Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

GM calls Delphi bid to scrap supply contracts "blackmail"
-Dow Jones
GM asks the judge to impose limits on Delphi's price demands, is seeking a "transition period" if Delphi scraps contracts and would repay Delphi for losses in "transition period."

Bernanke says core-inflation rise is "unwelcome" development-Bloomberg
Bernanke says Fed must ensure higher inflation is "not sustained."