The auto industry drives Detroit and Michigan, so yesterday's news that the U.S. House might move on aid to the Big 3 made banner headlines.
U.S. House Speaker "Pelosi pushes fast auto aid," The News said. The Free Press used details in its headlines: "$25-billion lifeline may be at hand/Plan is strict on exec pay, environmental promises."
The Free Press noted the drop in the price of GM stock and referred to a business-section story "GM must cut 3,500 more salaried workers." Its Web site also linked to a cartoon, commentary and the story "GM retirees flood Medicare hotline."
The News referred to an inside story "Collapse of U.S. automaker would disrupt Toyota, Nissan, Honda because they share parts suppliers" and an opinion piece "Failure too costly."
Signs of ripple effects were apparent in both papers. The News reported on the impact of state budget woes. The Free Press said, "Economy is focus in Detroit mayoral race."
How are you covering the impact of the global economic crisis in your community?
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