I see the UAW is shedding 63,000 more jobs.  BUT they aren’t cutting benefits.  There is absolutely no doubt the UAW cannot fund the retirement commitments they have made as the incoming cash flow is declining precipitously.  That is why they are accepting stock.  Specifically, this will ultimately get dumped on the federal government (read […]

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With the collapse of real estate and the stock market I find it interesting to note no one seems to be talking much about the status of retirement accounts.
You don’t have to be a rocket scientist to infer that if you are relying on a corporate pension it may be at risk.  Actually I guarantee […]

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Listening to the radio talking heads on the conserviative side is depressing.  They continue with the rant of anti gay marriage, strong borders, no abortions.  While these are important issues, the real issue for everyone is the economy and the future of their children.  Letting the Christian right continue to make social issues a political […]

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Watching and researching this economic collapse, investor bailouts, TARP programs and the like is resulting in my having to question my core beliefs in free markets and capitalism.  I used to love FOXNEWS and now find it so revoltinly biased I can no longer watch it.  it is been completely cumbed down by Sean Hannity […]

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