We have completed maintenance on DiscoverMagazine.com and action may be required on your account. Learn More

Change is in the air

Gene Expression
By Razib Khan
Jun 1, 2009 6:21 PMNov 5, 2019 9:38 AM

Newsletter

Sign up for our email newsletter for the latest science news
 

G.M. to Seek Bankruptcy and a New Start:

It also places the government in uncharted territory as a business owner, as it takes a 60 percent ownership stake in the company during its restructuring.

The commanding heights are back. We're socializing the means of production. Meanwhile, California is going back to the 19th century:

Nearly all of the billions of dollars in cuts the administration has proposed would affect programs for poor Californians, although prisons and schools would take hits, as well.

There wasn't even a mention of bankruptcy, but many American states did go into default in the 19th century as well. Several even repudiated their debts and never paid up.

1 free article left
Want More? Get unlimited access for as low as $1.99/month

Already a subscriber?

Register or Log In

1 free articleSubscribe
Discover Magazine Logo
Want more?

Keep reading for as low as $1.99!

Subscribe

Already a subscriber?

Register or Log In

More From Discover
Recommendations From Our Store
Shop Now
Stay Curious
Join
Our List

Sign up for our weekly science updates.

 
Subscribe
To The Magazine

Save up to 40% off the cover price when you subscribe to Discover magazine.

Copyright © 2024 Kalmbach Media Co.