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Posts Tagged ‘auto industry’

So What Else Is Too Big To Fail?

Posted in Economy, Government, Life, Technology, politics, tagged , , , on March 31, 2009 | Leave a Comment »

I would guess that, prior to the recent World Economic Meltdown (WEM), most of us never gave much thought to which industries were “too big to fail”.  Who knew we couldn’t live without AIG or Bank of America?  Insurance companies and banks come and go, right?  It turns out that this rule only applies to [...]

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What We Need Now Is a Good Ponzi Scheme

Posted in Economy, Government, Life, politics, tagged , , , on March 9, 2009 | Leave a Comment »

It is fashionable in economic and government circles to condemn the tactics of tricksters like Charles Ponzi, a man who made a fortune by using new investors’ money to pay old investors their expected returns on their investments.  The most recent person to become famous in this way is Bernie Madoff, who is thought to [...]

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U.S. Auto Industry To Offer 200,000 Mile Warranties?

Posted in Economy, Government, Life, Technology, Thoughts, politics, tagged , , , on December 19, 2008 | 1 Comment »

OK, so George Bush has ensured that the U.S. auto industry won’t evaporate on his watch.  Thanks, George. You won’t be forgotten.  So, it’s over to you Barack. You’ve got a month to figure out how to save a multi-billion dollar industry that has been in self-destruct mode for the past forty or fifty years.  [...]

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Will Detroit Soon Suffer It’s Own “Katrina”?

Posted in Christianity, Economy, Government, Life, Religion, politics, tagged , on December 5, 2008 | 2 Comments »

Detriot is drowning in red ink. General Motors says they need four billion dollars immediately or they will go out of business at the end of the month. The heads of the Big Three automakers are begging the government for help, but so far, nothing has been forthcoming – even though the government could use [...]

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