasta County, is nearly contained. In the two weeks since it ignited, about 2,000 firefighters have battled the blaze. Nearly half of them 鈥?900 鈥?are inmates with the California Department of Corrections. These low-level offenders making just $2 a day are a crucial component in how the state battles wildfires. Using prisoners as cheap/free labor has a long history in America. And it continues to be common today. The obvious reason being that it saves municipalities a staggering amount of money. Again, from KQED: California Department of Corrections and Rehabilitation has prisoners and Cal Fire needs firefighters. Across the state there are more than 4,000 inmate firefighters. Their labor saves the state more than $100 million a
stanley cup quencher year, according to CDCR. You can read more about California use of pris
stanley cup oners as cheap labor and the 900 of them currently fighting the Bully Fire in Shasta County ove
stanley cup r at KQED.
http://blogs.kqed.org/science/2014/07/25/california-leans-heavily-on-thousands-of-inmate-firefighters/ Image: Santa Barbara County Fire Captain Scott S
