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| Last Updated: Aug 15th, 2008 - 11:26:43 |
Newsletters
:
2006 Newsletters
:
28 April 2006
Thought for the Day
Straight from the Economist On-line, here is the latest news from America:
"Nissan and Honda continued the recent success of Japanese carmakers by reporting record net profits for the year ending March 31st. Honda's fourth-quarter profit rose by 133% compared with a year earlier. The news provided sharp contrast to the fortunes of Detroit. Last week, General Motors reported its sixth straight quarterly loss (though at $323m, the result was better than expected) and Ford announced its biggest quarterly loss in four years - $1.19 billion - as it took charges for its restructuring plans."
Our next article provides an interesting perspective of the Auto workers Union's efforts over the years. Unions were a vital part of the world community at one time. Have they passed their "use by" date?
Apr 28, 2006, 09:45
Newsletters
:
2006 Newsletters
:
28 April 2006
Where Would General Motors Be Without the United Automobile Workers Union?
General Motors was once the biggest company in the world and it was once said that what was good for GM was good for America. Now GM bonds are junk status and GM seems to be going down the gurgler, desperately selling off the family jewels in a final bid to stay afloat.
What shock waves will rattle the economic world when General Motors moves into bankruptcy? Remember when we used to say, "When America sneezes the rest of the world catches cold". After 12 good years our economy is succumbing to continual anti-growth legislation and is shrinking. If America suffers a major economic shock what effect will this have on our already shrinking economy? Let us hope that our chill does not progress into pneumonia!
Apr 20, 2006, 10:27
Newsletters
:
2006 Newsletters
:
28 April 2006
Republicans Target "Economic Crimes".
There are many points of view on things political. Do-gooders regularly ruin the very things they hold dear and push to care for. This article looks at the actions of some American politicians (Republicans) who are not do-gooders but seem to be cynical self servers.
The scene is the oil business and gives us more insight into the machinations of American politicians and how this affects the oil industry.
Property rights, free markets and low flat taxes produce maximum economic growth but so often politicians reduce these essentials while persuing other ends. What an interesting muddle we live in.
Apr 5, 2006, 21:51
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