|Chevrolet is "Like a Rock"? Man U makes itself into a global punch line (again).|
In a world infested by hellishly daft shirt sponsors, Manchester United took the cake by having fellow American--let me repeat that for emphasis--American Insurance Group (AIG) as shirt sponsor when it imploded spectacularly because of its nefarious activities involving the sale of credit default swaps (CDS) as the US subprime crisis went into full swing. As defaults on subprime real estate-linked assets AIG's London subsidiary sold protection on collapsed, it took down the US mothership. So, the football team was made into a laughingstock as they could not remove AIG from its kit since the deal to sponsor AIG was still in place despite the firm collapsing.
|He was smart enough to leave Man U to save the embarrassment of wearing this shirt.|
At least 27 people have died and 25 people have been seriously injured in crashes involving General Motors cars with defective ignition switches. Attorney Kenneth Feinberg, who was hired by GM to compensate victims, updated the totals Monday. Feinberg says he has received 178 death claims since August. Of those, 27 have been deemed eligible for compensation payments.
Twenty-five of the 1,193 injury claimants have also received compensation offers.
GM knew about faulty ignition switches in Chevrolet Cobalts and other small cars for more than a decade but didn't recall them until February of this year. The switches can slip out of the "on" position, which causes the cars to stall, knocks out power steering and turns off the air bags. Feinberg will accept claims until Dec. 31.