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Scoping | 07.09.09

Dollar Will Remain World’s Main Reserve Currency – Sayeth Robert Gibbs, Obama mouthpiece. But there’s more, “‘There are a lot of people that have talked about it, but we don’t think that’s really serious,’ U.S. Commerce Secretary Gary Locke said”. Hear that? Not serious! Wa-hoo! GO TEAM AMERICA! [Bloomberg]
GM Will Exit Bankruptcy With $48 Billion in Debt – This will be the “new” GM. The “old” GM will get “unwanted assets, including contaminated factory sites, a parking lot in Flint, Michigan, and a nine-hole golf course in New Jersey.” Sounds like a winner! [Bloomberg]
U.S. jobless claims drop steeply – Calm down. It’s new jobless claims. It’s not like the unemployed are finding work. [Reuters]