Right you are.
"At this point, we are considering all options for the Hummer brand,"
Wagoner said. "Everything from a complete revamp of the product lineup
to partial or complete sale of the brand."
No possible buyer has been named for the division, which was for a few
years -- when gasoline cost less than $3 a gallon -- one of GM's
strongest. Last week, GM stock hit a 26-year low, falling to $17.38. At
11:15 this morning, the stock was unchanged at $17.43.
But, have you not noticed the destruction wrought? The lack of any
standards or accountability for securitizing sub prime loans springs
immediately to mind. That little fiasco is going to dwarf the S&L
cleanup in scope.
It also seems likely that if the government had pushed SUVs with the
100% write down on up to $100K that that little bubble wouldn't be
bursting so large now.
Capital markets benefit by sensible regulation. '29 springs to mind.
Thats why post credit meltdown, that the Fed is now inside all the large
investment banks, watching...
A buddy and I went to the New York car show earlier this year and GMs
entire focus was on big, piggy fluffed up trucks. We asked their
representative if he didn't feel silly offering such vehicles and he
told us that GM had made big investments into alternative energy and
$1/gallon fuel from recycled tires was coming soon...
This may seem extreme to most of us living on the grid but if one were to be
living off the grid maybe using solar and batteries, this kind of stuff
makes a measurable difference. For that matter if you have a gas range and
it only needs 110V, you could put it on a wall switch and avoid modifying
I can't imagine the OP with an electric range but for some reason he
evidently does. For newer ranges with electronic controls, this would not
be possible as the clock is integrated into all the controls.
And sometimes has to be reset if/when a power glitch occurs. Darn it!
Up til now, and noting that 'modern stoves' are almost impossible to
buy without an 'electronic-digital clock/timer' have been able to
survive, from 1956 to the present, using a series of new and used
(usually donated free) kitchen cooking stoves.
However have kept a couple of old-fashioned electromechanical clocks
from scrapped stoves so as to have on hand if/when it becomes
necessary to acquire an electronic clock model!
Advantage of the older clocks is even if the power goes off for a few
minutes, the clock restarts by itself and the roast is not left
uncooked or the cake in the oven is not spoiled.
Then when next one notices just adjust the clock time if using it as a
time piece is important.
And yes; in a school and church hall cafeteria the stove clock timer
was frequently being bumped by cooking pots on the top of the stove,
oven stopped working causing frequent calls for assistance. Usually
myself! So disconnected it!
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