The long wait for financial assistance for General Motors seems to be forcing the car manufacturing giant to consider the worst case solution, bankruptcy as continuous decline in sales has left them with no viable alternative. Although GM chief executive Rick Wagoner has pointed to it as a non-viable alternative, it seems like such an option is likely to occur.
GM, in a statement to the newspaper, said the board has discussed bankruptcy, but said the board did not view it as a “viable solution to the company’s liquidity problems.”
A GM spokesman told the paper that management is doing everything it can to avoid a bankruptcy filing.
Source
It is no secret that the senate has held off disbursing funds for GM due to the number of constraints which include the transition of the US government to the Obama cabinet. But while that may be excusable, large scale auto manufacturers simply cannot wait for January to make a decision.
If ever they do decide to file for bankruptcy, the impact is expected to not only affect the U.S. but the entire world as well.
[tags]liquidity_problems, bankruptcy_filing, rick_wagoner, auto_manufacturers, financial_assistance, general_motors, gm, large_scale, us_government, chief_executive[/tags]
For people that are interested in business news, there is something on the horizon that could make you too depressed to work on your home business. It’s called Hurricane Gustav and if things go in a way that is extremely poor luck for the American business community, we could see devastation to the Gulf economy once again.
The first place that this devastation could fall is in the tourism sector and there are many reasons for this. The first is that there are many residents already vacating the gulf coast even though an evacuation hasn’t officially been called yet, the details of which can be
found at this website. With so many people leaving the gulf coast, it’s very unlikely that the coast will be able to capitalize fully on the peak period of its tourism year.
If we’re lucky in the business world, the hurricane will be dealt with in a competent way and tourism will be back to normal within a week of the hurricane hitting. If we’re not lucky however, there could be devastation on a large scale and at that point no business plan will be able to salvage this quarter for the gulf tourism industry. That could cause a downturn in a sector of the market and as we of course know from the last two years, downturns tend to be infectious in the modern economy.
[tags]hurricane_gustav, american_business_community, tourism_sector, tourism_industry, devastation, gulf_coast, business_world, business_plan, large_scale, home_business, horizon, business_news, economy[/tags]
In order to discuss telecommuting in a way that gives it the complete attention that it deserves, there are many different things that need to be done. Bloggy Biz is going to attempt coverage of telecommuting on a large scale and for that reason you can expect many of the following to appear on this blog in short order:
- Discussions of the different industries that make up the global economy and how telecommuting can be used to cut down on fossil fuel use within those industries. While there are some industries that are screwed from the start in regards to fossil fuel shortages (i.e. the airline industry), at the same time it is also important to realize that almost any industry can allow at least part of its labour force to telecommute.
- Discussions of the different statements made about telecommuting that are critical of the procedure and illustrations of how the vast majority of these statements are not true in the slightest. People that criticize telecommuting tend to have a five year old (at least) view of the practice.
- Discussions of different aspects of telecommuting, with advice on how to achieve those aspects in a way that can make your telecommuting switch a positive change in your life.
All of this and more will be covered this month on Bloggy Biz.
