Patt Morrison Thurs, 12/18

PATT MORRISON SCHEDULE

Thursday, December 18, 2008

1-3 p.m.

 

**LA Times Columnist David Lazarus Guest Hosts

1:00 – 1:20

OPEN

 

 

 

1:20 – 1:40

The “New Chinese Banking Overlords:” Remember Who Funds Our Bailouts

When the Federal Reserves loans out close $3 trillion to American investment firms, and the Troubled Assets Relief Program compiles $700 billion to bailout banks, the money in play is often referred to as “taxpayer dollars.”  That not an entirely accurate characterization—the bulk of the money funding the American government comes from Saudi Arabia, Japan and China, which accounts for our $10 trillion national debt.  James Fallows from The Atlantic sat down with the president of the China Investment Corporation who had some friendly advice for Americans:  “Be nice to the countries that lend you money.”

 

Guests:

James Fallows, national correspondent for The Atlantic, based in Beijing

ON TAPE

 

 

 

1:40 – 2:00

OPEN

 

 

 

[NPR NEWS]

 

2:00 – 3:00

More Bad News for the Auto Industry: Chrysler to Close All Plants for One Month

Chrysler said Wednesday that it is closing all 30 of its manufacturing plants for a month starting Friday as it seeks to counter the most severe downturn in U.S. auto sales in more than two decades. General Motors Corp. and Ford Motor Co. have announced extensions of their holiday shutdowns as well. How is all the bad news in the automobile industry shaking out at local car dealerships? We take a survey.

 

Guests:

Ken Kang: General Sales Manager, Felix Chevrolet Cadillac (GM) located on Figueroa street in downtown LA

Call him @

 

Terry Miller: General Sales Manager of Galpin Ford

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Chrysler dealer TBD

 

 

 

2:30 – 3:00

OPEN