Dink Dink Dink !!! Greatest GrandMaster SH hit the jackpot again . . . It's crappy management. I still remember a case from an OB course I took eons ago. Back in the 80's a top-level (regional?) manager of GM was about to go on an inspection tour of the units under his control. Words got out and the people in the line of inspection got together and arranged the hotel room where the top-level manager was to stay. They even went as far as finding out the taste bud of the top-level manager. The dude liked lots of cold-cut meats. So, the people had to stuff the hotel room with meat before the guy's arrival. But the room didn't have a big cooler and a big one couldn't go through the door. So, the people had to hoist one up through the window.
Dear Peter the Greatest, I just want to make 2 additional points GM=Garbage Managements=Managing the workers who are garbage. GM=Garbage Managements=The managers are all garbage. Combined 2 together, what do you get? Garbage! Moron!
I just want to bring this up as a typical good lying politician. http://news.yahoo.com/s/politico/20081125/pl_politico/15978 So he is covered no matter if the econ recovers or not. Same thing when he was a IL senator, never take a stand on any tough issue.
^^Careful...^^ ...his supporters in here might go on a riot... But yeah, as i mentioned earlier in one of the threads, as a careful politician & president-elect, it seems like he's trying to be a centrist now with all his talks, moving away from his left party/pre-election/campaign rhetorics. But who knows what's hidden behind all the sugary talks...
The press has recently been reporting about how badly China's economy will be affected by the world financial crisis, with the World Bank updating its forecast of China's 2009 GDP growth to drop to 7%. But today a Chinese cabinet source has come up with a more upbeat forecast of 10% GDP growth for 2009. Maybe, the Chinese inner power circle knows something the world doesn't know. See www.chinadaily.com.cn/china/2008-11/30/content_7254344.htm.
Yoyo session again. The tech stocks are still resilient. If this crisis is worse than any other, this means the bottom has yet to be reached. Everyone must be in a limbo now. Neither up nor down.
Ford might be on the right track. I am not sure about GM or Crys-ler... What plan does Gm has except to drive from Detroit to DC? My question is CEO is driving, what happen to the entourages that going with the CEO? I will not be surprised to see the body guard drives 1 Chevy Taho in front and 1 in the back and got into accident and sanwitch CEO in the middle on an ice road. They end up late for the meeting. I still have not hear anything from GM on their plan.
I still don't know why there are so many different brands within GM, Ford and Chrsyler? Pontiac, Buick, . . . These are all byone companies that got absorbed by GM many decades ago.
Chevy for regular working people with no money. Pontiac for the young kids has no money and want to drive fast. Buick for the old people who drive 5 mile below speed limit. GMC for the people who has no idea what truck to pick. Saturn for the people who want to drive a Japanese car want na be. Cadillac for the drug dealer who can not buy a Benz because of credit problem. Sorry if I offended any one...
Some more.. Fed gov't is doing too much baby-sitting for the 3 spoiled automakers.. Master Steven, don't forget : Plymouth - for families who want a van.. Hummer - remember them? they're for people who want to have that military feeling while driving around town. Master Pete : basically they still exist because of long time loyal owners. Actually they've been merged with GM for decades. It's more to do with name association than anything else; if those brands cease to exist, then the loyal customers would go bye-bye.. Bottom line, union (UAW) is the main reason for this auto bailout joke; to an extent the "killer". They should find a mediator to resolve this problem between both the owners and the union.... ..as mentioned here also: http://www.badmintoncentral.com/forums/showthread.php?t=17468&page=9 (starting w/post #147)
It now appears that the US and China are the two main players who are capable of getting us out of the present financial crisis. The EU is in disarray and is acting more like "each-on-its-own"; its planned summit meeting with China to solve the financial crisis was cancelled by China, furious at Sarkozy's planned meeting with the Dalai Lama. The recent Strategic Economic Dialogue (SED) between China and the US agreed on a range of issues, particularly on the financial crisis, will go a long way to steady the rocking ship. A US$20 billion financing assistance will be provided to importers who are facing cashflow problem importing goods. And for the first time, the US, so long used to lecturing other countries on how to run an economy, was itself lectured by China to speed up its domestic adjustment by boosting its savings rate and to reduce its trade and fiscal deficits. China squarely put the financial crisis blame on the US, caused by its excessive consumption and over-reliance on debt. China is also initiating a bilateral accord with the US on mutual protection of each other's investments-they want to sleep better with such huge investment in US government bond holdings. China plans to bulid 40 nuclear power plants and the US is salivating at the prospect of getting a major share in its construction. Also, China's cabinet is now projecting its 2009 GDP growth rate to be no less than 9%. This might not save the world but it will help in some small way.
Sorry, need to change the next chapter title to "Unemployment" and revise the unemployment number to 9.5%+-0.5%.
The US posted a record jobs loss number in November but the Dow went up by more than 200 points, after having been down the same number of points the day before the jobs loss report. There is some truth that the stock market is always ahead of the times.
California may be out of cash in February By Jim Christie Jim Christie Fri Dec 5, 2:26 pm ET SAN FRANCISCO (Reuters) – California is on track to run out of cash in February or March and faces a $15 billion cash shortage by the end of its fiscal year in June unless officials plug an $11.2 billion budget gap, according to the state's budget director. Additionally, if Gov. Arnold Schwarzenegger and lawmakers fail to close the current fiscal year's budget shortfall soon, California, the most populous U.S. state, may in March delay payments to its vendors or hand them notes promising payment, according to a December 1 letter to top lawmakers from the director of the Department of Finance, Michael Genest. Legislative leaders were not immediately available for comment on Genest's letter, which came on the heels of Schwarzenegger calling lawmakers into a special session to close the budget shortfall. The state's revenues have been weakening more than expected, reduced by a lengthy housing slump, sagging retail sales, turmoil in financial markets and rising unemployment. Schwarzenegger, a Republican, is urging the Democrat-led legislature to back his plan for closing the budget shortfall with a combination of spending cuts and new revenues, including cash from raising the state's sales tax. Democrats oppose spending cuts and the legislature's Republican minority opposes tax increases, resulting in routine stalemates on spending plans. Those delays and budgets often tipping into deficit are major reasons why California's general obligation debt rating is paired with Louisiana's at the bottom of Wall Street's state rankings. Standard & Poor's and Fitch Ratings currently have 'A+' ratings on the debt, while Moody's Investors Service has an 'A1' rating on the bonds. Investors are growing increasingly concerned about the state's finances. Spreads between California general obligation debt and the benchmark triple-A curve for 20- and 30-year maturities are at their highest level of the decade, topping even those when California's GO debt rating fell to 'BBB' in 2003, according to Muni Market Data, a service of Thomson Reuters. (Reporting by Jim Christie, Editing by Chizu Nomiyama)
