Two of the greatest corporations of all times face ultimate humiliation - dropped from the DJIA -
http://www.680news.com/news/business/more.jsp?content=b012469921
Only GE has been longer on the index than GM, and who knows how long they can hold on.
Buffet's bet on GE might keep them afloat, otherwise, they are as bankrupt as as church mouse.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
And Harper is giving 10 billion of tax payers money (almost $330 per every person in Canada) to GM just to support all those lazy overpaid union workers.
Quote:Yeah, ironic, innit?
Originally posted by brown_bear
And Harper is giving 10 billion of tax payers money (almost $330 per every person in Canada) to GM just to support all those lazy overpaid union workers.
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"Mah deah, there is much more money to be made in the destruction of civilization than in building it up."
-- Rhett Butler in "Gone with the Wind"
Chinese take over Hummer !.
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Sunny Leone a true Canadian DESI now back in India !.
Quote:
Originally posted by pratickm
Quote:Yeah, ironic, innit?
Originally posted by brown_bear
And Harper is giving 10 billion of tax payers money (almost $330 per every person in Canada) to GM just to support all those lazy overpaid union workers.
And Harper says the taxpayer's money is "sunk" -
http://www.680news.com/news/headlines/more.jsp?content=20090601_192213_7780
Quote from the above -
The Ontario government said it was worried the province would lose 85,000 jobs if GM was allowed to fail. Ontario has already lost 171,000 jobs since last October.
So in about 6 months, we have already lost more than double of what they are trying to "save".
And what's the guarantee that the 85,000 will indeed be saved?
Even if so, can't most of those 85,000 people not be re-trained, re-settled using the same $10B instead of pouring good money after bad?
Quote:
10 Billion / 85,000 jobs = $ 1,17,647 per job !!
They could have used that money to retrain these 85000 people
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