Word: plan
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...Ford (F) have also been singled out because they willfully refused to prepare for the demand for fuel-efficient vehicles. Management at these companies went for the easy money by building large SUVs and pick-ups when fuel prices were low. That was hardly a good five-year plan as the results of the last several quarters have proven. (See pictures of the global financial crisis...
...newspaper industry is in grave trouble even though internet initiatives have had some modest success. But, the New York Times chose to keep a number of newspaper properties which have been in trouble, notably The Boston Globe. Investors should want to know why the board did not demand a plan for restructuring the company. The easy answer is that the founding Sulzberger family controls enough of the voting power of the board so that actions by other members could have been ineffective. That does not mean that the board should have given up its fiduciary responsibilities. Members who believed that...
...beginning to wonder if anyone reads basic economics anymore. It has been widely understood for centuries that government does not create wealth; it merely redistributes it. The stimulus plan can be summarized as follows: we are going to borrow a trillion dollars from foreigners and spend it on a mile-long list of pork-barrel projects that we don't immediately need (or else we would have found another way to pay for them) and hope this gets us out of the recession. Stimulus won't solve the fundamental economic problems of this country: decades of low savings coupled with...
...year ago. The cause of concern is clear: despite the government's passage of a $65 billion stimulus package, Germany entered its third straight quarter of recession in January. This month, German unemployment shot to 8.3%, from 7.4% in December. (See which country has the best bailout plan...
...Europe remain wary of the potential ramifications of a shift back to protectionist policies. When the U.S. House of Representatives added a protectionist clause to President Barack Obama's proposed $819 billion stimulus package last week, Europe cried foul. The clause would require infrastructure projects covered under the plan to use American-made steel. Moves are also afoot in the Senate to extend that "buy American" steel requirement to other construction materials covered by the package - causing tempers to flare in Europe. "A dangerous new steel war is looming, and we need to counter it with strong and decisive actions...