Advertisement

April 1, 2009 / 9:31 AM

Granholm calls for 'tough love' for banks

Michigan Gov. Jennifer Granholm (R) leads a group of General Motors employees in a parade during the GM press event at the North American International Auto Show at the Cobo Center on January 11, 2009 in Detroit, Michigan. (UPI Photo/Brian Kersey)

Michigan Gov. Jennifer Granholm (R) leads a group of General Motors employees in a parade during the GM press event at the North American International Auto Show at the Cobo Center on January 11, 2009 in Detroit, Michigan. (UPI Photo/Brian Kersey) | License Photo

LANSING, Mich., April 1 (UPI) -- Michigan Gov. Jennifer Granholm said the federal government needed to take a "tough love" stance on banks equal to the federal response to the auto industry.

"There cannot be a double standard," Granholm said after she signed an $873 million state spending package that will concentrate on road and bridge repair, the Detroit Free Press reported Wednesday.

Advertisement

"We need to see something from the federal government that addresses our economic hurt here," she said, explaining the state shouldn't settle for retraining programs for displaced workers.

"There has to be tough love with respect to Wall Street the same way there is tough love with respect to the manufacturing industry," she said.

The federal government took a tough stand with General Motors Corp. and Chrysler LLC this week, saying their financial viability plans needed to be reworked.

Granholm was to meet Wednesday with U.S. President Barack Obama's Director of Recovery for Auto Communities and Workers Ed Montgomery.

Topics
Jennifer Granholm

Austin visits Ukraine, voices U.S. support against Russian aggression

Defense News // 2 years ago

Austin visits Ukraine, voices U.S. support against Russian aggression

Oct. 19 (UPI) -- U.S. Defense Secretary Lloyd Austin said Ukraine continues to have U.S. support against Russian aggression and is free to decide its own foreign policy during a visit to Kyiv Tuesday.

Citing Russian occupation, U.S. signs new defense pact with Georgia

Defense News // 2 years ago

Citing Russian occupation, U.S. signs new defense pact with Georgia

Oct. 18 (UPI) -- U.S. Defense Secretary Lloyd Austin signed a new security agreement with Georgia Monday, seeking to buttress relations with the Black Sea nation as it continues to face Russian troops in two of its regions.

Pentagon orders all civilian employees to be fully vaccinated by Nov. 22

Defense News // 2 years ago

Pentagon orders all civilian employees to be fully vaccinated by Nov. 22

Oct. 4 (UPI) -- The Pentagon on Monday ordered all Department of Defense civilian employees to be fully vaccinated against COVID-19 by no later than Nov. 22.

Army investigating suspected suicides of three Fort Drum soldiers

Defense News // 2 years ago

Army investigating suspected suicides of three Fort Drum soldiers

Sept. 29 (UPI) -- The U.S. Army is investigating the suspected suicides of three soldiers based at New York's Fort Drum.

Four Marines remain hospitalized month after suicide bombing at Afghan airport

Defense News // 2 years ago

Four Marines remain hospitalized month after suicide bombing at Afghan airport

Sept. 24 (UPI) -- Four U.S. Marines remain hospitalized after an attack near Hamid Karzai International Airport in Kabul, Afghanistan, last month as service members were evacuating foreign nationals and refugees.

South Korean firm to supply rapid COVID-19 test kits to U.S. military

Defense News // 2 years ago

South Korean firm to supply rapid COVID-19 test kits to U.S. military

SEOUL, Sept. 24 (UPI) -- South Korean biopharmaceutical firm Celltrion has agreed to supply its DiaTrust rapid COVID-19 test kit to the U.S. military.

Army tests MK-22 Precision Sniper Rifle at Fort Bragg ahead of fielding

Defense News // 2 years ago

Army tests MK-22 Precision Sniper Rifle at Fort Bragg ahead of fielding

Sept. 23 (UPI) -- The Army has successfully tested the MK-22 Precision Sniper Rifle to clear it for fielding.

U.S. Navy, Bahrain partner to ramp up unmanned systems use

Defense News // 2 years ago

U.S. Navy, Bahrain partner to ramp up unmanned systems use

Sept. 23 (UPI) -- Bahraini leaders committed Thursday to partnering with a new U.S. Navy task force to ramp up new unmanned system efforts.

U.S. F-16 fighter jets intercept Cessna during U.N. General Assembly

Defense News // 2 years ago

U.S. F-16 fighter jets intercept Cessna during U.N. General Assembly

Sept. 22 (UPI) -- U.S. fighter jets escorted a small plane flown by a U.S. Army soldier out of restricted air space over New York City during the United Nations General Assembly.

U.S. Space Force to take over SATCOM operations from Army, Navy

Defense News // 2 years ago

U.S. Space Force to take over SATCOM operations from Army, Navy

Sept. 22 (UPI) -- The U.S. Space Force will take over satellite communications billets, funding and mission responsibility from the U.S. Army and Navy, the Department of Defense announced Wednesday.

Advertisement

Advertisement

Advertisement