What's Shaking at GM?

General Motors Corp., a symbol of American industrial might a half-century ago when it became the first U.S. company to make $1 billion in a year, announced plans to cut 25,000 jobs after losing more than $1 billion in the first quarter of this year alone. Lots of American communities will be affected by this one. Is yours one of them? More here.

News of the layoffs, reportedly the largest single announced job cut in corporate America in more than two years, helped boost GM shares by 31 cents, or 1 percent, to close yesterday at $30.73 on the New York Stock Exchange. And the announcement brought panic to the hearts of thousands of GM workers, who sense their jobs may be in jeopardy.

So, do you think GM will give back all those state and local incentive dollars it swooped up in recent years? I know that was a 'stupid' question.