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Archive for the 'Time' Tag
51 post(s) are associated with this Tag
GM: A look into the abyss
Today was a bad day at stock exchanges all around the world and it was potentially the worst day in stock market history for General Motors.
Already down about 80% from its trading range around USD 40 per share 12 months ago, the share price of the Detroit car maker today was shredded another 30% to around USD 4.7. The report from JD Powers published today that is expecting an “outright collapse” for the global auto industry in 2009 certainly did not help. And for that the writing was already on the wall when GM stopped production in some of its factories in Europe earlier this week (Today even BMW has announces a short production stop with one of his factories in the next weeks).
Let’s put these figures into perspective:
The last time GM was traded around USD 4.7 a share was in the 1950s when an average car sold for …
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AIG: Execs went on leisure retreat - Taxpayers to foot the 500K bill
If you thought there might be some business ethics coming back to today’s executives in the banking business - think again. Looking at the biggest mess in worldwide finance ever created in mankind’s history and those guys still believe its business as usual. You hear stories of so-called executives that are leaving their sinking ships with severity / separation packages worth hundred of millions of dollars - at the same time their employees are left with nothing and many particularly the younger ones looking into a very gray future.
These are seemingly the signals sent out by the cover up plans hammered through these days by governments around the world - grab as much as you can today - we don’t know if we can sponsor your fat bonuses and pays with taxpayer subsidies in the near future. And don’t be shy - a hundred millions might not be as much tomorrow and you know - you did study economics and understand what happens as a result from these FED and other interventions with regards to inflation - don’t you?
Now one of the best indications what those people think has been provided during the House’s Oversight Committee hearing on AIG today. Just a week after the government agreed to bailout the tumbling AIG with USD 85 Billion of taxpayer money, the executives of AIG went on a leisure break spending almost USD 500K on manicures, massages, luxury dinners and hotel rooms…
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Quote of the day: Politics by Fear
We would normally not quote a leading Nazi figurehead, but when this leader said the following lines he was certain that his life will soon end in the Nuremberg Trials and had no interest to palliate one of the fundamental principles of the Nazi reign in Germany 1933-1945.
The Nazis in Germany during that period were the first in recent history that have…
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Movies: Berlin Calling
Hannes Stoehr’s latest movie “Berlin Calling” tells the story of electronic music composer Martin aka DJ Icarus, who tours the clubs together with his manager and girlfriend Mathilde. Just before the release of his biggest album, one of Martin’s gigs ends in a mental hospital, and from there on his whole life is upside-down.
Martin is played by famous German DJ Paul Kalkbrenner and Berlin’s techno-scene provides the set for the movie…
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USA: Scaring people all the way around
Comedy Central’s Jon Stewart reminds us of the similarity between G.W.Bush’s big bailout speech and his Iraq invasion speech five years ago.
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Bail-Out: Fallen Masters
This is definitely our last post for a while on this topic but the video is done so well that we thought you should watch it.
Basically - in essence - what some of those responsible for the crisis might believe that will happen to them in the future. Nothing, they will just carry on enjoying your money.
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Quote of the day: Different minds
Great minds discuss ideas; Average minds discuss events; Small minds discuss people.
Anna Eleanor Roosevelt, 1884 - 1962, First Lady of the United States
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Quote of the day: Racketeering
Due to recent events last week when the US government has put up all government property and the (work of the) next two generations of American citizens as collateral to bail out a few thousand “bad apples” within the financial world, we thought the quote from MajGen. Smedley Butler below might also be a good fit for that.
Those guys in the financial world who now try to make others believe that they did not know the dangers and that they did not know that they were trading worthless paper for money just like before the great depression, have always put their greed, their profiteering and racking in other peoples money above everything and anybody else.
We are not talking about the simple employees who are…
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Animation: Uncle Sam & 911
Interesting animation of Uncle Sam talking to his 9-11 “watch dog” about getting common sense back into life and retiring the “dog” - if it wouldn’t be so fictitious after all…
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Animation: TeraClock
A great animation of a clock made of little dropping red balls.
Flash source available for download.
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