Honestly, while looking into all this, given the situation they're in, they might as well kill off all but one or two of the brands. I can see keeping GMC, and perhaps Chevy. They need to start from scratch. Originally, as I remembered, Saturn was supposed to be their "Japanese car company" in that it was going to follow the same scheme akin to Toyota or Honda. It was supposed to be a "better quality" car company or something along those lines, where they listened to car owners. Of course, what ended up happening was that Saturn just became another marque of GM. A shame really, because it had a potential of being a game changer.
But like Robert and Anonymous eluded to, the brands have lost a lot of their reputation. You know what you get with a Chevy, and you know what you get with a GMC truck. The problem with GM was that they wanted to provide everything to everyone almost all at once. Concentrate on one brand, perfect it with your customers and then move on to the next.
I think it's a bummer they are going to kill Saturn. Their problem is their cars suck, they are also "bland" kind of so middle of the road, who wants to buy them. But their business model is the thing I feel very sad to go.
Hey, I agree, Pontiac means "shit" in terms of quality but they are the ones who made the muscle car and I noticed the focus on that symbolism in the article.
If by 'muscle cars' one means 're-badged small FWD Chevies and a Saturn knock-off', then yes by god Pontiac is a muscle-car brand. Sad to see it go for old time's sake, but in real terms that brand's been dead for decades.
I missed this on Wednesday, the Senate passed an amendment to create an independent, bi-partisan commission to investigate the causes of the financial crisis.
I haven't read the amendment but the fact it is based on the 9/11 commission is probably good.
The one in the house is claimed to be "non-partisan" but is having "leadership" pick 6 Dems to 4 GOP and ya know, do we really want Pelosi and Reid picking the investigators?
"The thing that is kind of smelly is the idea they can never return. I could see a 5 year wait period that they could never return as a condition but never return is pretty harsh and if Japan's economy recovers doesn't make that much sense unless they were used to undercut Japanese labor during the boom years."
It occurs to me that a part of this, might be a wish among some Japanese to return to the era and economic system of the Shogun. Back then, if a sailor of Japanese Citizenship became shipwrecked, he couldn't return.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
I'm assuming your post is breaking down this bloomberg report is much more detail. but the big whopping total being reported, I'm assuming all of this is worthless right?
Ya know, they can scream bloody murder til doomsday at this point about systemic risk. I am now thinking more sudden shock is the problem.
It can only zoom to the original image size. Yeah, I know, it takes a lot of code to use it. I started on the update, ran into terrible database corruption, incompatibilities trouble, then got carpal tunnel and now am too busy.
I have site update guilt and giving more image tools is one of the things on the list.
(Your very guilt ridden admin/site designer).
Very good post, back to the point of EP. I feel like the government pretty much got into the shell game.
Supposedly the government pressure BoA to hide it's losses. A report to that effect came out yesterday.
I noticed that on the Federal Reserve statistical release that Maiden Lane LLC, Maiden Lane II LLC and Maiden Lane III LLC all appear.
Does anyone have a list of what the assets are behind these entities or what there current status is?
In a country with dictatorship, the government can pretty much ignore what the citizens think. So, they use the media to controls citizens in a obvious way, but fortunately, people there know the fact that their Government makes up all these fictions/propaganda.
In US, on the other hand, media is controlled by interest groups who have enough power over the owners and the upper management of these media/press etc, so we are also controlled by them. However, they can't control us in a obvious way like USSR could do, because we are pushing "democracy". The folks in the governing class here know that, of course. So, they do in a different way than USSR did. Do some underwater homework (for example, finding a scandal, etc, then leak to the media), then let their media establish the "public consensus", to finally control us.
So, it is, much or less, same as USSR that you have mentioned. USSR just had more straight-forward system, while the governing class here just have to do one extra step called "making up the public consensus", before finally control people. The Actual steps are a bit more complicated, but it is basically how it works.
The worst of all, people here never doubt what media says, which is the biggest problem we have here in US, Western Europe, Japan and other countries with "democracy".
is rather nebulous because technology also affects it, but it is is the population size of the species that the environment can sustain in the long term, given the food, habitat, water and other necessities available in the environment. For the human population, more complex variables such as sanitation and medical care are sometimes considered as part of the necessary infrastructure.
Note that almost by definition, this is without imports and exports- a closed environment.
Japan has been unable to feed itself since before WWII. The United States is either pushing carrying capacity or exceeded it in the last decade or so, depending who you talk to.
I've seen various mathematical formula related to this, none definitive. Elrich's IPAT is the standard:
I = P * A * T
where:
I is the impact on the environment resulting from consumption
P is the population number
A is the consumption per capita (affluence)
T is the technology factor
But as you can see, at least two of these values are in fact rather subjective.
We should all be working at the Onion. They are one of the few growth industries as we try to find some bit of humor in the wasteland of devastating news.
Honestly, while looking into all this, given the situation they're in, they might as well kill off all but one or two of the brands. I can see keeping GMC, and perhaps Chevy. They need to start from scratch. Originally, as I remembered, Saturn was supposed to be their "Japanese car company" in that it was going to follow the same scheme akin to Toyota or Honda. It was supposed to be a "better quality" car company or something along those lines, where they listened to car owners. Of course, what ended up happening was that Saturn just became another marque of GM. A shame really, because it had a potential of being a game changer.
But like Robert and Anonymous eluded to, the brands have lost a lot of their reputation. You know what you get with a Chevy, and you know what you get with a GMC truck. The problem with GM was that they wanted to provide everything to everyone almost all at once. Concentrate on one brand, perfect it with your customers and then move on to the next.
I think it's a bummer they are going to kill Saturn. Their problem is their cars suck, they are also "bland" kind of so middle of the road, who wants to buy them. But their business model is the thing I feel very sad to go.
Hey, I agree, Pontiac means "shit" in terms of quality but they are the ones who made the muscle car and I noticed the focus on that symbolism in the article.
If by 'muscle cars' one means 're-badged small FWD Chevies and a Saturn knock-off', then yes by god Pontiac is a muscle-car brand. Sad to see it go for old time's sake, but in real terms that brand's been dead for decades.
I missed this on Wednesday, the Senate passed an amendment to create an independent, bi-partisan commission to investigate the causes of the financial crisis.
I haven't read the amendment but the fact it is based on the 9/11 commission is probably good.
The one in the house is claimed to be "non-partisan" but is having "leadership" pick 6 Dems to 4 GOP and ya know, do we really want Pelosi and Reid picking the investigators?
"The thing that is kind of smelly is the idea they can never return. I could see a 5 year wait period that they could never return as a condition but never return is pretty harsh and if Japan's economy recovers doesn't make that much sense unless they were used to undercut Japanese labor during the boom years."
It occurs to me that a part of this, might be a wish among some Japanese to return to the era and economic system of the Shogun. Back then, if a sailor of Japanese Citizenship became shipwrecked, he couldn't return.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
I'm assuming your post is breaking down this bloomberg report is much more detail. but the big whopping total being reported, I'm assuming all of this is worthless right?
Ya know, they can scream bloody murder til doomsday at this point about systemic risk. I am now thinking more sudden shock is the problem.
It can only zoom to the original image size. Yeah, I know, it takes a lot of code to use it. I started on the update, ran into terrible database corruption, incompatibilities trouble, then got carpal tunnel and now am too busy.
I have site update guilt and giving more image tools is one of the things on the list.
(Your very guilt ridden admin/site designer).
Very good post, back to the point of EP. I feel like the government pretty much got into the shell game.
Supposedly the government pressure BoA to hide it's losses. A report to that effect came out yesterday.
Boy, it takes time to get use that function.
The balance sheets are hard to read. You can change width, height and then you can also attach the original balance sheets as a file to your post.
Very very cool you used the trigger class but the zoom isn't really there to get the detail on it.
But the financial statements are in the first link in the above article.
I noticed that on the Federal Reserve statistical release that Maiden Lane LLC, Maiden Lane II LLC and Maiden Lane III LLC all appear.
Does anyone have a list of what the assets are behind these entities or what there current status is?
I saw Hamilton's work discussed in an article on The Atlantic's website yesterday as well.
Guess my timing was propitious!
In a country with dictatorship, the government can pretty much ignore what the citizens think. So, they use the media to controls citizens in a obvious way, but fortunately, people there know the fact that their Government makes up all these fictions/propaganda.
In US, on the other hand, media is controlled by interest groups who have enough power over the owners and the upper management of these media/press etc, so we are also controlled by them. However, they can't control us in a obvious way like USSR could do, because we are pushing "democracy". The folks in the governing class here know that, of course. So, they do in a different way than USSR did. Do some underwater homework (for example, finding a scandal, etc, then leak to the media), then let their media establish the "public consensus", to finally control us.
So, it is, much or less, same as USSR that you have mentioned. USSR just had more straight-forward system, while the governing class here just have to do one extra step called "making up the public consensus", before finally control people. The Actual steps are a bit more complicated, but it is basically how it works.
The worst of all, people here never doubt what media says, which is the biggest problem we have here in US, Western Europe, Japan and other countries with "democracy".
Even though we all need a good laugh right now, the Onion is sometimes prescient.;-)
www.motorauthority.com/despite-troubles-at-home-chryslers-overseas-sales-on-track.html
Dana
Globalization is a LIE!
is rather nebulous because technology also affects it, but it is is the population size of the species that the environment can sustain in the long term, given the food, habitat, water and other necessities available in the environment. For the human population, more complex variables such as sanitation and medical care are sometimes considered as part of the necessary infrastructure.
Note that almost by definition, this is without imports and exports- a closed environment.
Japan has been unable to feed itself since before WWII. The United States is either pushing carrying capacity or exceeded it in the last decade or so, depending who you talk to.
I've seen various mathematical formula related to this, none definitive. Elrich's IPAT is the standard:
I = P * A * T
where:
I is the impact on the environment resulting from consumption
P is the population number
A is the consumption per capita (affluence)
T is the technology factor
But as you can see, at least two of these values are in fact rather subjective.
Wikipedia has a pretty good writeup here.
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
We Still have Tesla
-------------------------------------
Executive compensation is inversely proportional to morality and ethics.
Professor Hamilton's work is mentioned over there, as well.
http://netenergy.theoildrum.com/node/5304
Further Evidence of the Influence of Energy on the U.S. Economy
The above article cites Professor Hamilton's study.
http://www.theoildrum.com/node/5326
Further Evidence of the Influence of Energy on the U.S. Economy - Part 2
I already had this one open in another tab when I opened this article!
We should all be working at the Onion. They are one of the few growth industries as we try to find some bit of humor in the wasteland of devastating news.
ya know considering how so many are waiting for the dollar implosion, I'll bet a lot of people are going to believe this story is real. ;)
Pages