Read a little. Learn a lot. • Tightly-written news, views and stuff • Follow us on Twitter • Be a Facebook Fan • Tumble us!

09 Jul 2009 23:36

tags

Biz, U.S.: The cash-for-clunkers plan is making auto salespeople excited

  • Are we excited about it? Absolutely! We think it is a great opportunity for people to get rid of their clunkers.
  • Cliff Johnson • President of Texas Motors Ford, on the cash-for-clunkers program the Obama administration implemented this year. The plan, which gives consumers up to $4,500 in credit to swap aging vehicles for newer, more fuel-efficient vehicles, has fans all over the map: Consumers, environmentalists, automakers and guys that sell cars for a living. Only the latter category talks like Cliff Johnson, though. • source
Posted by Ernie Smith • 0 Comments • Permalink

09 Jul 2009 11:01

tags

Biz: Hear that sound? It’s AIG’s stock falling further into oblivion

  • zero Citigroup’s analysis of the company’s possible equity value due to the mess they’ve gotten themselves in source
Posted by Ernie Smith • 0 Comments • Permalink

09 Jul 2009 10:20

tags

U.S.: Coming soon: Obama Stimulus Plan II, Electric Boogaloo?

  • With unemployment still really high, it might just be necessary. The first stimulus plan convinced die-hard fiscal conservatives everywhere to make total tea bags of themselves. Would a possible round two have a similar effect? That’s what Obama administration officials get to have fun deciding over the next little while. If things continue to suck in the economy, we could in fact see another stimulus package sold to the American people. The question is, when, if at all, would it be safe for Obama to pull that fairly unpopular trigger? source
Posted by Ernie Smith • 0 Comments • Permalink

08 Jul 2009 13:31

tags

Biz, U.S.: Want to feel kinda depressed? Read these food stamp numbers

  • 33.8 million people are on food stamps right now – that’s a depressing record source
Posted by Ernie Smith • 0 Comments • Permalink

08 Jul 2009 11:00

tags

Biz: Fortune’s Global 500 proves Big Oil, Wal-Mart has us at the throats

  • seven of the top ten companies on the list are oil companies, with Shell being the biggest; Toyota is No. 10 source
Posted by Ernie Smith • 0 Comments • Permalink

07 Jul 2009 12:21

tags

Biz: Another sign the economy sucks: People can’t pay off credit

  • 6.6% of all card debt is delinquent; that’s a record source
Posted by Ernie Smith • 0 Comments • Permalink

06 Jul 2009 10:34

tags

World: Why the riots in Xinjiang? Disparate economics and religon

  • There are also people who object to the amount of control exercised by the state with regard to religion and there are people who resent that the Han population is substantial.
  • Barry Sautman of the Hong Kong University of Science and Technology • On how ethnic politics have created an unstable situation between the wealthier Han population and the lower-class Uighur population. Uighurs were particularly unhappy with the way that the Chinese government handled a factory clash between the two groups last month, which made all that other stuff come to a head. The region also has a significant Muslim population in a country known for having restrictive policies on religion. • source
Posted by Ernie Smith • 6 Comments • Permalink
 

03 Jul 2009 02:45

tags

U.S.: California’s recalled ex-Gov. Gray Davis doesn’t look so bad now

  • Nobody seems to understand that the economy is like the tide. When you’re in high tide no one thinks low tide is coming. Sometimes a crisis requires people to rethink how we got in this mess. That’s a healthy process.
  • Gray Davis • Who was recalled loudly and publicly in 2003 due to what were seen as some faulty economic policies. Now, seeing things from the outside in a much scarier situation, he’s glad that he’s not in the middle of this storm and stands behind his policies, but isn’t in the mood for vindication. “Every governor is faced with an economic challenge if they serve long enough,” he said. • source
Posted by Ernie Smith • 0 Comments • Permalink

02 Jul 2009 10:06

tags

Biz, U.S.: That unemployment number creeped up again in June

  • 9.5% of folks are sans job; better get out the bread lines source
Posted by Ernie Smith • 3 Comments • Permalink

26 Jun 2009 13:13

tags

Biz, U.S.: Michigan begins its abusive relationship with General Motors anew

  • General Motors decides to make a car in Michigan again. You know the story: State hosts corporation, state becomes dependent on corporation, corporation decides to offsource most of its work, state goes into economic seizure, corporation goes bankrupt. Sounds sweet, doesn’t it? Well, Michigan – 14.5% unemployment and all – plans to go back to its mistress and let them make cars in Michigan again. The Spark, unlike most of GM’s recent hogs, is small and compact – and it’s gonna be made in Michigan. Maybe this could be the start of a brand new relationship where GM screws them over again. source
Posted by Ernie Smith • 3 Comments • Permalink
 
<< newer 
top tags
older >>