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General Motors (NYSE: GM) presented a 117-page plan for "viability" last night. But after looking at it, I concluded that it was "crafted" to increase the odds of getting the $30 billion loan it now claims it needs to survive. As Mark Twain said, "There are three kinds of lies: lies, damn lies, and statistics." And GM's viability plan is the third kind. Why? Its sales forecasts are way too optimistic. |
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There is nothing new under the sun in politics and history always repeats itself with devastating effect. The parallels between today and the 1930’s are bloodcurdling, yet we go headlong down a path of failed policy reminiscent of empty-headed farm animals. I guess if you spread enough pork around Washington social welfare can come to mean economic stimulus. |
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When did America lose its social conscience in regards to conducting commerce on the world stage? In the face of rising global poverty, unbridled corruption and the destruction of the Earth’s fragile environment, Congress, by ignoring its oversight responsibilities on harmful trade arrangements with corrupt governments, while failing to ratify comprehensive Free Trade Agreements, becomes culpable for the malfeasance that is eroding the U.S. and world economies. |
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It looks like America has shut down until 2009. And that's probably a good idea because there were so many bad ones in 2008. Bad ideas are like vampires. They charm their way into the good graces of a host society and then they suck the blood right out of them. |
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The Rich Roffman Show broadcasts Monday through Friday from 5-6 PM on 880 AM on the dial. Hosted by veteran publisher, Richard Roffman, the show is fast paced and features quick reports, humor, and sarcasm incorporating regular and invited guests. Imagine Mel Brooks meets the Wall Street Journal. There is a mix of live as well as recorded interviews with featured “correspondents” and guests a la Sid Caesar’s Show of Shows, The Steve Allen Show and perhaps The Daily Show. |
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Harvard's business school (HBS) has been celebrating its 100th anniversary this year. And it looks to be at the peak of its power. That's unfortunate because five of its most powerful graduates have made significant contributions to absolutely wrecking the global economy. HBS admits people who are natural leaders. Unfortunately, many of the most powerful of these leaders have followed the path of destruction. |
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