Mary Barra has broken through the glass ceiling of the auto industry to become the first female CEO of General Motors. She'll take the helm of GM in January. But Barra is actually a return to tradition in other ways: GM will be led by an insider, and an engineer, for the first time in many years.
General Motors says high costs and a small market were behind its decision to stop making cars in Australia by 2017. This is fueling fears Toyota will follow suit, effectively killing Australia's auto industry. The GM move could see up to 40,000 auto workers lose their jobs.
Senate Agriculture Committee Chairwoman Sen. Debbie Stabenow, D-Mich., and House Agriculture Committee Chairman Rep. Frank Lucas, R-Okla., during a Dec. 4 break in negotiations on the farm bill. On Tuesday, Stabenow said the bill likely won't pass Congress until January.
Originally published on Tue December 10, 2013 6:14 pm
House and Senate negotiators working to finish a farm bill say it is unlikely their work will be completed before the end of the year. The House is only in session for the rest of the week, and according to one of the negotiators, this week's snowy weather has delayed some numbers-crunching needed to figure out how much elements of a possible deal will cost.
"We're going to pass it in January," said Senate Agriculture Committee Chairwoman Debbie Stabenow, D-Mich., as she left a closed-door meeting to negotiate details of the five-year farm bill.
From NPR News, this is ALL THINGS CONSIDERED. I'm Melissa Block.
AUDIE CORNISH, HOST:
And I'm Audie Cornish.
It's been a big week for General Motors and it's only Tuesday. Yesterday, the Treasury Department sold off its remaining shares in the auto giant. That ends one of the most tumultuous periods in company history. Now, GM turns a page with a new CEO, Mary Barra.
As NPR's Sonari Glinton reports, she will become the first woman CEO of a major automaker.
For more on just how the Volcker rule will work and how it will be enforced, we're joined by Simon Johnson. He's professor at the MIT Sloan School of Management, and he's a member of the FDIC's systemic resolution advisory committee. Welcome to the program.
SIMON JOHNSON: Thanks for having me.
CORNISH: So let's talk more about proprietary trading. Give us some specific examples of this.