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General Motors filed for Chapter 11 bankrupcy protection on Monday. Shortly after the announcement, President Obama tried to reassure taxpayers, who are effectively shelling out an additional $30 billion in return for a 60 percent stake in the company, according to the new restructuring plan. The "new GM” will shed 21,000 more employees and shut down 12 factories and 2,600 car dealerships.

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This was a good year for journalists to catch a politician in flagrante delicto, or anything approaching such a compromised position, judging by a couple of this year's picks for the prestigious Pulitzer Prize.

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