This is the headline I saw when I clicked on the New York Times web site.
G.M., Citing Progress, Reports
Loss of $1.15 Billion
Yes, this is good news. G.M. will apparently start repaying its government loans in December, 5 years ahead of schedule.
I shouldn’t admit this, but I don’t understand how losing more than a billion bucks in a quarter is a good thing. Though I suppose it is better than losing two billion.
And please don’t try to explain. I still won’t understand. I just won’t.