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	<title>News Vulture &#187; U.S. President</title>
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	<link>http://www.newsvulture.com</link>
	<description>Focusing on Corruption in India. Bringing out the profiles most crooked in India.</description>
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		<title>Chrysler preparing to file Bankruptcy</title>
		<link>http://www.newsvulture.com/2009/04/24/chrysler-preparing-to-file-bankruptcy/</link>
		<comments>http://www.newsvulture.com/2009/04/24/chrysler-preparing-to-file-bankruptcy/#comments</comments>
		<pubDate>Fri, 24 Apr 2009 13:33:02 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[World News]]></category>
		<category><![CDATA[bankruptcy]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Fiat]]></category>
		<category><![CDATA[General Motors]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[U.S. Automakers]]></category>
		<category><![CDATA[U.S. President]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=445</guid>
		<description><![CDATA[Chrysler LLC is preparing to file for Chapter 11 bankruptcy protection as soon as next week, whether or not it reaches a deal with its lenders or forges an alliance with Fiat SpA, said several people familiar with the matter. If an agreement with the car maker&#8217;s lenders can be reached, Chrysler would file for bankruptcy protection to rid itself of some liabilities. That would let Fiat pick and choose which operations it wants, these people said. The U.S. government would provide bankruptcy financing while the reorganization plays out. The United Auto Workers union is on board with the plan and likely would end up owning a sizable stake in the restructured car maker, said these people. A relatively orderly bankruptcy filing along these lines would represent a measure of success for the Obama administration. But if a deal with Chrysler&#8217;s banks and Fiat cannot be reached, the company would begin the process of liquidation, with assets potentially sold to many buyers or shut down, said these people. Chrysler has shrunk radically in recent years but still employs 66,000 people in the U.S. Meantime, Fiat has begun talks with General Motors Corp. about joining forces in Europe and Latin America, [...]]]></description>
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		<title>US Govt, Fiat to Decide Chrysler Future</title>
		<link>http://www.newsvulture.com/2009/04/17/us-govt-fiat-to-decide-chrysler-future/</link>
		<comments>http://www.newsvulture.com/2009/04/17/us-govt-fiat-to-decide-chrysler-future/#comments</comments>
		<pubDate>Fri, 17 Apr 2009 12:27:32 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[World News]]></category>
		<category><![CDATA[Barak Obama]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[Fiat]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[U.S. Automakers]]></category>
		<category><![CDATA[U.S. President]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=426</guid>
		<description><![CDATA[Chrysler LLC&#8217;s future leadership will be determined by the U.S. government and Fiat SpA if Chrysler succeeds at merging with the Italian auto maker. Chrysler Chief Executive Officer Bob Nardelli, in a note to employees obtained by Dow Jones Newswires, said a new board of directors will be appointed by the federal government and Fiat once a deal is completed. The majority of the directors will be independent. &#8220;The board will have the responsibility to appoint a chairman,&#8221; Nardelli said in the letter distributed to employees via e-mail on Thursday. &#8220;The board also will select a CEO with Fiat&#8217;s concurrence.&#8221; Nardelli&#8217;s comments clarify speculation on who will control Chrysler if a merger deal with Fiat is completed and what role Nardelli might play in that new company. Chrysler is racing to secure new union cost-cutting deals, reduce its debt and ink a Fiat partnership before the federally mandated April 30 deadline. The Obama administration said it would not provide Chrysler additional access to low-interest loans if the requirements are not met, which could result in the third-largest U.S. auto maker filing for bankruptcy protection.]]></description>
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		<title>First puppy for the Obamas</title>
		<link>http://www.newsvulture.com/2009/04/12/first-puppy-for-the-obamas/</link>
		<comments>http://www.newsvulture.com/2009/04/12/first-puppy-for-the-obamas/#comments</comments>
		<pubDate>Sun, 12 Apr 2009 12:08:47 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[World News]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[U.S. President]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=410</guid>
		<description><![CDATA[The identity of the first puppy &#8212; the one that the Washington press corps has been yelping about for months, the one President Obama has seemed to delight in dropping hints about &#8212; leaked out yesterday. This despite White House efforts to delay the news until the big debut planned for Tuesday afternoon. The little guy is a 6-month-old Portuguese water dog given to the Obama girls as a gift by that Portuguese water dog-lovin&#8217; senator himself, Edward M. Kennedy of Massachusetts. The girls named it Bo &#8212; and let it be noted that you learned that here first. Malia and Sasha chose the name, because their cousins have a cat named Bo and because first lady Michelle Obama&#8217;s father was nicknamed Diddley, a source said.]]></description>
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		<title>Chrysler has 19 days to decide on debt plan</title>
		<link>http://www.newsvulture.com/2009/04/11/chrysler-has-19-days-to-decide-on-debt-plan/</link>
		<comments>http://www.newsvulture.com/2009/04/11/chrysler-has-19-days-to-decide-on-debt-plan/#comments</comments>
		<pubDate>Sat, 11 Apr 2009 11:53:27 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[World News]]></category>
		<category><![CDATA[backruptcy]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[Chrysler]]></category>
		<category><![CDATA[General Motors]]></category>
		<category><![CDATA[Obama]]></category>
		<category><![CDATA[U.S. Automakers]]></category>
		<category><![CDATA[U.S. President]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=405</guid>
		<description><![CDATA[With 19 days to go, talks among Chrysler LLC, the Obama administration and Chrysler&#8217;s creditors have yet to produce a firm proposal for how the company&#8217;s debt should be reduced, people familiar with the process said on Friday. President Barack Obama&#8217;s auto task force says it believes reducing the debts of Chrysler and General Motors Corp. is the key to making them viable, warning it could use bankruptcy to force whatever cuts it seeks. Chrysler has until April 30 to bring back a new viability plan; GM has until May 31. The automakers and the task force still haven&#8217;t given new proposals to the bondholders, but their pitches will be less generous than the automakers&#8217; previous offers that aimed to reduce overall debts by two-thirds. Chrysler&#8217;s debt talks pose a greater challenge than GM&#8217;s, and not just because its deadline is first. About 50 firms hold $6.8 billion in loans to Chrysler backed by the company&#8217;s assets, known as secured debt, which would be paid back in bankruptcy before the government&#8217;s $4-billion loan made last year. In its February plan, Chrysler warned that secured debtors might get between 11% and 43% of the value of their debt in a bankruptcy, [...]]]></description>
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		<title>Obama and Manmohan Singh to meet with High-profile team</title>
		<link>http://www.newsvulture.com/2009/04/01/obama-and-manmohan-singh-to-meet-with-high-profile-team/</link>
		<comments>http://www.newsvulture.com/2009/04/01/obama-and-manmohan-singh-to-meet-with-high-profile-team/#comments</comments>
		<pubDate>Wed, 01 Apr 2009 09:02:34 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[World News]]></category>
		<category><![CDATA[Barack Obama]]></category>
		<category><![CDATA[G20]]></category>
		<category><![CDATA[Hillary Clinton]]></category>
		<category><![CDATA[Manmohan Singh]]></category>
		<category><![CDATA[President]]></category>
		<category><![CDATA[Prime Minister]]></category>
		<category><![CDATA[U.S. President]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=339</guid>
		<description><![CDATA[The much awaited meeting between Indian Prime Minister Manmohan Singh and US President Barack Obama will include a high-profile team from Washington, including Secretary of State Hillary Clinton. Officials accompanying the Prime Minister to the G20 meeting here said both countries attached much importance to the first meeting Manmohan Singh will have with Obama since he took office in January. &#8216;A lot of preparatory work has gone into it,&#8217; an official said. &#8216;From their side there will be six top people including Secretary of State Hillary Clinton and Treasury Secretary Timothy Geithner,&#8217; the official added. He said the Indian side will include Planning Commission Deputy Chairman Montek Singh Ahluwalia, National Security Advisor M.K. Narayanan and Foreign Secretary Shiv Shankar Menon. The Prime Minister is here to primarily attend the G20 summit on ways to tackle the current global financial crisis, and has scheduled bilateral talks with his host and British counterpart Gordon Brown as well as Obama. Ahead of the visit, the Prime Minister had said he would like to discuss a host of issues with the US President during what officials said would be a 45-minute affair. &#8216;This will be our first meeting and will be an opportunity for [...]]]></description>
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		<title>Obama invites for Energy Forum</title>
		<link>http://www.newsvulture.com/2009/03/29/obama-invites-for-energy-forum/</link>
		<comments>http://www.newsvulture.com/2009/03/29/obama-invites-for-energy-forum/#comments</comments>
		<pubDate>Sun, 29 Mar 2009 10:18:17 +0000</pubDate>
		<dc:creator>Sunbird</dc:creator>
				<category><![CDATA[World News]]></category>
		<category><![CDATA[Australia]]></category>
		<category><![CDATA[Barak Obama]]></category>
		<category><![CDATA[Brazil]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[China]]></category>
		<category><![CDATA[Energy]]></category>
		<category><![CDATA[European Union]]></category>
		<category><![CDATA[France]]></category>
		<category><![CDATA[Germany]]></category>
		<category><![CDATA[India]]></category>
		<category><![CDATA[Indonesia]]></category>
		<category><![CDATA[Italy]]></category>
		<category><![CDATA[Japan]]></category>
		<category><![CDATA[Korea]]></category>
		<category><![CDATA[Mexico]]></category>
		<category><![CDATA[President Obama]]></category>
		<category><![CDATA[Russia]]></category>
		<category><![CDATA[South Africa]]></category>
		<category><![CDATA[U.S. President]]></category>
		<category><![CDATA[United Kingdom]]></category>
		<category><![CDATA[White House]]></category>

		<guid isPermaLink="false">http://www.newsvulture.com/?p=322</guid>
		<description><![CDATA[On Saturday the White House announced, President Barack Obama has invited the leaders of 16 major economies to Washington for a forum on energy and climate next month. Obama, who recently turned his attention to the need for more clean-energy funding, has also asked U.N. Secretary-General Ban Ki-moon to attend. The forum, scheduled for April 27-28, seeks to &#8220;generate the political leadership necessary&#8221; for a successful outcome at the U.N. climate change negotiation to be held in Copenhagen, Denmark, in December, the White House said in a statement. Aside from the United States, the 16 other major economies are Australia, Brazil, Canada, China, the European Union, France, Germany, India, Indonesia, Italy, Japan, Korea, Mexico, Russia, South Africa and the United Kingdom.]]></description>
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