5983: Business Briefs And Boxers.

Selling out in a MultiCultClassics Monologue…

• The New York Post reported 2Q U.S. ad spending dropped 3.7 percent. Which is just slightly higher than the percentage of Blacks in managerial positions.

• Anybody wanna buy a Hummer cheap? General Motors is putting the brand up for sale. “We believe that we can monetize certain assets without impacting the strategic direction of the company,” said the company’s treasurer. Sounds like corporate speak for “We’re screwed.”

• Hanesbrands is closing 9 plants worldwide and cutting 8,100 jobs. Hope the axed employees include Charlie Sheen and Cuba Gooding, Jr.

• California Governor Arnold Schwarzenegger signed a law prohibiting people from sending or receiving text messages while driving. Schwarzenegger declared, “Banning electronic text messaging while driving will keep drivers’ hands on the wheel and their eyes on the road, making our roadways a safer place for all Californians.” Right. It just means Californians will have their hands free for cell phones, coffee cups, makeup, electric razors and handguns.