I was reading a forum totally unrelated to investing today (Cigar Aficionado if you must know), and someone posted the joke below. I just thought it was funny considering all the politicians blurting out how many billions are needed for this bailout… and that stimulus plan… and that bridge to nowhere… well, you get the [...]
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It looks like America isn’t the only country bailing out its industries these days. Recently the Italian government announced that it will be purchasing 100,000 wheels of parmigiano cheese to aid struggling producers. Cheese makers are having trouble turning a profit because of rising costs and a lack of pricing power. Ahh… if only all the [...] |
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Should The Government Bailout GM?
Shares of General Motors Corp. (GM) have plunged to levels not seen since World War II as investors fear the U.S. automaker will fall into bankruptcy. Sales at the company have fallen off a cliff in recent months due to tightening credit availability and consumers reining in spending. As GM hemorrhages cash to the tune of $2 Billion per [...]