Earlier this week the Obama administration, now the effective owner of the U.S. automobile industry, put Detroit on notice that it has 30-60 days to come up with a believable plan to “restructure” itself or it goes into bankruptcy.
Events are moving faster all the time. Some are highly visible such as the falling stock markets, the steadily rising unemployment numbers and the drumbeat of global gloom and doom emanating from the media.
F.C. Businesses Failed to Clear Sidewalks of Snow Editor, On my drive home from work Thursday night, January 29, I noticed two people walking out on Broad Street.
Our wish has been granted for we are indeed living in interesting times. The world’s economy is either collapsing or is putting on a very good imitation of doing so.
I hate to keep coming back to cars, but in the last hundred years they have come to be one of the most significant facets of civilization – yet their future is in doubt.
If you don’t understand what is going on with the price of gasoline and demand for the world’s oil supply, then join the club.
For weeks now the stock markets and commodity prices have been falling. Oil is currently trading around $76 a barrel which is close to a 50 percent drop since the middle of July.
We are witnessing one of the most eventful weeks in modern history. Stocks and oil prices plunged on Monday and bounced on Tuesday; credit markets seem to be freezing; the Congress remains in gridlock as members watch the approaching elections fearful of what could happen to their incumbency.
Missed Opportunity At 1:39 a.m. last Thursday morning, the special legislative session on transportation called by Governor Tim Kaine ended.
Transportation Session The General Assembly continues to struggle with the transportation issue in Special Session. We are currently scheduled to be in Richmond on July 9th for a last ditch effort to achieve agreement. I am proud to say that the Senate Democrats, on a party-line vote of 21-19, have […]