DISQUS

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well glad she was 18 so we can all laugh at her
well at least her kids can find this one in the archives and the whole family can have a good laugh

I don't usually comment, but I cannot seem to shut up about this auto industry bailout. I really really really hope they give them absolutely nothing.
As unfortunate as it is for the individuals being laid off, it would be such a very bad idea on so many levels. GM has been hemorrhaging bind-boggling rivers of cash for *decades*. 20 years, maybe 30. Their management is quite obviously incapable of running a company. And they deserve money why??

Their revenues come from contracts that make it look like 'profits' on paper, but never result in cash being received. They have gotten government money twice in the past. GM has a market cap of just under $2bn. Which looks big, but paired with about $130bn in debt (not counting their half-ownership of the GM financing company, which has another $300bn in debt!) it is totally hopeless. Whatever they are asking for, is like asking for a band-aid to help with a severed major blood vessel.

In any normally functioning economy, they are f*cked. They just need to go under. I would be happier if they just GAVE the billions from this bailout directly to those losing their job from it. Much better, use it to find/make new jobs for these people that actually create value for the economy. Better car companies for instance. Anything. Reeducation, whatever.

GM is producing cars in Canada that it cannot sell, but as machinery and union contracts are 'just so', they let the unsold cars stand in a field in Ontario, rusting through the years, because it would be more expensive to shut the line down. So while people who actually *purchased* cars are having them repossessed, GM is happily wasting more money to let perfectly functional cars rot in an open field. Lovely.

Apart from the hair-raising dilbert-esque stupidity of this jet idea, I hope it will make Congress realize what a steaming turd this bailout really is. The unions, which have bargained hard in the past, allowing their members to earn hourly wages of $30-$60 are not willing to give ANY concessions to help pull this thing out of the mud. They are essentially asking the tax payers, many of whom do not have such a highly paid job and job security throughout the last decades, to pay the whole bill. The private jetters were asked by Congress whether they were willing to give up these jets right now and fly back commercial. No one raised their hand. Unfathomable! From both sides!

So with one hand, US tax payers are supposed to bail out big companies (that have produced gas-intense cars no one wants and have generally done f*ck-all to be a healthy company), while also funding subsidies for new technologies in transportation to allow them to even compete just a little. Anyone else find this the least bit odd? These new companies would already be much better off not having to compete with government-funded professional money-wasters that can offer better employment contracts than the startups because their asses are always saved by taxpayer money.

Sorry about the rant, but this idiocy is just driving me up the f*ing wall!!

unfortunately, I would have to agree that it may generate more trouble than help. In particular by perception, because all the time somebody smiles about it, it would be an unremarkable parking experience. But any bad reaction would become noticeable for you. So for your peace of mind, I personally would leave it.

I had to chuckle at the oppressedness of two-wheelers you mention, I am mostly a user of 4 wheels (due to the fact that I suck at cycling unfortunately), and since moving to France, the two-wheelers really have put the fear of all that is holy in me. They rule the road. Motorcycles DEMAND that you make room for them to overtake on a single-lane road. They ride with the emergency blinker on to announce that they purchased the bike with the built-in right-of-way. At 65 MPH they will speed up behind you so close they're almost sitting on your trunk.

Downtown Paris, if traffic is moving slowly and they cannot pass you because your car is in the middle of the lane, they will pound your hood with their fist. Just to kindly bring to your attention that you are IN THEIR WAY!!! Essentially, motorcycles here come with their own lane. It must be fantastic.

You should consider a national two-wheeler meeting, to have some middle ground...

Mccain team blames Acorn for voter fraud, but this video proves that they actually are doing it.
Shame on you Mccain paying people to vote for you.
http://www.youtube.com/watch?v=1d98t2c2XZE

There actually is an academic definition of a recession, but they are backdated by the NBER. Based on a bit more than just GDP - also employment, real wages, etc. Due to backdating, it is not labeled a recession when it starts happening. (If it were that easy to forecast precisely, the economists working on this would be making money off their perfect forecasts, not working for the NBER... nevertheless, I think they would all agree at this point...)

Mr Fatman, I don't believe reassessing the value will indeed be shortlived, as this is what is happening and it has gone on for quite a while. The problem is not simply the fact that these assets were overvalued, but that they were highly leveraged. Lehman has 43bn in liquid assets (Bear Stearns had orders of magnitude less, relative to their requirements). Revaluing stationary assets on their balance sheet thus 'should' not be affecting them as much as it is. However, book values mean nothing currently, and the market is indeed valuing these assets at very low levels (as you suggest). But this is what is ultimately causing the bankruptcies. Banks are subject to rules on various coverage ratios of assets vis a vis equity levels. And with plunging stock prices those ratios cannot be kept up.
Even if all banks would WANT to do that (highly uncertain), they don't have the breath to do that.
It's an unstable equilibrium between bank creditors, bank equity holders and the fed (who right now is seemingly more concerned with not giving the wrong signals (i.e. "give me your huddled masses, we will rescue ALL banks" ) than with Reg Joe. In the long run rightly so, but in the long run, Reg Joe doesn't give a flying monkey's *ss.

oh i try to visit this place and yes very cozy

:)

Great idea- patent it.

Trip report: http://www.silentkids.com/travel/kenya.shtml, first part is just about London

Check out this webpage from UK gov website and read what Getam nature of business is...:)

http://wck2.companieshouse.gov.uk/0ace31efe56d2...

我最喜歡的KAWS玩具以外的單品是多年前出的幾件和UNDERCOVER聯名的T，質料比or....fake好太多了。

amir's hair looks great!

Wow, Kev! Getting paid! Sarap! I'm sure this is a big sum of money! :) Galing!

******* IRRITATING BACKGROUND MUSIC WHAT THE **** WAS U THINKING OF? :o:o:o:o:o:o

thanks alot very good blog

thanks alot very good blog