It’s an excellent question, one that Bill Saporito takes on in the current issue of our magazine. You can read his story, “Is General Motors Worth Saving?” online here. You can also watch Bill talk about his story on MSNBC tomorrow morning at 10:30. My question, considering the way things have been shaking out in [...]
Renault-Nissan CEO Carlos Ghosn doesn’t want to see GM go bankrupt. And that’s not because he’s nice. “Nobody likes to see a competitor in a difficult position, because it usually messes up the whole market,” he says. “Any disruption today is going to add more to the problems of the industry.” Ghosn was here at [...]
Sheila Bair, head of the FDIC, was on NPR this morning talking about her new plan to stem foreclosures. She wants to entice servicers to modify more mortgages by having the government shoulder up to half of the losses from any rewritten loans that go back into default. Sound good? Not to the White House [...]
The American system of retirement saving is in big trouble. Not so much Social Security: That has some long-term funding issues, but they are–actuarily, if not politically–easily fixable. The big problems are with workplace pensions and retirement accounts. As everybody knows, the corporate pension system that evolved after World War II is on its last [...]
I’m not saying you should ignore cars and gas, but I always love playing with the numbers in reports like this. The headline is that retail sales were down 2.8% in October, the worst one month decline since this particular economic series was launched in 1992. That historical fact is not quite as ominous as [...]
In the comments section of another post, Curmudgeon57 writes: “I’m not sure it was that everyone [investors, banks, etc.] ignored risk because they thought that the government would step in. I just think they ignored risk.” That reminded me that I somehow forgot to promote this story I wrote for our magazine’s Global Business section. [...]
