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Smart Shopper Stories from the Sales Frontlines
48066 messages, Last post on Dec 04, 2009 at 7:08 PM
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Replying to: fezo (Dec 09, 2008 5:52 pm) |
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Replying to: jipster (Dec 09, 2008 10:42 am) |
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Replying to: fezo (Dec 09, 2008 4:12 pm) |
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Replying to: fezo (Dec 09, 2008 4:12 pm) Sorry Fez, but it doesn't get much better than to reach 91, with what seems to be a pretty good life. |
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This just happened in our town: The Hamilton Spectator (Dec 10, 2008) Police are trying to figure out why a Hamilton man went on a rampage at a Burlington car dealership, plowing into cars and smashing through the front door. "He was sober, and there was not a mental health issue with him," said Halton's Sergeant Brian Carr yesterday. Just before midnight Monday, a man drove a Mazda pickup into the Roseland Volkswagen dealership on Guelph Line and used it as a battering ram to smash into five cars. He then gunned it at the building and crashed through the front doors but became stuck. He managed to jump out and went around the lot urinating on cars before returning to his truck. "He reached inside and pulled out a bottle of Champagne and a glass, climbed up onto the roof of his truck, dropped his pants and committed an indecent act," Carr said. Then he started throwing debris at a witness before police arrested him. The Hamilton man, 36, has been charged with mischief over $5,000. I don't want to buy one of those cars he peed on! 
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Replying to: fezo (Dec 09, 2008 4:12 pm) I wasn’t out a few days but I was out last night so I’m catching up too. Sorry to hear about your father but it sounds like you gave him his last wish. It takes a good family to do that. Someone mentioned the “memories”; they never die because we won’t let them. My thoughts, jmonroe |
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Replying to: driver100 (Dec 10, 2008 5:19 am) |
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Hope all the media reports it like this and quits lumping us in with the other two. THE AUTO INDUSTRY BAILOUT December 10, 2008 - 12:01 am ET UPDATED: 12/10/08 12:20 a.m. Agreement reached on $15 billion plan to rescue GM, Chrysler WASHINGTON (Reuters) -- The White House and congressional Democrats on Tuesday night reached an agreement in principle on a $15 billion proposal for bailing out U.S. automakers and forcing them to restructure or fail, officials said. Bush administration official and a Democratic leadership aide said the outline covered key points but final issues needed to be resolved and put in writing. Democrats have arranged to have the House of Representatives vote on a bill as early as Wednesday and send it to the Senate for consideration. President George W. Bush and President-elect Barack Obama were both urged by a key lawmaker to help rally support by Democrats and Republicans for the pending measure. "Bipartisan hard work has paid off," said Democratic Sen. Carl Levin of Michigan whose home state headquarters General Motors, Ford Motor Co. and Chrysler LLC. "I understand an agreement has been reached," Levin said in a statement. The bailout is designed to allow GM and Chrysler to avert threatened bankruptcy through March with short-term loans. Ford Motor Co. is not requesting immediate help but would like a $9 billion line of credit in case its finances worsen. The parties that negotiated the tentative deal agreed last week that the money would come from an Energy Department fund established in September to help Detroit make more fuel-efficient cars. Proof of viability The administration official said the negotiators satisfied the key White House concern in the talks that companies receiving aid obtain the necessary concessions and make other changes to prove they can survive and compete. In addition to providing loans, the proposal would force automakers to answer to a presidentially appointed trustee -- or "car czar" -- and make the government their biggest shareholder. The overseer will have powers to shape a restructuring of the companies, withholding further loans if progress toward a turnaround stalled. A major provision would permit the czar to recommend a bankruptcy restructuring if companies borrowing money fail to obtain the necessary concessions. Some Republicans wanted some sort of bankruptcy option included as an incentive for labor and other stakeholders to agree on givebacks. The administration still opposes a Democratic bid to force automakers to drop lawsuits against California and other states seeking to cut auto emissions and other greenhouse gases. The administration official said it was his expectation the bill will not succeed unless that provision is struck. Another issue raised by Republicans was the use of taxpayer money in the case of Chrysler, which is owned by private equity firm Cerberus Capital Management LP. During the talks, Democratic aides said the administration resisted a bid to hold Cerberus liable for repayment if Chrysler defaulted on any loan. It remains unclear if that matter still needs to be clarified. Filibuster scenario Democrats control Congress and were expected to be able to muscle a bill through the House. But it was unclear if Republicans could stop a measure in the Senate with a procedural roadblock that requires 60 votes to clear. "Ball is in the Senate Republicans' court," said Jim Manley, a spokesman for Senate Majority Leader Harry Reid, a Nevada Democrat. "There is no word yet whether they will give us consent." A spokesman for Senate Minority Leader Mitch McConnell, a Kentucky Republican, said he would decline comment until he saw the bill. An auto bailout has evoked competing emotions in Congress. Lawmakers fear if automakers collapse, it would deepen the U.S. recession. But many say market forces, not a government saddled with a record deficit, should determine their fate. There also is reluctance to provide another federal rescue in the wake of the voter backlash against Congress for its passage of a $700 billion bailout for Wall Street in October. At the same time, many argue that if Congress provided relief for millionaires in the U.S. financial industry, it should also help blue-collar autoworkers facing unemployment. A poll by CBS News conducted last week found Americans split on whether taxpayer funds should help automakers. But more than 65 percent said in exchange for any aid, the government should have a say in the automakers' management and require more fuel-efficient cars.
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Replying to: driver100 (Dec 10, 2008 5:19 am) No mental health issue? Uh.... a normal person does not do this!
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Replying to: fezo (Dec 09, 2008 5:52 pm) I was thinking last night about how some of the long time posters here seem to have become friends. Yeah, we fight every once in a while. But, overall I can say that all of you have made tough times just a little easier to bare. joel, while I don't think the "bailout" plan has enough teeth, it's probably a compromise we can all live with. If nothing else, the CEOs have received a big dose of well deserved humility. A month ago, their arrogance was just off the charts. Let's see if they keep their jobs. Let's also see if these companies can finally put themselves on sound product and financial footing. I think in the end, anything that restores confidence to the American public is a good thing. I only wish the financial markets would adopt a little of that humility. Right now, I don't have any confidence in any of them....that they're ready to do things that are right. The way I see this playing out, Chrysler has no choice but to merge, AT NO COST, with GM. Daimler and Cerebus have to take the bitter pill. It was their fault that they put chrysler in the predicament they're in. GM, as they've admitted (which is something Chrysler should do, also), needs to step up their quality, while providing products that people want. I think it's obvious that Pontiac is going away. Probably Saturn, too. Jeep may survive. Don't have much hope for the Chrysler or Dodge brands. Ford, as bad as things are, seem to be sitting in the best position. If they can right their ship, without tapping into the lines of credit, they'll be better off. Toyota has spent way too much time and energy trying to usurp GM. I don't think the worst times are behind them, yet. Honda seems to be staying the course. That's not a bad thing. All the rest, European brands, Korean brands....all of them are going to suffer along side the Detroit brands. Again, a little humility would go a long way in righting their ships if they want to continue success in the U.S.
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