Stress management

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- - GMAC hidden debt jeopardizes GM’s future By Joe Baker, Senior Editor Print this page !

- - Renewed fears of bankruptcy were raised at General Motors last week, and sharp tremors raced through the credit derivatives markets on the news that huge hidden losses had turned up in GM’s financial arm—GMAC. Important background to this story was reported March 24 by the Chicago Tribune: “General Motors Corp.

announced Thursday it sold an even larger piece than planned of the commercial real estate division of its GMAC financial-services unit. “The move may help the ailing automaker accelerate the sale of GMAC.

GM wants to sell off a majority stake in GMAC to help raise cash to pay for the massive restructuring costs related to closing plants and the buyout of employees announced this week. “GM said it sold 78 percent of its interest in GMAC Commercial Holding Corp., a transaction that will generate nearly $9 billion in cash for GMAC,” the Tribune reported. If the real estate division of GMAC was its most profitable or sale...

... PressZoom.com - Global News Service - News and Press Release Distribution Today is March 29, 2006 Site Navigation • Headlines • News Archive • Submit Release • Release Help • Release Template • About PressZoom • Register Today • Your Account • Customer Helpdesk • Terms of Service Site Services • Free News Feeds • For Journalists • Privacy Policy Recommend Sites Funding to help people get back to work Almost £750,000 of European funding will go towards helping people on Incapacity Benefit back to work under a Condition Management Programme (CMP) which aims to help more than 3,000 people in Edinburgh Dundee and Falkirk.

(PressZoom) - Deputy Minister for Enterprise and Lifelong Learning Allan Wilson said:"We know economic inactivity is a real issue for some of our communities.

Five times as many people in Scotland claim incapacity as opposed to job seekers' benefits compared to the rest of the UK and we want to support them to get back into work."We have already been working closely with the Department of Work and Pensions on the Pathways to Work programme, which has so far been a great success."I am now delighted to announced that £740,130 of European Structural Funds will be going towards a Jobcentre Plus project that will benefit Falkirk, Dundee and Edinburgh."The project will help people with long term health conditions tackle the barriers preventing them getting back to work.

I look forward to seeing the results of the project over the coming months and years."The CMPs are...