Purported to be the party of the worker, the current crop of Democrats are putting the screws to the worker and getting away with it by slight of hand and Republican stupidity. One simple example, cash for clunkers. Who buys used clunkers and parts from used clunkers to keep their clunkers going? Sure isn’t the Read the full article…
The commercial real estate mortgage business is estimated to be $6.5 trillion. The current delinquency rate has tripled in the past six months to 2.7%. This is the highest is the past 10 years. Default rates could be a high as 30% with net losses after recovery close to 13%. This translates into $210 billion Read the full article…
In February of 2003, Circuit City issued a press release. The nub of it was this. The new CEO Alan McCollough said he was putting in motion a plan to save $130 million in payroll costs. First, scrap the commission plan and go to hourly wages. Next, can 3900 employees and shutter 10 repair centers. Read the full article…
