It seems the shocking USDA memo was a posting on the USDA employee website by an employee and was not offical and was taken down. With respect to GM losses; GM doesn"t report 2nd quarter results until next Wed. and below is the market estimate of quarterly results:
General Motors Company (NYSE: GM) designs, builds and sells cars, trucks and automobile parts worldwide. The company has a market capitalization of $29.92 billion. It is expected to report FY 2012 second-quarter EPS of 74 cents on revenue of $38.58 billion, compared with a profit of $1.54 a share on revenue of $39.37 billion in the year-ago period. General Motors is trading around $19.11 a share.
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Today's Featured Article - A Brief History of Tractors in Australia - by Bob Kavanagh. After Captain Cook's exploration of the east coast in 1770 the British Government decided to establish a penal colony in Australia. The first fleet arrived in 1788 and consisted mainly of convicts who were poorly equipped and new little of farming techniques. The colony remained far from self-supporting and it was not until the early 1800's that things started to improve. Free settlers started to arrive, they followed the explorers across the mountains and where land was suitable set up farms. T
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