Justice Ruth Ginsburg Is Very Sick, Hospitalized At Washington Hospital Center

Justice Ginsburg at Washington Hospital Center


Justice Ruth Bader Ginsburg is at Washington Hospital Center this evening after falling ill at the Supreme Court this afternoon. Court spokeswoman Kathy Arberg said Ginsburg fell ill after receiving an intravenous iron therapy. Arberg said Ginsburg felt better after being attended by a physician at the court, but was taken to the hospital as a precaution.

Ginsburg's health has been a concern since the 76-year-old justice was diagnosed with pancreatic cancer earlier this year. In February, doctors removed her spleen and a tiny tumor on her pancreas. Ginsburg said the operation was a complete success, and that she was cancer-free. She underwent what she called a precautionary round of chemotherapy in the spring, but never missed a day of the court's public sessions.

She has kept up a rigorous schedule of speaking engagements and work on the court and has said she does not plan to leave the court for years.

A statement from the court follows:

U.S. Supreme Court Justice Ruth Bader Ginsburg was taken to the Washington Hospital Center this evening after feeling ill in her Chambers earlier in the day. The Justice felt ill at 4:50 p.m., about an hour after an iron sucrose infusion to treat an iron deficiency anemia that was administered at the Office of the Attending Physician.

The Justice underwent a comprehensive assessment of health in July 2009. This involved medical evaluation, imaging scans, and comprehensive blood tests. The result of this evaluation was that she was in completely normal health with the exception of a low red blood cell count caused by deficiency of iron. Intravenous iron therapy was administered in a standard fashion.

One hour following the completion of this infusion, she felt faint, developed light headedness and fatigue. Medical assistance was summoned from the Office of the Attending Physician and medical evaluation disclosed a slightly low blood pressure which can occur following this treatment. She was monitored at the Court, blood tests were performed and she was found to be in stable health. Fluids were administered and her symptoms improved, but she was taken as a precaution for evaluation at the Washington Hospital Center at approximately 7:45 p.m.



View Larger Map

Sources: Washington Post, PBS, Wikipedia, Google Maps

U.S. Supreme Court Approves Chrysler's Sale To Fiat....Almost 800 Dealerships Ordered To Close

MSNBC----


(MSNBC reports on this story.)

Visit msnbc.com for Breaking News, World News, and News about the Economy

NEW YORK - The Supreme Court has cleared the way for Chrysler’s sale to Fiat, turning down a last-ditch bid by opponents of the deal.

The court said late Tuesday it had rejected a plea to block the sale of most of Chrysler’s assets to the Italian automaker. Chrysler, Fiat and the Obama administration had warned that the high court’s intervention could have scuttled the sale.

A federal appeals court in New York had earlier approved the sale, but gave opponents until Monday afternoon to try to get the Supreme Court to intervene.

Justice Ruth Bader Ginsburg ordered a temporary delay just before a 4 p.m. deadline on Monday.

Now the court has freed the automakers to complete their deal.

Earlier in the day, a bankruptcy judge on Tuesday approved Chrysler’s plan to terminate 789 of its dealer franchises.

U.S. Judge Arthur Gonzalez’s order says the franchises, which represent about 25 percent of the company’s dealer base, can no longer act as authorized Chrysler, Dodge and Jeep dealers, effective immediately. A written ruling explaining the decision was expected to be filed later.

The sale of Chrysler’s assets to Fiat Group SpA had been expected to close more than a week ago.

In a brief filed with the Supreme Court Tuesday afternoon, Chrysler and Fiat warned that the deal will terminate if it does not close by June 15. While a new agreement could be negotiated, there’s no guarantee that one will be reached or that Chrysler will be able to be jump start its operations after the deadline, they said.

Earlier in the day, more than 25 attorneys representing hundreds of dealers from across the country argued in court that little would be gained by terminating the franchises, while Chrysler maintained that the move is a necessary part of its plan to cut costs and quickly emerge from Chapter 11.

Many of the dealers were trying to sell the last cars on their lots and preparing to shut their doors for good at the end of the day, while others planned to sell used cars or other brands after severing ties with Chrysler.

At Tuesday’s hearing, Chrysler attorneys also said that the automaker would extend until Monday its program to help the affected dealers send any unsold vehicles to other dealers.

The Auburn Hills, Mich., automaker has been flying through five weeks of bankruptcy proceedings and appeared all but certain to complete the sale of its assets to Fiat before the June 15 deadline. But Ginsburg issued a stay Monday to review an appeal by a trio of Indiana pension and construction funds which own a small part of Chrysler’s secured debt.

The delay proved to be temporary.

Fiat has the right to walk away from Chrysler after June 15 and leave the struggling U.S. automaker with little option but to liquidate. But a Fiat spokesman said Tuesday that the Italian automaker will not turn its back on a deal despite the Supreme Court stay.

Indiana officials, representing the state funds challenging the Chrysler sale, submitted a short statement to the Supreme Court Tuesday that calls attention to Fiat’s statement.

“The Indiana Pensioners respectfully submit that the risk of termination by Fiat if the transaction does not close by June 15 no longer provides a basis for driving the timing of these proceedings,” the officials said.

But Chrysler and Fiat said that the sale agreement will terminate automatically if the sale doesn’t close by the deadline, and there’s no guarantee that they could negotiate a new deal.

“Given Chrysler’s precipitous state, every day past June 15 increases the risk that Chrysler’s business will not be able to restart successfully,” the company said.

Meanwhile, the Obama administration said in a separate filing that each day of delay consumes more of the financing provided by the government.

“If the closing is delayed by more than approximately 10 days, a sufficient amount of the current commitment of debtor-in-possession financing from the United States will have been consumed as to require the government either to increase its overall funding to the detriment of taxpayers, or abandon its role in the transaction,” the administration said.

Production at Chrysler’s manufacturing plants remains halted pending the closing of the sale. Chrysler, which says it is losing $100 million every day its plants are closed, said it had no comment until it receives further information from the court.

Chrysler’s ability to speed through the bankruptcy process has partially been a result of the involvement of the Obama administration’s auto task force, which provided $4.5 billion in financing and helped negotiate a deal between the company’s stakeholders.

Under a deal brokered in the days leading up to Chrysler’s April 30 Chapter 11 filing, Fiat will receive up to a 35 percent stake in the new company created by the sale, in exchange for sharing the technology Chrysler needs to create smaller, more fuel-efficient vehicles.

The United Auto Workers union will get a 55 percent stake that will be used to fund its retiree health care obligations, while the U.S. and Canadian governments will receive a combined 10 percent stake.

Meanwhile, the automaker’s secured debtholders would get $2 billion in cash, or about 29 cents on the dollar, for their combined $6.9 billion in debt. Some of the debtholders balked at the deal, saying as secured lenders they deserved more.

The Indiana funds filed an objection to the sale and later appealed to the 2nd U.S. Circuit Court of Appeals and the Supreme Court. They claim the sale unfairly favors Chrysler’s unsecured stakeholders such as the union ahead of secured debtholders like themselves.

The funds also are challenging the constitutionality of the Treasury Department’s use of money from the Troubled Asset Relief Program to supply Chrysler’s bankruptcy protection financing. They say the government did so without congressional authority.

The funds hold about $42.5 million, or less than 1 percent, of Chrysler’s $6.9 billion in secured debt. They bought it in July 2008 for 43 cents on the dollar.

Consumer groups and individuals with product-related lawsuits also are contesting a condition of the Chrysler sale that would release the company from product liability claims related to vehicles it sold before the asset sale to Fiat.

Compensation for such claims would have to be sought from the parts of the company not being sold to Fiat. But those assets have limited value and it’s doubtful that there will be anything available to pay out.

The appeals come as Congress scrutinizes the Obama administration’s restructuring of Chrysler and GM. The Senate Banking Committee said it planned to call Ron Bloom, a senior adviser to the auto task force, and Edward Montgomery, who serves as the Obama administration’s director of recovery for auto communities and workers, to a hearing Wednesday.

Sources: MSNBC, CNN, Flickr, Wikipedia