Quick Hits

Here are some other stories that are making the rounds today.

General Motors has filed for a public stock offering. The company said that it would offer both common stock and preferred stock in the offering, which could begin as early as October. The deal is being lead-managed by Morgan Stanley. The US government has invested about $50 billion in GM and holds a 61 percent share. The IPO will allow the Treasury Department to bring its holding below the 50 percent share but the filing made clear the government will continue a sizable portion of the automaker. The company has already repaid about $6.7 billion in loans, but most of the rest was converted into equity and can be repaid only by selling those shares. The full story in the New York Times.

Afghan and coalition security forces captured or killed several Haqqani Network and several Talban leaders to include a dual-hatted Taliban sub-commander and Al Qaeda group leader in Afghanistan during 36 separate operations this week according to the ISAF. The Afghan-led operations resulted in more than 110 suspected insurgents detained and more than 20 insurgents killed.Afghan locals in Kunduz province. Meanwhile, the Washington Post reports that as of Thursday, Aug. 19, 2010, at least 1,130 members of the US military had died in Afghanistan as a result of the US invasion of Afghanistan in late 2001. Additionally since the start of U.S. military operations in Afghanistan, 7,529 U.S. service members have been wounded in hostile action, according to the Defense Department.

In a military-related story, Paul Rieckhoff, the founder of Iraq and Afghanistan Veterans of America, has a post on Big Think that looks at the disturbing rise in military suicides.

A Federal grand jury has indicted former All Star pitching ace Roger Clemens on charges of making false statements to Congress about use of performance-enhancing drugs. Clemens last pitched in the Majors in 2007 after a long career mostly with the Boston Red Sox and New York Yankees. The New York Times has more on the story.

President Barack Obama made four recess job appointments to his Administration, including a new US Ambassador to El Salvador, postponing the need for Senate approval. Recess appointments, which have been made by presidents of both parties, allow a president to temporarily bypass the Senate confirmation process required for senior Federal posts by filling vacant positions while lawmakers are on vacation. Mari Carmen Aponte is the new envoy to San Salvador. More on her background from Foreign Policy.

Felix Salmon writes on the Treasury Bubble meme.


Tags: Obama Administration, General Motors, Afghanistan (all tags)


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