(9 am. – promoted by ek hornbeck)
Crossposted from Antemedius
(four months after their debut album was released)
March 6, 2009
(forty years later)
General Motors yesterday warned it would go bust within 30 days unless the US treasury swiftly gives it a further multibillion-dollar loan. The dramatic warning from America’s biggest car group came after its auditors, Deloitte & Touche, raised substantial doubts about its ability to continue as a “going concern”.
It coincided with an admission that GM paid Rick Wagoner, its chief executive, $15m last year – mainly in now-worthless stock options – despite losing almost $31bn. This year he will be paid only $1.
[snip]
The White House said it was “working round the clock” to produce “the most thoughtful approach possible to the situation”.
It’s getting tough out there.
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what time it is, or how deep in sh*t we are?
lingers in my mind.
The moon landing in July (which some argue never happened).
Woodstock.
500,000+ U.S. personnel in Viet Nam. Hundreds of KIA each week.
I made $3.50/hour working in a factory that summer…great money. Got lots of overtime too.
Zodiac was active in the S.F. area.
Seemed like the 1960s would never end.
Here’s what Roubini and Taleb had to say about the economy for the next year to two. But, the CNBC’ers, CEO’s & other Wall St. types are still in total denial: (couldn’t get the video to embed for some reason)
Dr. Doom and the Black Swan interview
that we’re just digging a deeper and deeper hole.