“Who wants to have a gas-guzzling dinosaur in his garage? Think of the gas bills!” - George Romney, April 6, 1959.
Small was big in 1954 and one U.S. car maker got it right. Not GM (GM), not Ford (F), not Chrysler. The car company that saw the future, but never lived to see it, was the now dead American Motors. (Triumphant trumpets blow). Toward the end, they produced some of the ... read more
Real definitions, with a little bit of “Unknown History” [that means we’re kidding, at least sort of] and apologies to Dick Fuld, Dunkin Donuts and anyone who knows the truth!
The Federal Reserve Discount Window
REAL: Commercial banks use the discount window to borrow money overnight from the Federal Reserve in exchange for collateral when they are unable to borrow funds from other ... read more
Last week the Labor Department reported the nation’s unemployment rate jumped to 6.5% in October and this morning weekly jobless claims spiked to the highest level since September 2001.
With layout headlines coming fast and furious, we want to know, are you afraid of losing your job?
... read more
First it was Fannie Mae, then it was AIG, followed by a massive $700 rescue plan.
Now it looks like Detroit's auto makers are in need of some cash from Uncle Sam. We want to know, do you think General Motors, Ford and Chrysler deserve a bailout? ... read more
By Joanna Ossinger
A lot of people have been saying that the markets will go lower if Sen. Barack Obama is elected President because there are concerns that his policies will be detrimental to the economy, but who ends up occupying the Oval Office may not matter as much as some think.
For one thing, presidents often govern more to the center than they campaign – and sometimes even cross ... read more
The FOMC slashed interest rates again today to 1.0% hoping to shore up consumer confidence and prop up a sagging economy.
Did Fed Chief Ben Bernanke and his peers right by cutting rates?
Countdown to Election: Join us online on Election Night as we host full coverage of what's going on at the polls, swing states and the candidate's headquarters. Cheryl Casone will take your questions ... read more
Ever since Congress passed the historic $700 billion rescue package earlier this month, more sectors are running to Uncle Sam with their hands open.
Which industry do you think is least deserving of government intervention?
-Auto industry
-Insurance industry
-Financial institutions
-Mortgage holders
Countdown to Election: Join us online on Election Night as we host full coverage ... read more
To help combat the global credit crisis, the government is considering taking ownership stakes in troubled banks. Is this wise or just more unnecessary government intervention? ... read more
It’s been a whirlwind of non-stop financial news for the last several weeks.
Iconic investment firms fell, banks failed and Congress passed an historic bank rescue bill. Media outlets have been working non-stop to try and bring citizens reliable information to act on.
But no one's perfect. We want to know what stories you think have been missed or weren't covered adequately. ... read more
December 10, 2008 05:20 PM EST
Nash and Hudson Got it Right; GM, Ford and Chrysler Got it Wrong!
“Who wants to have a gas-guzzling dinosaur in his garage? Think of the gas bills!” - George Romney, April 6, 1959. Small was big in 1954 and one U.S. car maker got it right. Not GM (GM), not Ford (F), not Chrysler. The car company that saw the future, but never lived to see it, was the now dead American Motors. (Triumphant trumpets blow). Toward the end, they produced some of the ... read more
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