Published at LXer:

Anyone who doesn't know the economy is unwell has obviously been off the planet or in a cave for the last nine months. Despite the government's attempt to stop the bleeding, one company after another has collapsed — the latest to join the list is General Motors, a fixture in American automotive culture. GM's situation, which included filing for bankruptcy this week, comes with an additional blow to the company, if not fiscally then to its corporate pride: the company's bankruptcy filing has disqualified it from inclusion in the Dow Jones Industrial Average, an honor it has held for eighty-three years, a record second only to General Electric's 102 years.

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