General Motors Reports Record $7.6 B Profit In 2011
February 15, 2012
The automaker announced Thursday that it earned its largest profit ever in 2011 — $7.6 billion — citing strong sales in the U.S. and China. The company nearly collapsed two years ago and needed a bailout by the U.S. government, which still owns about 26 percent of the company.
Sarah Ramirez left a high-prestige career to bring California's bounty of unsellable fruit to food banks in the state's Central Valley. Her grassroots organization is trying to address a regional conundrum: While many area farms end up with imperfect fruit that can't be sold to supermarkets, local farmworkers struggle to afford fresh produce.
A review group appointed by President Obama has recommended major changes to government surveillance programs. The group effectively called for the end of one of the most controversial programs run by the National Security Agency: the collection and storage of phone records of millions of Americans.
Online communities are taking physical shape in the San Francisco Bay Area, where young professionals run modern-day communes. It makes economic sense. Census numbers show San Franciscans pay the highest rent in the country.
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