Do I love this? Last week I wrote that I thought that GM’s auditors would be faced with a quandary: they are obligated to tell the company’s shareholders whether the company is a ‘going concern’. Auditors hate being in this position because the mere suggestion of doubt is often enough to tilt the company over […]

We seem to be stuck in a remarkable twilight zone of mixed emotions, ideologies, and political calculations whenever the word ‘nationalization’ creeps into discussion. It is increasingly difficult to keep all the cross currents and strange alliances orderly. We have an, ostensibly, left of center administration desperately trying to talk down the nationalization alternative, while […]

I don’t want to wander too far into the purely political realm, but I am beginning to get annoyed at the Republican party and its attitude toward deficit spending. It’s one thing to be an ardent fiscal conservative and abhor deficits. That I understand. It would be very bad economics in the depths of a […]