Nov 11 2008
Welcome, ladies and gentlemen, to another installment of Manufacturing Monday. Today we are going to cover something that has been in the news lately, General Motors. Well to be exact, the potential bankruptcy of GM, and what it could mean to you. For many, this is a non-issue, who cares about another car company and a failing one at that? But indeed, it may just be that a collapse of GM could be worse than that of Lehman Brothers and AIG. Of course we’ll cover, as always, the economic indicators for the past week and what they also mean. So without further adieu, the Numbers!
Oct 24 2008
Man oh man, if there ever was a prime example of a revelation of the greatest flaw in libertarian economic theory, it had to be Alan Greenspan’s speech. For those not in the know, the former Federal Reserve Chairman spoke before a Congressional committee yesterday. Long one of the grand proponents of laissez fair capitalism, his decisions, ironically, probably has lead to the complete discrediting of such economics.
Oct 20 2008
Happy Monday, folks, I do hope you all had a good weekend! Welcome to another installment of Manufacturing Monday! Now things are looking bad out there, as many of you probably already know. We start out with more dire jobs news at GM. Turning to some good news, it seems economic forces that made us “costly” has now turned the tables of sorts, with ironically the biggest pusher of China, Wal-mart (or is it Walmart? I’ve seen this store both ways.) forcing suppliers to look domestically. Lastly, we got Honda moving more work to North America. But first, as is par for the course, we get to the latest economic info related to manufacturing. So without further adieu…
Sep 17 2008
Can’t sleep, been thinking about the price of oil, worrying about it to be honest. Now you may be thinking “Venom, what are you crazy? A putz? A drop in the price of oil is a good thing!” And I would reply, yes, under normal circumstances it is. But these days, things ain’t so normal. Actually, right now, oil is up since yesterday, but it’s been in a slide for the past week or so.
Sep 16 2008
(Editor’s note: My sincerest apologies, I had planned to post this thing up this morning. But alas, my hard drive with the notes ended up saying it would mimic John McCain’s economic plan, and collapse on me. Several hours later looking for a hard drive and attempting to reinstall Vista, I’m up and running. So this is an abbreviated version of what I had planned. Once again, sorry, rest assured I will make up for this. )
Right now, you probably have heard that Lehman Brothers is no more, and the Merrill Lynch is now a vassal of Bank of America. Well things on the manufacturing side ain’t looking that great.
Sep 09 2008
While Larry Kudlow and the rest of the neo-con Kudlowites are telling you the economy is Goldilocks, reality is trying to remind us that things aren’t so golden.
Sep 08 2008
Greetings everyone, I hope your weekend was fantastic. Welcome to another edition of Manufacturing Monday! Some exciting and interesting stuff to cover this week. First the big time strike happening at Boeing. Then theres computer maker Dell looking to sell of ALL of it’s factories, and finally could Saudi Arabia claim to be Mecca of solar energy beside crude oil??
Sep 07 2008
Folks, it seems as if everyone’s favorite Georgian President is spoiling for a Round 2 with Moscow.
Despite the presence of Russian troops on Georgian soil, President Mikhail Saakashvili said the West would help his country regain control of South Ossetia and Abkhazia, the separatist regions of Georgia recognized as independent nations by Moscow last month.
“Our territorial integrity will be restored, I am more convinced of this than ever,” Saakashvili said in a televised appearance. “This will not be an easy process, but now this is a process between an irate Russia and the rest of the world.”
“Our goal is the return of our territory and the peaceful unification of Georgia,” he said.
– excerpt from “Georgian president vows to reclaim 2 provinces “, AP, 2008
You know, I felt bad about what happened in Georgia. Tbilisi’s top man should have known better than to try and call Moscow’s bluff. Washington should have also known better than to egg on Saakashvilli. Nobody ended up a winner in this, well maybe Gazprom, but who knows I’ll defer to Jerome a Paris on that.
Sep 04 2008
Tonight the Republicans nominated their candidate for President. We heard them all speak. They pulled no punches, that is for sure. Yet it isn’t what they said that intrigued me, it’s what they didn’t say!
The Republican Convention in one second.
One could summarize the whole three days with these lines:
- John McCain served in Vietnam, got shot down, and became a POW
- Terrorists could still strike us, watch out!
- The Democrats will raise all your taxes, and you will lose your livelihoods.
- Energy independence will come at the tip of a an oil rig drill.
- Cutting spending on social programs equals freedom.
- Liberals love to kill babies.
- Oh…and John McCain was a POW.
Sep 01 2008
By now, Hurricane Gustav is ravaging the great city of New Orleans and the surrounding Gulf Coast. Our hopes and prayers goes out to the good folks of the area. Well you probably have guessed, that Johnny Venom would’ve found the economic angle on all this. Rest assured, fellow Kossacks, I won’t let you down! But once again, I do hope for the best for the folks aflicted by Gustave.
Aug 31 2008
The situation in Pakistan is getting worse, there is no other way in saying it. While the politicians squabble (both in Islamabad and here), the former warlords that ruled neighboring Afghanistan are now assuming more influence. Slowly, but surely, the Taliban will gain a foothold and then their own fiefdom once more if nothing is done. While we are “winning” in Iraq, we are losing in Afghanistan and Pakistan.