Tag Archive | "Detroit bailout"

The Biz Roundup January 3

We never see a headline about a breadline today. In the midst of the deepest recession in the experience of most Americans, many professional forecasters are optimistically heading into the new year declaring that the worst may soon be over. For this rosy picture to play out, they are counting on the Obama administration and [...]

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The Biz Roundup December 13

It’s on again. It’s off again. It’s on . . . oh, forget it. :: Throwing a lifeline to Detroit’s ailing automakers, the White House reversed course Friday and said it would consider using the $700 billion financial-rescue plan to avert a bankruptcy of the Big Three that could deepen the U.S. recession. (Wall Street [...]

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What happens after the auto company shakeout

Bailouts shmailouts. Everyone knows somebody is going to fold their tent, close the doors, buy the farm, and go the way of the dinosaur in the auto industry. Since this recession is poised to break the 16 month record and become the longest business downturn since the Great Depression, the shakeout in the auto industry [...]

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The Biz Roundup December 10

Hey! Send me money! I’ll be happy to pay you negative interest! What a deal! Just email me! :: The U.S. Treasury Department said it sold four-week bills at a high rate of 0.000 percent, a level never before seen, in a $30 billion auction. When Treasury bill rates turn negative it shows that investors [...]

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