rdan Marketwatch notes some kinks in our concepts of retirement security: The vast gulf in performance underscores a little-appreciated fact of target-date funds: They may focus on the same retirement year, but investment philosophy and the percentage of stocks, bonds and cash varies widely.“All retirement funds are not equal,” said John Markese, president of the […]
rdan AP reports: Major automakers reported plunging U.S. sales for September — led by a 34 percent slide at Ford Motor Co — as an escalating credit crisis hit the slumping industry and raised new doubts about when the world’s largest auto market would stabilize. The 26-percent drop in industry-wide auto sales was sharper than […]
rdan (hat tip Movie Guy) FOR RELEASE: 2008-12-12GM Announces Significant Production Cuts for Q1 ’09 Moves In Direct Response to Rapidly Deteriorating Market Conditions DETROIT – General Motors announced today a significant reduction of planned production for the first quarter of 2009 due to the ongoing and severe drop in industry sales, which were down […]
rdan The Detroit Free Press carries this statement: “The UAW is deeply disappointed that Senate Republicans have blocked the bipartisan legislation that was agreed to by President Bush and congressional Democrats. “In an effort to work out a compromise, the UAW was prepared to agree that any restructuring plan should ensure that the wages and […]
rdan Naked Capitalism Yves points to this NYT article. The quote is a very short part of a longer discussion. General Motors and Chrysler, for example, owe their suppliers a total of roughly $10 billion for parts that have been delivered. G.M. has held off paying them for weeks, and Chrysler is paying in small […]
rdan The AP reports that the 15 billion is not available to the auto companies: Their efforts in Congress squashed, U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion lifeline to help them avoid imminent collapse. General Motors Corp. and Chrysler LLC, which have said they could run out of […]
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I don’t feel like talking about economics right now, so let’s talk Rock and Roll. The contract with Van Halen’s legendary “brown M&Ms” rider has been published by The Smoking Gun. And it was there for purely rational reasons: While the underlined rider entry has often been described as an example of rock excess, the […]
By Spencer The real trade deficit has been contracting so far this year and accounted for a major portion of growth this year. Just another example of how in the new world the US exports recessions. But this quarter this is changing. We now have Oct and Nov real trade data that will enter into […]
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