Thursday, October 23, 2008

Hot Mess

I know we all knew this was a hot mess, but I just had to write it. It is really unfortunate, but again, if we mess up we lose. These companies, GM & Chrysler and so on, have messed up and should deal with the consequences. There is no one to save my ass so why do they think they can force the federal government with the guilt of having the responsibility of pension obligations. This doesn't guarantee that these companies are not going to mess up and that the Federal Government is not going to be responsible in the end. I just don't understand why this is going round and round. Everyone is losing money, decisions need to be made by now.

Tuesday, October 21, 2008

Kirk Kerkorian Gave Up

Kirk Kerkorian is a billionaire who is known as "one of the important figures in shaping the city of Las Vegas, Nevada." He planned on Ford back in April, especially with the loss the motorvehicle industry has suffered due to the increase in oil prices. The current economic situation has pushed Kerkorian to sell his shares for one third of what he paid. He gave up. It looks like there is no hope insight. I wonder if Ford, Chrysler or GM will be around if they don't get the help they seem to need from the US Treasury.

Monday, October 20, 2008

Drame De La Journée

News of the day: GM doesn't have all the funds to buy Chrysler. The economic drama continues. Also, in today's news, pictures of the the movie Cadillac Records have been released. The film will focus on the "rise and fall of Chess Records" where Elvis Presley, Etta James, Chuck Berry and several other artist came from. Beyonce Knowles is a producer on the film and will play Etta James. There is some controversy regarding this depiction of the truth http://latimesblogs.latimes.com/the_big_picture/2008/10/chess-records-m.html The drama never ends. Nonetheless, I can't wait for the film. It comes out December 5, 2009.




Sunday, October 19, 2008

Saving Money Through Efficient Management

Many businesses lose sight of the big picture and lose lots of money because they think that if they create positions with multiple responsibilities it will cut expenses. From being one of those people who have been responsible for more than my share, I most certainly able to testify this truth. In the long run the job is not done to the best of the individual, department or companies ability. The work does need to be spread out to those who do have the skill or specialize in the whatever the task or goal. "GM realized a 30 percent reduction in chemical use and a 30 percent reduction in its cost of purchased chemicals and associated management activities" by sticking to what they know; vehicles. They allowed a chemical management services provider to take on the task of managing chemicals. I wish others would take a hint.

Wednesday, October 15, 2008

Completely Gratuitous. Okay maybe not.

Today is my birthday and I have decided to focus on a company that has been around since 1941; Coach. They are an American brand that crosses all levels of income just as GM does and has an “all American style” from wallets to bags to jewelry to footwear. As an American company, their quality is unmatched.

Unlike GM, they are just beginning their global journey, starting with Japan. They have “over 900 department store locations in the US, 167 international department stores; retail store and duty free shop locations in over 20 countries, 149 department store shop-in-shops and retail and factory store locations operated by Coach Japan, Inc.” This quarter they have lost just as many businesses around the world are losing.






Just as cars are a luxury; a Coach bag is of equal comparison to many. There is a sense of pride and status with each design. They thrive on classics and classics with a twist. Meet the New OP ART INLAID LARGE LEATHER...JULIANNE:




Yes, she absolutely beautiful. She is on my birthday list. I have already started the campaign for this classic timeless beauty. The equivalent of a Cadillac, it is an experience like no other. She represents, "Life. Liberty. And The Pursuit."

Is the Union Really Helping or Just Talking?

First GM went to Ford. Now it looks like they are getting further with Chrysler to save the companies and merge. The Union leaders say that they oppose the merger if it will cause a loss of jobs. Business is business and I don't mean to be harsh, but either way people are going to lose jobs. So the Union reps are really not protecting anyone. They're just talkin' out their ass.

Monday, October 13, 2008

Bargain Shopping This Holiday Season During an Economic Downward Spiral

In my finance class, we learned about vendors and credit and net 30 etc. All businesses run this way. No one pays for anything in cash from the manufacturer to the vendor to the business to the customer. Its like lay-away, but not so much. I really can't tell, but I am curious to see what the Holiday season will play out like during an economic downward spiral. Will we get flat screen tv's at phenominally low prices? or Will it be too much for middle America to afford? While plants are shutting down at GM, does that mean we can get cars at a much cheaper price during the holiday season because they need to make room for the newer models which will be more valuable being that there are so few. I may not shop for a car, but I think there are going to be some truly unbelievable deals and I am saving up just incase Santa's gonna allow it to be one of the last best Chistmas' ever!

 
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