update: Today, a few newspapers trying to interpret Obama’s remarks on the auto industry make me feel like the President’s auto task force is planning to do exactly what I wrote on November 30th, 2008. Searching Google News you’ll find numerous articles claiming that Obama wants to split General Motors into a “good company” and [...]
Entries from November 2008
November 23, 2008
Crude oil prices dropped below $50 per barrel hitting a three-year low
crude oil prices 1998-2008
Crude oil prices hit a three-year low recently and dipped below $50 per barrel for the first time since May 2005. Who could have imagined such a turnaround earlier this year? Obviously, everybody was surprised by the magnitude of the financial crisis that is on the verge of sparking a global recession.
Though [...]
November 16, 2008
WORLD ENERGY OUTLOOK 2008 – “What we need is nothing short of an energy revolution”
Energy is the topic of our times. Energy issues have an effect on every part of this planet and on every person inhabiting it. We need energy to run our cars, heat and cool our homes, use our computers, illuminate houses and streets and to do lots of other things we either cannot forgo or [...]
November 9, 2008
Capitalism will survive: Why America will remain the #1 global superpower
[take a look at the updated version of this article on http://www.whatmattersweblog.com/2009/02/27/capitalism-will-survive-why-america-will-remain-the-1-global-superpower/]
Who’s to blame for the current economic crisis and anything else which is in a mess right now?
Exactly! Corrupt bank managers, investment bankers and generally all the people who are involved in finance. That’s a growing sentiment supported by politicians who prefer calling greedy [...]
November 4, 2008
History being made – a once in a lifetime election
Today’s election has definitely captured the attention of the whole world. There is a lot of excitement within and without the United States. Looking at the latest polls, it is likely that Senator Barack Obama wins with a comfortable lead over Republican John McCain, though polls can never be relied on. Nevertheless, I am sure [...]
November 3, 2008
Crucial weeks for General Motors
Executives in the Renaissance Center in Detroit, GM’s headquarters, are having lots of work right now. The once largest car maker in the world is losing about one billion dollars a month and the company is expected to change decisively over the next few weeks and years or disappear. On the one hand, GM is [...]
November 2, 2008
Has Palin kicked herself out of the race?
The Alaskan governor and Republican Vice Presidential nominee Sarah Palin appears to have proved her greenness in a very embarrassing way. On Saturday, she received a prank call from a Canadian comedian who pretended to be French President Nicolas Sarkozy.
Though the comedian spoke obviously in a ridiculous way and asked outrageous questions, Sarah Palin didn’t [...]
November 1, 2008
on the global crisis
Right now, you can find extremely changeable conditions wherever you look. Lots of volatility on global stock markets. Oil prices having fallen more than $35 this month. The U.S. GDP has fallen 0.3% in the third quarter after consumer spending declined. Net incomes are declining. No one doubts that there’ll be at least two consecutive [...]
