GOOD DAY FOR: Detroit, after Congress approved at $25 billion loan package for the Big Three automakers. The subsidized loans are designed to help GM, Ford, and Chrysler retool their production lines to make smaller, fuel-efficient cars with new technologies like hybrid engines and battery-powered motors. (The Wall Street Journal)
BAD DAY FOR: Chocoholics, after Cadbury recalled all 11 chocolate products produced in China due to concerns about melamine-tainted milk. The chocolate products in question are commonly shipped to Taiwan, Hong Kong, and Australia. China has reported 104 serious illnesses linked to the tainted milk, and almost 40,000 others have suffered ill effects. (Reuters)
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
The UK’s ‘wallaby boom’Under the Radar The Australian marsupial has ‘colonised’ the Isle of Man and is now making regular appearances on the UK mainland
-
Fast food is no longer affordable to low-income AmericansThe explainer Cheap meals are getting farther out of reach
-
‘The money to fix this problem already exists’Instant Opinion Opinion, comment and editorials of the day
