Whilst it has seemed recently that the results of the government’s scrappage scheme has been all positive for everyone involved, it has recently come to light that partly as a result of the scheme as well as recession-hit companies reluctant to replace fleet cars has led to a shortage of and therefore a huge jump [...]
Figures released by the Society of Motor Manufacturers & Traders show that August was a bumper month for new car sales (well, relatively speaking anyway) as they recorded a 6% jump, apparently boosted by the government’s scrappage scheme. The first month to see an improvement was July where an extra 2.4% was recorded which was [...]
Whilst the Tom Tom for iphone application has been available for quite some time, it has only recently been possible as a solo driver to use it if you’ve managed to wedge the phone somewhere steady in the car or tape it to a surface. The new car kit will safely grip your iPhone 3GS [...]
Over in the US carmaker General Motors is dealing with the effects of the credit crunch on its struggling company by appearing to make some serious changes and getting rid of the ‘GM’ logo on all its vehicles – a small silver square with ‘GM’ inscribed inside it. The logo normally appears on the lower [...]
For decades now massive corporations have been establishing subsidiaries in the Caymen Islands where the corporation tax rate is 0%. This has two effects, firstly more profit, hence higher share price and more bonuses for board members. Secondly it means that tax revenues are substantially lower than they should be. This gap has been made [...]
With all the talk of ‘Green Shoots’ you would be expecting something pretty good from the world second largest sports goods maker. Well you would be wrong. How about a 97% fall in profits? Down from 169m Euros to 5m Euros. I mean 5m euros? Is it even worth running this business for a measly [...]
For some reason there has not been a civil war over the bank bailouts . I cannot understand why, it has been made clear that we have been saddled with a generation of debt and higher taxes. It is generally understood that what the bankers have done is fraudulent and criminal. So why, no riots?
You [...]
It’s a complicated isssue and one that is easily disgused because of this. However this fantastic blog makes it clearer than anyhting else I have read. The bailout money is not going to help make more loans ofr small buisness and consumers but to pay out counterparty risk (bets) that the banks took on and [...]
Oh did I forget to mention it’s in Detroit. There’s a pently out there for $1 too so always shop around for a bargin. You’d be doing the UK economy a favour as our banks own these now.
http://www.realestatebook.com/homes/Detroit-MI-USA/0-50000-price/3000-no-limit-sqft
http://www.prisonplanet.com/foreclosure-fallout-houses-go-for-a-1.html
http://www.realtor.com/realestateandhomes-search/Detroit_MI/price-na-1000/type-single-family-home/type-condo-townhome-row-home-co-op/type-multi-family-home
In a vain attempt to repay the $150bn AIG owes the US taxpayer, parts of the business are up for sale. Two problems, not many potential buyers have got any money; the ones that do are unlikely to want to buy up complex insurance business in the middle of a credit crunch.
Not surpising sales are [...]
