Tuesday, November 25, 2008

Bailout Nation


Citi is getting bailed out now?


A voracious government and a nation of sheep.

Who is being led to the slaughter?

Tuesday, November 18, 2008

No Bailouts for Car Manufacturers

Are you serious? We are now considering bailing out the auto makers? Ridiculous. A quote:

"We are willing to provide full financial transparency, and welcome the government as a stakeholder -- including as an equity holder," Robert Nardelli, the head of Chrysler, said in his testimony.

"The Government" is YOU and ME. That's our money.

I'm not afraid of your bogeyman.

If your business can't survive on its own, it is a bad business and it deserves to fail.


Monday, November 10, 2008

Starbucks Profit Down 97%

At least there is SOME good economic news coming out of Wall Street. If the credit crisis manages to take out Starbucks, it may have all been worth it.

Starbucks 4th-quarter profit falls 97 percent on costs for closing stores, slow US sales

Fewer U.S. customers and venti-sized costs for closing poorly performing stores led to lower sales and profit in the fourth quarter at Starbucks Corp., the company said Monday.

The quarter's results came at the end of a transition year for the coffee retailer, in which former Chief Executive Howard Schultz took back the reins of the company to again fill the CEO and chairman posts. Full Article