General Motors is expecting a $35 billion pension shortfall that could delay share buyback or payments to shareholders, according to Bloomberg. The shortfall trumps the automaker’s market cap which fell to $33.1 billion last month.
GM which emerged …
“Of the 15 largest financial institutions in the United States before the crisis, only nine remain as independent entities. Those that survived did so because they were able to raise capital from private investors, significantly diluting existing share…
Last week in the NY Times he stated that we are suffering from the obliteration of the factual based that allows a capitalist system to function. Whether it is inflation numbers or employment stats, it is all bogus. I just happened to notice GM pricing…
The nation’s major health insurers are barreling into a third year of record profits, enriched in recent months by a lingering recessionary mind-set among Americans who are postponing or forgoing medical care.
The UnitedHealth Group, one o…
Signs of Economic Recovery: Big, Bouncy Executive Bonuses
You know our economy is rebounding when the rich are getting richer without the government’s help. Bonuses for the chief executives at 50 major corporations jumped a median of 30.5 percent fo…
Charlie educates the young
So bailing out shareholders in banks and other financial institutions “saved our civilization”.
Giving the money to the wealthy was absolutely necessary. But it would have been catastrophic to give to average people who h…
