Gm Canada bails out

Gm Canada is recalling 885 workers to work at its Ontario plant. They will be working on vehicle such as the Chevrolet Equinox and the GMC Terrain crossover SUVs. GM’s laid-off workers are coming close to running out of employment insurance and other benefits. In the last quarter, the combine sales of both the Equinox and Terrain went up 100 percent in Canada and 128 percent in the States. The president of the Canadians auto workers union welcomes this return.

The rescue plan

German Chancellor Angela Merkel made a deal to rescue Greece from being in financial troubles. If Greece goes bankrupt, 14 other countries would follow. That being said, Greece is a European country whose currency is the Euro. Most Europeans countries use the Euro.

The solution

Eurozone and IMF are the main financial institutions in Europe. They could potentially help Greece climb out of its current financial state. But the only way that Eurozone and IMF can give such a big loan is if they get the approval of the other 15 European countries. Without this approval, Eurozone and IMF can do nothing to help Greece.

US passes health care bill

Yesterday the United States, received 7 votes for a new legislature for the health care system. It has been 45 years since the last time this legislature was changed. These legislatures consist of demanding that now 93 percent of Americans will be able to get health care. Congressional officials said they expect Obama to sign the bill as early as Tuesday.

"I want to thank every member of Congress who stood up tonight with courage and conviction to make health care reform a reality," Obama said. "I know this wasn't an easy vote for a lot of people. But it was the right vote."