Archive for May 16th, 2010

GM And The Unions: Some Things Never Change

Remember how much more competitive GM was going to be coming out of bankruptcy. Aside from shedding a lot of its debt and attendant costs, the company was going to emerge with a competitive labor cost structure. Turns out that it didn’t quite happen that way. From the WSJ: Three years after General Motors Co. […]

Greece, The EMU And Hard Choices

Ambrose Evans-Pritchard is always a worthy read when it comes to European economics and the serial crises of the past few years. He has a column today which neatly encapsulates the events of the past week and then offers this bit of opinion as to a near-term path: There is a way out of this […]