Americans can’t do shit.
GM Opel deal - sources - May. 29, 2009.
Tentative Opel deal reached
GM and the Canadian auto-parts maker Magna agree to a $2.1B bridge financing framework.
Chrysler CEO says Fiat deal to close
The automaker wants to sell its stronger operations to a “New Chrysler” owned by Italy’s Fiat , labor unions and the U.S. and Canadian governments, in exchange for $2 billion paid to lenders.
Toyota, Honda and Volkswagen are all kicking our butts at making cars that people want.
Never could make electronics. Sony,Nintendo,Toshiba…
Don’t even make beer. BUD is now Anheuser-Busch InBev. The Coors Brewing Company is a regional division of the world’s fifth-largest brewing company, the Molson Coors Brewing Company. I think Sam Adams is the last ‘mass market’ American beer you can buy.
Can’t make steel. Been to PA?
What do we make?
Delinquent Mortgages, Foreclosures Hit Record High - washingtonpost.com
Delinquent Mortgages, Foreclosures Hit Record High - washingtonpost.com.
About 12.07 percent of mortgage loans were delinquent or in the foreclosure process during the first quarter, according to the survey by the Mortgage Bankers Association, an industry group. That is the highest ever recorded by the survey, which dates back to 1972. The figure reflects an 8 percent increase compared to the first quarter of 2008.
“The original delinquency and foreclosure problems had a lot to do with loan terms - the toxic mortgages with interest rates that reset higher,” said Nicholas Retsinas, the director of Harvard’s Joint Center for Housing Studies. “Now we’re back to the more traditional reasons why loans go bad. If people don’t have jobs, they can’t pay their mortgages.”
On the other hand if you do have a job then now is the time to buy property or refinance. We are trying to do a 4.75 15 year now that will save us $400 a month! “The rich get richer. The poor get the picture. The bombs never hit you when you’re down so low…”
Grow a set, Wisconsin.
Wisconsin school districts slammed by Wall Street meltdown - Jan. 21, 2009.
Five Wisconsin school districts claim they were misled by advisers and could lose most of $200M investment.
“Board members from all five districts - West Allis, Kimberly, Waukesha, Whitefish Bay and Kenosha - signed closing documents that outlined investment risks. But according to Whitefish Bay’s Yde, “the risk that was verbally provided to us is not the risks that we have in this transaction.”
Put it all on black.
A videotape of another local school board meeting in May 2007 shows Noack saying, “If we stick to all investment-grade companies, you’ve still gotta have 10% go under, and I would assume - I’m not an economist, but that’s a depression.”
Well guess what? We are ALL in a deep depression. Betting your money on Wall Street is no different than going to Vegas. You win some and you lose some.
I’m sure the investment company had some language in the contract all these school districts signed like…
The performance data shown represents past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so that investors’ shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.
They all do. And the rep even spelled it out further for them and said you could lose all of your money if the economy goes in the shitter.
In my company sponsored plan I contributed 4,000 this year and the total value YTD is down 5,000. Money down the hole…
We are all in the same boat Wisconsin. Man up! Get back to work and this time bet on black! Or black and gold… Steelers look good. Some well placed bets and you’ll have all your money back by groundhogs day!
Mom kills family dog with Wiimote
Michigan mom kills family dog with Wiimote - MLive.com.
“We had just got the Wii for Christmas,” explained owner Kathy White, “so we were trying it out, and that’s when Alexis and I were bowling and Ozzy was standing by me and he jumped up and I hit him in the temple and killed him instantly.”
Wii Gun
“January 13, 2009: Destructoid.com: According to Kathy, Ozzy was not moving or even breathing. He was, for all intents and purposes, dead. She called her neighbor, Pene Honey, and started screaming that she killed her dog. Pene felt for a pulse, which apparently slowed and then stopped altogether. Ozzy’s nose was breathed into, but it was looking bleak. However, after around five more breaths, Ozzy suddenly coughed and woke up.The dog was rushed to the vet where it was discovered he had severe brain swelling and underwent cardiac arrest. Luckily, he is now fully on his way to making a complete recovery, and is no longer allowed in the room when the family are playing their Wii.”
I understand that most people have trouble controlling their body when they believe they are manipulating a cartoon representation of themselves, but the real sad part of this is that the family went to the neighbors house in hysterics before attempting to revive their puppy. Luckily the neighbor had some common sense and attempted mouth to nose, called the vet and saved the dogs life.
Obviously the family was in a virtual reality trance and can not be held responsible for their actions. Only the dog will be punished by being banned from family interaction when the family is performing their mental masturbation in the family room.