With Detroit’s auto-makers flat on their financial backs, GM, Ford and Chrysler are begging for at least $25bn in public subsidies. They hold 250,000 auto workers – and, implicitly, the US economy – hostage. The ransom note reads: send us the money or unemployment will soar, consumer markets will tank and millions will lose. Full article available on ft.com. http://www.ft.com/cms/s/0/b7bbd8f4-bfc0-11dd-9222-0000779fd18c.html. Also available by [PDF Download] on Prof. Hazlett’s faculty profile.