Posted on December 29th, 2008 by Walter Brasch
The New York Yankees just bought a first baseman for $180 million. For the next eight years, Mark Teixeira will earn about $22.5 million a season. The week before, the Yanks bought seven years of pitcher CC Sabathia’s life for $161 million, about $23 million a season—and five years of A.J. Burnett for $82.5 million, [...]
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Filed under: Consumers, Credit Crisis, Economy, In The News, Movies, Sports, TV, Walter Brasch
Posted on December 19th, 2008 by Stuart O'Neill
George Bush came through with a 17.4 billion dollar loan to GM and Chrysler. $13.4 billion will come from TARP funds in December and January. $4 billion will be available in February assuming the Congress authorizes the second half of the original $700 billion rescue package.
[Here's the White House 'Fact Sheet' on the loan package. [...]
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Filed under: ABC News, Autos, Barack Obama, Bush Admin, Congress, Credit Crisis, Economy, George W. Bush, In The News, Stuart O'Neill
Posted on December 18th, 2008 by Stuart O'Neill
On the heels of GM closing 20 US plants for a couple of weeks and Chrysler shutting down all plants for a full month, President Bush has said, and Dana Perino, Press Secretary confirms, that Bush is considering an ‘Orderly’ bankruptcy for the Big 3. In a very detailed AP report, Bush admitted there were [...]
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Filed under: AP News, Autos, Barack Obama, Bush Admin, Congress, Constitution, Courts, Credit Crisis, Economic News, Economy, Recession, Stuart O'Neill, US Manufacturing
Posted on December 4th, 2008 by Pamela Leavey
Is greater relief at the gas pumps finally in sight? If Gulf Oil CEO Joe Petrowski is correct it could go down to $1.00 a gallon or lower by next year. I for one am hoping he’s right. I just filled my tank up here in rural Maine yesterday paying $1.99 a gallon. A further [...]
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Filed under: Big Oil, Bush Admin, Consumers, Corporatism, Credit Crisis, Economic News, Economy, Energy, Gas Prices, In The News, Opinions, Pamela Leavey, Paul Krugman, Political News, Politics, Recession
Posted on November 30th, 2008 by Stuart O'Neill
I’ve been pounding an unpopular table in several places trying to show people that a $25 Billion investment/loan is critical for the US and makes common sense. I’ve taken a couple of days off from working on the subject. Today, I’ve finally found the opening statements of all three automakers to Congress.
I’m providing them below [...]
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Filed under: Autos, Congress, Credit Crisis, Economy, In The News, Stuart O'Neill, US Manufacturing
Posted on November 26th, 2008 by Stuart O'Neill
[First, let me say these are my own suggestions to help the situation. These are the changes I wish to see in the automakers. I will be doing more fact based writing, fully resourced, in the next few days. I agree with Rachel Maddow (video) that the attack on the UAW and the automakers could begin a [...]
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Filed under: Autos, Credit Crisis, Economic News, Economy, Foreign Policy, In The News, Stuart O'Neill
Posted on November 24th, 2008 by Stuart O'Neill
One of the major fallacies of the public perception of a ‘Detroit’ auto crisis is based on simple lack of information. The public doesn’t understand that this is global crisis with, just in the US, 3 million direct jobs at stake and millions of other indirect jobs at stake, and having global bailout requests.
Just in [...]
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Filed under: Consumers, Credit Crisis, Economy, Election '08, In The News, Stuart O'Neill, US Manufacturing
Posted on November 24th, 2008 by Stuart O'Neill
Let’s focus on Ford as it has very available data.
In the first move of an announced global manufacturing strategy the newly redesigned Ford Focus, currently a high demand vehicle that as caused one US manufacturing plant to add a third shift, will have it’s new model built both in Europe and the US. Ford will [...]
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Filed under: Consumers, Credit Crisis, Economy, In The News, Stuart O'Neill, US Manufacturing
Posted on November 16th, 2008 by Stuart O'Neill
First let me preface by saying that I’ve spend 29 years full-time, that is full time when I wasn’t working one campaign or another, in the real estate profession either as a salesperson/consultant or as a mortgage broker. I’ve lived through 4 recessions. I’ve seen it get bad before yet never have I seen a [...]
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Filed under: Bush Admin, Congress, Consumers, Credit Crisis, Economy, Stuart O'Neill
Posted on October 11th, 2008 by Pamela Leavey
The latest NEWSWEEK poll shows Obama opening up a double digit lead over John McCain and ”An astounding 86 percent of voters now say they are dissatisfied with the way things are going in the United States, while a mere 10 percent say they are satisfied.”
That’s the highest wrong track/right track ratio ever recorded in the [...]
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Filed under: Barack Obama '08, Credit Crisis, Democrats, Economy, Election '08, In The News, John McCain '08, Newsweek, Pamela Leavey, Political News, Polls, Presidential Election, Republicans
Posted on October 10th, 2008 by Pamela Leavey
Christopher Buckley, son of William F. Buckley, announced today on his blog, The Daily Beast that he is voting for Barack Obama. Buckley said:
Let me be the latest conservative/libertarian/whatever to leap onto the Barack Obama bandwagon. It’s a good thing my dear old mum and pup are no longer alive. They’d cut off my allowance.
Buckley [...]
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Filed under: Barack Obama '08, Conservatives, Credit Crisis, Democrats, Election '08, Endorsements, In The Blogosphere, In The News, John McCain '08, Obama-Biden 08, Opinions, Pamela Leavey, Political News, Politics, Presidential Election, Republicans
Posted on October 10th, 2008 by Pamela Leavey
Well folks, as you sit down with your morning cup of coffee and you prepare to delve into the financial headlines you might want to pour a stiff shot of something to sweeten that coffee, that is if you can afford the price of a good bottle of liquor. Here’s a round of the early [...]
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Filed under: BushCo, Congress, Corporatism, Credit Crisis, Democrats, Economic News, Economy, Henry Paulson, House of Reps, In The News, Pamela Leavey, Politics, Republicans, Senate, Wall Street
