Latest News About The Coming Depression

David Rockefeller “We are on the verge of a global transformation. All we need is the right major crisis.”

Posts tagged with the keyword: ‘automaker’

IT Jobs Will Not Save The Economy: Analysts

IT Jobs Will Not Save The Economy: Analysts

The majority of western economies, for the past 20 years, have been converted over to a service based economy. While economists and think-tanks were hired to push this agenda, businessmen and politicians were busy forging international agreements like the WTO to send our goods producing industries oversees, and leaving these western countries like the [...]

Tough Times Leading Unemployed To Switch Fields

Tough Times Leading Unemployed To Switch Fields

What this article fails to dive into is that service sector positions as are described as the replacement careers are not substitutes for manufacturing as is the case for Jeff Statham. Services just redistribute wealth; they do not create it.
Excerpt

Paul Brent For Canwest News Service
Jeff Statham was hardly surprised when he received a layoff [...]

Cash For Clunkers Program Was Failure

Cash For Clunkers Program Was Failure

By Mira Oberman (AFP)
CHICAGO — US auto sales plunged 22.7 percent in September after the end of the popular “Cash for Clunkers” program left cautious consumers with few reasons to visit dealerships, industry data showed Thursday.
But the Detroit Three managed to claw back some of the share they had lost. Asian automakers had captured more [...]

Detroit Pastors Wear Handguns in Pulpit

Detroit Pastors Wear Handguns in Pulpit

By The Associated Press
Excerpt

DETROIT —  The Rev. Lawrence Adams teaches his flock at the Westside Bible Church to turn the other cheek. Just in case, though, the 54-year-old retired police lieutenant also wears a handgun under his robe.
Adams is one of several Detroit clergymen who have taken to packing heat in the pulpit. They have committed [...]

New car sales slump after ‘cash for clunkers’ ends

New car sales slump after ‘cash for clunkers’ ends

Original article at LATimes
September auto sales drop 23% from a year earlier. GM’s plunge 45% and Chrysler’s fall 43%; Honda and Toyota also report double-digit slides. Kia and Hyundai have double-digit increases.
New car sales fell in September as the predicted post-”cash for clunkers” slump dragged the U.S. market down to its lowest levels in seven [...]

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