Tag: bankrupt

Insight: GM’s Volt: The ugly math of low sales, high costs | Reuters

~ Pharmer

Since it costs about twice as much to build a Chevy volt, than the base price which GM charges, the taxpayers will be paying 49,000 dollars for every volt on the road. They already pay aout 7,000 dollars for government subsidy of each customer purchase.
As you know, the Chinese government is subsidizing the production of the cars over there, but production is likely still at a similar loss.
Be aware that the losses incurred by the GM plants in China will fall on the American tax payers in the next bailout.

Are you feeling green today?

Insight: GM's Volt: The ugly math of low sales, high costs | Reuters.

Bain Says a Third of Universities and Colleges are Going Broke

~ Pharmer

BAIN_BRIEF_The_financially_sustainable_university.pdf (application/pdf Object).

Click above for Bain’s analysis and advice for colleges and universities which are facing the financial crunch of bloated infrastructure liabilities. and  fewer students able to pay the ginormous tuition.

Have you been watching the construction at your nearest educational facility over the last two decades?  Did you see cutting edge architectural wonders with soaring entryways and huge heating and cooling liabilities?

With the economy in collapse, private contributions and federal and state funding being pinched, the higher educational institutions are in DEEP DOO DOO.  Like so many others, they built houses that they can’t afford.

Pharmer sees universities receding, and the smaller private and online educational institutions taking over, as people look for more immediate value in their education.

The World’s Biggest TICK Sucks Up MF Global Bonds

~ Pharmer ~ 1 Comment

Scavenging Soros: Market Speculator Buys Up $2 Billion of MF Global’s Debt | Video | TheBlaze.com.

Remember that  hedge fund investment company that Jon Corzine destroyed?

George Soros knows how to make money by buying the debt of MF Global.   He has gotten around $2 billion dollars of  the European portion of the bonds.

Investors tend to follow the moves of Soros,  (picture a cluster of ticks sucking from the same site), so what he does has a magnified influence on markets.