President Carter authorizes Chrysler bailout

President Carter authorizes Chrysler bailout

January 7, 2010 05:00:00 am

On January 7, 1980, President Jimmy Carter signed the Chrysler Corporation Loan Guarantee Act of 1979 (Public Law 96-185) into law.

The act granted to Chrysler $1.5 billion to save the company from bankruptcy. Twenty-eight years later in 2008, President George W. Bush authorized $17.4 billion to again bailout Chrysler in addition to the other two major American automobile manufacturers, Ford and General Motors.

THIS DAY @ LAW

On March 4, 1909, the Copyright Act of 1909 became law, making infringement of a copyright a federal crime for the first time. Review a brief history of copyright in the United States.

First woman appointed to the Canada Supreme Court

On March 4, 1982, Bertha Wilson became the first woman appointed to the Supreme Court of Canada.

City of Toronto incorporated

On March 4, 1834, the town of York in the British colony of Canada was incorporated as the City of Toronto. Learn the history of Toronto from the city's official website.

ICC issues warrant for Sudanese dictator Omar al-Bashir

The International Criminal Court issued its first arrest warrant for a sitting head of state when it sought Sudanese dictator Omar al-Bashir on March 4, 2009 for allegedly directing attacks against civilians and being an indirect participant in murder, rape, and torture during the conflict in Darfur. Al-Bashir was removed from power in 2019. The former president remains in a Sudanese prison. Learn more about the case against al-Bashir and read the arrest warrant.