Archive for August, 2008
It’s the unions, stupid
Friday, August 1st, 2008News is rippling through economic circles today that General Motors lost $15.5 billion in 2nd Qtr 2008. While losses were expected, perhaps no one expected such heavy losses.
GM said that $9.1 billion of the losses were from one-time charges and writedowns . . . still leaving them more than $6 billion in the red.
To put [...]