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Chrysler, now a beat-up veteran of the economic wars, abused and neglected by an apathetic consumer market and an unloving and out of touch board and CEO is facing a major amputation.  The chronically unhip auto manufacturer is having its Born on the Fourth of July moment – facing the shuttering of nearly a quarter [...]

Chrysler is finally getting hip with what the kids are into these days. During times of recession, nothing is cooler than being poor, so for a corporation to file for bankruptcy is about as radical as grinding a serious new rail would have been in 1986. As we posted earlier, Chrysler doesn’t exactly have a [...]

Chrysler -  the car company best known for a skyscraper that’s sleeker and more cool-looking than any car they’ve ever made – could be looking at filing bankruptcy as soon as next week. At least, that’s what the New York Times reports, and they should know, since they’ll also be bankrupt by the end of [...]

Good girl, Lassie! You found our money! After months lost in the woods, some of our money has begun to find its way back home – thanks in part to the world’s largely ineffective leaders meeting and agreeing to give a trillion dollars to two of the world’s most ineffective institutions, the World Bank and [...]

Obie One committed a bit of a faux pas last month when he presented Prime Minister Gordon Brown and his family with an array of welcome gifts that could have easily been purchased at Dollar Tree. So, to avoid further egg on the face, or puke in the lap, in the grand tradition of Bush [...]

At the meeting of the world’s 20 largest economic powers, President Obama and China’s Hu Jintao came to a landmark agreement as part of China’s second economic stimulus package. The Chinese leader announced his government would be implementing measures and programs to invest in a new “self-contained” economic program for the communist country that would [...]

Wow – surprising news on a Sunday night that we didn’t have to hear from the mouth of a crusty old 60 Minutes anchor. Obie One has apparently decided that GM and Chrysler’s plans for ‘viability’ – the equivalent of a doctor’s note that the car companies had to turn in in order to get [...]

AIG’s Jake DeSantis is a self-righteous wealthy person who likes to remind us how hard he works. This reminds us of numerous Hollywood stereotypes designed to make us dislike various wealthy characters so we can root for the plucky young working class hero. And that makes us really hate Hollywood for getting inside our heads,  [...]

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Been focused on the global economic meltdown over the past many months? Been busy watching the value sucked out of your 401k and your prospects for retirement morph from visions of crystal blue waters and tee times into the dull navy shade of a Wal-Mart uniform and clean-ups in aisle six? We can’t blame you, [...]