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...first thing I did was to read it all over again, straight through, just to refamiliarize myself with it. Then I read it again very carefully, marking up the margins, underlining things, making notes, sort of working out the logistics - all right, if I change this in chapter 6, how does it resonate in chapter 56? And so on. I was also looking for places to add things that hadn't existed in the original book. Zombie attacks, usually...
...that GM could lose that many customers so fast. But, Rick Wagoner, recently departed CEO of the company told Congress last December that consumers won't buy vehicles from a bankrupt company. Some of the people at the hearings figured Wagoner was bluffing, trying to convince Washington that a Chapter 11 filing would bring an end to the firm's ability to market its products because customers could turn to cars made by competitors which were in reasonably good financial shape. But, most research done recently indicates that Wagoner was probably right, at least right enough that GM's sales...
...within six months. More than 8o% of the respondents said they would switch brands if the vehicle they wanted came from an automaker that went bankrupt. A third survey, this one from Rasmussen, showed that 51% of consumer said they would not buy a car from a manufacturer in Chapter 11. While the poll results are not the same, they point to a similar conclusion. GM and Chrysler will lose a tremendous amount of business if they are operating in bankruptcy...
...There is a range of numbers about how many people would become unemployed if the two car companies go into a structured Chapter 11, of worse, a Chapter 7 liquidation. (See the 50 worst cars of all time...
...Obama is a big improvement on Bush across the board, but he hasn't faced any test that measures his ability to use power," Gelb says. Indeed, Obama's approach to Iran comes straight out of Gelb's chapter on "stage-setting" - preparing the field for successful diplomacy. Obama has worked the Iran account obliquely - beginning negotiations that might make the Russians a less willing enabler of Iran's nuclear program, approaching Syria in a way that might entice that country away from so close an alliance with Iran. He also made a direct approach to the Iranian people, taping...