As the ripples of the economic debacle continue to spread we will be seeing more cases like WaMu.  Washington Mutual collapsed in September and was acquired by JPMorgan for $1.9 billion. It was this nation’s largest bank failure in history.
Hopefully it will be the last such failure, but my guess is that […]

In spite of the promises by Detroit and the lavish spreads in Popular Mechanics, the flying car I was promised in the July 1957 is really no closer to a reality now than it was then.  Sure, there are some one off solutions, but honestly, who can afford to drive or fly something […]

The ‘Big Three’, General Motors, Ford and Chrysler, have spent billions of dollars in the past few years betting that the American public doesn’t really want fuel efficiency.
That sounds like a harsh statement, but look at the facts:

The Hummer
Any Denali
Chevy Suburban
Ford Expedition
Cadillac Escalade
No electric car
Average MPG by […]

In overnight trading European and Japanese stocks fell so sharply that futures of US stocks quickly lost value as to reach their maximum permissible free-fall loss of 6%.  Apparently we are not the only nation to be facing economic recession.
But we are the nation who is at the root of the global issue […]