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Automakers: A Pitiful Trio
Chance of picking the Ace of Spades from a deck of playing cards
1:52 Easy Peasy 101 Stats
When I tell you that the guy picking the card is a magician in amagic show...hmmm. well 1:1 Easy peasy lemon squeezy.
Maybe however the magician is incompetent, he kps pulling cards and doesn't find the Ace ...
Why it's right here in your purse ma'am.
The real world magicians are the cabal of Bankers ,their auditors, who have prepared frauduent Balance sheets for years with all sorts of off BS chicanery and financial legerdemain, paying profits and bonuses until their capital base has disappeared.
It's an asymmetric world and it's the magicians who hold the cards.
GM: More Bailout-Worthy than Citigroup
... and costs (US$50 K basic) as much as Wagoners private jet.
The regular 5.6 litre petrol Tahoe (US$33K basic) gives you 14 mpg on the highway.
GM: More Bailout-Worthy than Citigroup
US based foreign owned car companies will take up their declining market share with efficient , well made, reliable, vehicles.
They will of course need parts suppliers, showrooms, need to build new lant, hires ......
OK the total market will be smaller, there will be some folks hurt - but North America will have a highly efficient , compact, well run, auto industry.
The squalid boondoggle cobbled together will keep this wretched crew in a job until after the Superbowl .... better spend those Billions on ensuring some security for the retirees and re-training the redundant.
Maybe someone somewhere could find a job for Wagoner .
General Electric: Genuine Risk of Collapse?
Really ?
" I will rebuild our military to meet future conflicts. "
<b>Remarks of Senator Barack Obama, "The American Promise",Democrat... National Convention, August 28, 2008 Denver, Colorado </b>
"We should expand our ground forces by adding 65,000 soldiers to the army and 27,000 marines. "
<b>Renewing American Leadership by Barack Obama -From Foreign Affairs, July/August 2007 Journal of Foreign Relations </b>
Peak Oil's Bell Is Ringing
POM1 = when oil runs out
POM2 = when folks realise that POM1 will happen real soon now
POM2 is when energy becomes a political problem and not an econmic problem.
British Pound Crashes to New Lows as the Economic Crisis Deepens
The Next Bubble
Tech is now a a solid supplier and makes solid returns but still have overvalued stock so yields are and will remain low.
The Finance bubble is based on dishonest balance sheets that owe more to fiction than accountancy presented by dishonest fianciers. Their shredded Balance sheets will take a decade to repair and restore - if they survive.
The best strategy is put your capital where it makes a modest guaranteed return and have a handy lump (say 20%) for special situations and aim top make a modest doubling of the gambling pot every twelve months overall so you can aim for 10% return after inflation.
S & P 4% decadal yield - is that a surprise ?
Northern Rock Crisis: Old and New Solutions
1. Do the bank assets eceed their laibalities ?
2. Can the bank meet it's liabilities as they fall due ?
If the Directors (the only people who can make the decision , who may of course also take advice) consider they are insolvent they ae obliged by Company law to call in an an Insolvency Practitioner.
Loose claims we made by poiticians (including) the Chancellor of the Exchequer that the bank wa solvent - for which they had no ability to determine or position to make a claim.
As such they acted as Shadow Directors and may in fcat have claims made against them by shareholders.
EVidently the best solution in the circumstances, but by no means perfect was the old boys soft shoe shuffle by the bank over the weekend and carry on as if nothing had happened.
Mervyn was no mug and placed the decision fairly and squarely on the plates of PM and Cahncellor (onward and upward) and they fluffed it.
The Germns did it with the Bak in saxony whose name I forget and blow the EU rules. Result - peace of a kind.
Dell's Factory Sales: End of an Era
The US Jabil Corporation (US) who manufacture circuit boards for Cisco Systems Inc, Hewlett-Packard Company, IBM, Marconi Communication plc, Network Appliance, NEC Corporation, Nokia Corporation, Quantum Corporation, Royal Philips Electronics and Valeo S.A., and Intel are both developing major plants in the Saigon Hi-Tech Park .
There will be little enthusiasm for Dell's 2nd hand plants.
Boeing Threatens to Pull Out of $35 Billion Air Force Competition
Boeing are juggling with several balls and the tanker may just be a straw that breaks their back - perhaps forces within the company are suggesting a pull back and then finding some agreeable joint manufacturing deal on the booms etc., ?
Once they get the 787 fix and resolve the weight problems on the stretched versions they have to get those planes out the door, lickety split before cancellations / conversions accumulate.
The tempo of aerial bombing in Iraq and especially Afghanistan has stepped up enormously in the last month and places major reliance on French NATO assistance.
There are major problems with the 42 year old Tri-stars and VC-10's of the RAF and the Air Force need a fix on those KC-135's - PDQ.
Recent changes in the top command may have resulted in a more "robust" attitude to replacement.
Compressed Natural Gas: Key to American Energy Independence?
Compressed Natural Gas: Key to American Energy Independence?
A recent June 2008 article here - tinyurl.com/57me9l - provides a background on using UK luxury 2nd hand models to convert and then presumably run into the ground.
Depending on the model you may also find problems with insurance cover.
Geologist: In Terms of Supply and Demand, the Oil Peak Is Past
POP1 - When Peak Oil Happens
POP2 - When folks realise POP 1 is about to happen sometime real soon.
We have reached POP 2.
How GM Plans to Muddle Through
How GM Plans to Muddle Through
She's gonna start a diet next week - and hey everyone's overweight right now. Her hair, well yes she's just changed her shampoo, look it's here in her shopping basket.
Teeth ? well they may be green and snaggly but hell she's still got most of 'em. Posture - well that's a problem of her weight which when her diet's sorted.. and her acne will clear up as she's read about a new hybrid treatment.
HER problem? Hell no it's everyone's problem.
Bad breath ? She cain't smell it's bad ? EXACTLY what is your problem ?
GM marketing chief Mark LaNeve , sounds like that guy walking to towards you on the down town used car lot with his hand stretched to shake yours.
"We ran some numbers last week" .. GM are in the hole.