GM is said to be giving up its sponsorship of the Oscars for obvious reasons – it’s running out of money. And shopping malls are finding it harder to bring in customers…
August 22nd, 2008 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "gm"
Dow Jones Has Worst June Since Great Depression, American Model in Decline
The Dow Jones Industrials has had its worst June since the Great Depression. The index is down 9.4% this month, although that is not as bad as June 1930, when it fell 18%. The Dow is only 30 major companies. But in two important ways it shows that the U.S. model for prosperity over the last 50 years is in big trouble. While this certainly affects Australia, it is not entirely bad news. The first blow is the decline of GM.
June 27th, 2008 | Dan Denning | 4 comments | Continued
