Thursday, September 3, 2009
WHEN TYRANNY BECOMES LAW,
REBELLION BECOMES DUTY!
Cowardice asks the question - is it safe?
Expediency asks the question - is it politic?
Vanity asks the question - is it popular?
But conscience asks the question - is it right?
And there comes a time when one must take a position that is neither safe, nor politic, nor popular; but one must take it because it is right.
- Martin Luther King, Jr.
Monday, July 20, 2009
"The accumulation of all powers, legislative, executive, and judiciary, in the same hands, whether of one, a few, or many, and whether hereditary, selfappointed, or elective, may justly be pronounced the very definition of tyranny." — James Madison (Federalist Papers)
Sunday, July 19, 2009
When the Nazis came for the communists,
I remained silent;
I was not a communist.
Then they locked up the social democrats,
I remained silent;
I was not a social democrat.
Then they came for the trade unionists,
I did not protest;
I was not a trade unionist.
Then they came for the Jews,
I did not speak out;
I was not a Jew.
When they came for me,
there was no one left to speak out for me
"First they came…" is a poem attributed to Pastor Martin Niemöller (1892–1984) about the inactivity of German intellectuals following the Nazi rise to power and the purging of their chosen targets, group after group.
Saturday, July 18, 2009
Look closely at the photos from the scene of 赵明福 Teoh Beng Hock's death.
- Left shoe sits up neatly about 8 feet from the head right within the border. Appears to be clean and properly laced-up.
- Right shoe looks beaten-up. Surface of the sole shows sign of heavy scraping.
- Slash wound on the right wrist. Bleeding seems fresh (color relatively red and bright). Right fist is clenched. Not wearing a wrist watch.
- Pants ripped at the buttock revealing underwear. Some fabric in the torn area appears to be missing from the trousers. No sign of wallet, mobile phone or keys in the back and left pockets.
- Underwear appears to be torn in the middle.
Friday, May 15, 2009
Friday, May 8, 2009
Friday, April 17, 2009
Tuesday, March 31, 2009
Need help in managing your finance? Have trouble making car payments?...
No problem! Here's how many Americans revive their financial situation. All you need is a plan and a match.
Signs of Stress, Fraud on Roadside
Thursday, March 26, 2009
More Vehicles Burned, Ditched in Apparent Schemes by Owners to Get Insurance Payout
Police detective Mark Menzie drove 55 miles into the desert Sunday to inspect the charred remains of a formerly silver Ford Expedition.
Later, he sat in a kitchen on the city's south side where a 19-year-old man confessed to torching his girlfriend's Chrysler PT Cruiser
At noon Monday, Mr. Menzie was picking through the smashed windshield of a 2008 Land Rover in a desert canyon. His police radio crackled as he worked; another car was spotted burning southwest of the city.
Years of no-money-down car loans followed by sinking home values and rising unemployment has made many people desperate over car payments they can no longer afford. For some, the answer is to ditch the car, report it stolen and collect the insurance money to pay it off without hurting their credit.
Authorities report a growing number of cars dumped in the Great Lakes, burned along remote New Jersey roadsides and driven into canals in California. The phenomenon is acute in Las Vegas, where sharp declines in tourism and construction have left thousands of workers unemployed and broke.
Mr. Menzie, a burly 38-year-old detective wearing jeans, dusty work boots and a two-day stubble, toted up a day's work. Four cars burned or wrecked in 24 hours: "Insurance fraud," he concluded. "Lots of desperate people out there."
As a member of the Las Vegas department's auto-theft unit, Mr. Menzie is on the front lines of a phenomenon that police departments and insurance companies worry could be burning out of control.
"The economy is stretching people to the breaking point and some of them are willing to risk criminal conviction," said James Quiggle, a spokesman for the Coalition Against Insurance Fraud, an industry-backed group. "They look at this as their own personal stimulus package."... (continue reading here)
Monday, March 30, 2009
Thursday, March 12, 2009
March 11, 2009
Scepticism to M'sia stimulus
KUALA LUMPUR - MALAYSIA'S massive US$16.2 billion (S$25 billion) stimulus package met with scepticism on Wednesday, as analysts questioned if it will avert recession and how cleanly it will be implemented.
Deputy premier Najib Razak announced the package on Tuesday, saying the much bigger than anticipated spending plan would 'contribute towards mitigating the impact of the global contraction on the domestic economy'.
But despite the measure, and a US$1.9 billion stimulus package announced last year, he said the economy could still contract by up to 1.0 per cent in 2009, dumping the earlier forecast of 3.5 per cent growth.
Standard Chartered said despite the size of the plan, 'its ability to keep 2009 growth in positive territory remains in question' and that the deficit, which will jump to 7.6 per cent this year, could threaten credit ratings.
ING was unimpressed by the big-spending initiative, saying it expected the economy to contract by 2.2 per cent this year, and that the government's political woes raised the risk of inappropriate spending.
'The political situation makes us think a lot of the spending will be politically-directed,' it said.
The spending plan is an important test for Mr Najib, who is due to be appointed premier at the end of the month and inherits the task of clawing back support for the ruling coalition after a battering in elections last year.
Opposition leader Anwar Ibrahim, who was finance minister before being ejected from the coalition in 1998, said there was a grave risk of 'leakage' as the huge amount of funds was disbursed.
'As far as the package is concerned, there is no sign of reforms,' he said.
'Our fundamentals are cracking, we are facing a major crisis. Will Najib stop the practices of awarding contracts to cronies through direct negotiation?'
Analysts at Citibank also said the market would be disappointed with the package after 'the hype created over the past few weeks'. 'Execution is the key, and it is still too early to quantify and build in the benefits,' it said. -- AFP
(The Straits Times)
Thursday, March 5, 2009
Wednesday, March 4, 2009
Bernanke Says Insurer AIG Operated Like a Hedge Fund
March 3 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said American International Group Inc. operated like a hedge fund and having to rescue the insurer made him “more angry” than any other episode during the financial crisis.
“If there is a single episode in this entire 18 months that has made me more angry, I can’t think of one other than AIG,” Bernanke told lawmakers today. “AIG exploited a huge gap in the regulatory system, there was no oversight of the financial- products division, this was a hedge fund basically that was attached to a large and stable insurance company.”
Bernanke’s comments foreshadow tougher oversight of systemically important financial firms, and come as President Barack Obama seeks legislative proposals within weeks for a regulatory overhaul. The U.S. government has had to deepen its commitment to prevent AIG’s collapse three times since September as the company accumulated the worst losses of any U.S. company.
The company “made huge numbers of irresponsible bets, took huge losses, there was no regulatory oversight because there was a gap in the system,” Bernanke said. At the same time, officials “had no choice but to try and stabilize the system” by aiding the firm... (full story at Bloomberg)
Wednesday, February 25, 2009
Fallen high-flyers exploit French loophole...
THEY were denounced as traitors when they left France for lucrative jobs in London, and as irresponsible fools when crisis overtook the global economy.
Now French traders dismissed by banks in London are at the centre of a new furore after it emerged that many of them were exploiting France's generous welfare system to claim unemployment benefit of more than E75,000 (USD96,000) a year.
"I find it very shocking," Alain Vidalies, an opposition Socialist MP who raised the issue in parliament last week, said. "These people went to London to earn lots of money when the economy was booming there, and as soon as the wind turned they have come back to France and they are using a trick to ensure a very high revenue.
"It's not acceptable."
The controversy has further dented the reputation of a profession accused by President Nicolas Sarkozy of plunging the world into "catastrophe" through ill-judged speculation.
But it has also served to highlight flaws in a French social security system seen by its supporters as a safety net in times of turbulence and by its detractors as an unsustainable burden for the national economy.
Under French rules, the jobless are entitled to unemployment benefit equivalent to 57.4 per cent of their salary if they earned more than E1845.88 a month in their last job and up to 75 per cent if they earned less than that. Payments are made for 23 months and there is a ceiling of E6366.80 a month.
In most circumstances, it is impossible for workers to receive French unemployment benefit if they have been employed in another country, but they need to do only one day of work in France to be able to make a claim there. And if they have worked fewer than 28 days, that claim will be based upon their previous salary.
In other words, traders earning hundreds of thousands of pounds a year in London need to do a few days' work in a fast-food restaurant or a shop in Paris to ensure a revenue of E76,401.60 a year for almost two years.
Some do a shift in McDonald's. Mathieu, a trader sacked by a London bank, told the weekly magazine Le Point that he would do a day's babysitting to obtain French unemployment benefit on the basis of his British salary. "It'll be enough to cover my airplane tickets and my telephone bills," he said, adding that he was planning to look for a new job in Hong Kong.
Officials at the Pole Emploi, the French unemployment office, said that 24 claimants were receiving the maximum of E6366.80 a month after a job overseas. That figure dates from the northern autumn and Mr Vidalies said that the number had climbed steeply since then. "I think there must be several hundred, and they're getting the sort of revenue from unemployment benefit that most people cannot dream about even when they have a full-time job," he said.
About 300,000 French people moved to Britain before the crisis.
Thursday, February 19, 2009
Monday, February 16, 2009
Congressmen voted for the 800 billion Dollar stimulus bill without even reading it.
Why so rush?
Glenn Beck, "Why you should be outraged at rush to pass the stimulus bill"
Obama Porks America
Thursday, February 12, 2009
February 12, 2009
Laid-Off Foreigners Flee as Dubai Spirals Down
DUBAI, United Arab Emirates — Sofia, a 34-year-old Frenchwoman, moved here a year ago to take a job in advertising, so confident about Dubai’s fast-growing economy that she bought an apartment for almost $300,000 with a 15-year mortgage.
Now, like many of the foreign workers who make up 90 percent of the population here, she has been laid off and faces the prospect of being forced to leave this Persian Gulf city — or worse.
“I’m really scared of what could happen, because I bought property here,” said Sofia, who asked that her last name be withheld because she is still hunting for a new job. “If I can’t pay it off, I was told I could end up in debtors’ prison.”
With Dubai’s economy in free fall, newspapers have reported that more than 3,000 cars sit abandoned in the parking lot at the Dubai Airport, left by fleeing, debt-ridden foreigners (who could in fact be imprisoned if they failed to pay their bills). Some are said to have maxed-out credit cards inside and notes of apology taped to the windshield.
The government says the real number is much lower. But the stories contain at least a grain of truth: jobless people here lose their work visas and then must leave the country within a month. That in turn reduces spending, creates housing vacancies and lowers real estate prices, in a downward spiral that has left parts of Dubai — once hailed as the economic superpower of the Middle East — looking like a ghost town.
No one knows how bad things have become, though it is clear that tens of thousands have left, real estate prices have crashed and scores of Dubai’s major construction projects have been suspended or canceled. But with the government unwilling to provide data, rumors are bound to flourish, damaging confidence and further undermining the economy.
Instead of moving toward greater transparency, the emirates seem to be moving in the other direction. A new draft media law would make it a crime to damage the country’s reputation or economy, punishable by fines of up to 1 million dirhams (about $272,000). Some say it is already having a chilling effect on reporting about the crisis.
Last month, local newspapers reported that Dubai was canceling 1,500 work visas every day, citing unnamed government officials. Asked about the number, Humaid bin Dimas, a spokesman for Dubai’s Labor Ministry, said he would not confirm or deny it and refused to comment further. Some say the true figure is much higher.
“At the moment there is a readiness to believe the worst,” said Simon Williams, HSBC bank’s chief economist in Dubai. “And the limits on data make it difficult to counter the rumors.”
Some things are clear: real estate prices, which rose dramatically during Dubai’s six-year boom, have dropped 30 percent or more over the past two or three months in some parts of the city. Last week, Moody’s Investor’s Service announced that it might downgrade its ratings on six of Dubai’s most prominent state-owned companies, citing a deterioration in the economic outlook. So many used luxury cars are for sale , they are sometimes sold for 40 percent less than the asking price two months ago, car dealers say. Dubai’s roads, usually thick with traffic at this time of year, are now mostly clear.
Some analysts say the crisis is likely to have long-lasting effects on the seven-member emirates federation, where Dubai has... (continue reading here)
Wednesday, February 11, 2009
Tuesday, February 10, 2009
Monday, February 9, 2009
Saturday, February 7, 2009
Friday, February 6, 2009
Thursday, February 5, 2009
Tuesday, February 3, 2009
Big Risks for U.S. in Trying to Value Bad Bank Assets
As the Obama administration prepares its strategy to rescue the nation’s banks by buying or guaranteeing troubled assets on their books, it confronts one central problem: How should they be valued?
Not just billions, but hundreds of billions of taxpayer dollars are at stake.
The Treasury secretary, Timothy F. Geithner, is expected to announce details of the new plan within weeks. Administration and Congressional officials say it will give the government flexibility to buy some bad assets and guarantee others in an effort to have a broad impact but still tailor the aid for different institutions.
But getting this right will not be easy. The wild variations on the value of many bad bank assets can be seen by looking at one mortgage-backed bond recently analyzed by a division of Standard & Poor’s, the credit rating agency.
The financial institution that owns the bond calculates the value at 97 cents on the dollar, or a mere 3 percent loss. But S.& P. estimates it is worth 87 cents, based on the current loan-default rate, and could be worth 53 cents under a bleaker situation that contemplates a doubling of defaults. But even that might be optimistic, because the bond traded recently for just 38 cents on the dollar, reflecting the even gloomier outlook of investors.
The bond analyzed by S.& P. is just one of thousands that the government might buy or guarantee should it go forward with setting up a “bad bank” that would acquire $1 trillion or more of toxic assets from banks.
The idea is that, free from the burden of carrying these bad assets, banks would start lending again and bolster the faltering economy. The bad bank set up by the government would, over time, sell the assets and recover some or most of what it had paid.
While the government is considering several approaches to helping the banks, including more capital injections, buying or insuring toxic assets is likely to be a centerpiece. Determining the right price for these assets is crucial to success. Placing too low a value would force institutions selling and others holding similar investments to register crushing losses that could deplete their capital and make it harder for them to increase lending.
But inflated values would bail out the companies, their shareholders and executives at the expense of taxpayers, who...
Saturday, January 31, 2009
US porn industry seeks multi-billion dollar bailout
Porn baron Larry Flynt is seeking a $5 billion bailout from Washington to rejuvenate the industry, which he says is suffering because of the economic downturn.
08 Jan 2009
The Hustler magazine founder has teamed up with fellow adult entertainment mogul Joe Francis, creator of the Girls Gone Wild video series, to approach Congress for the same kind of financial assistance recently approved for car manufacturers.
The pair have asked the 111th Congress, which convened on Tuesday with the economy at the top of its agenda, "to rejuvenate the sexual appetite of America" with a bailout.
"Congress seems willing to help shore up our nation's most important businesses, (and) we feel we deserve the same consideration," Francis said in a statement.
"In difficult economic times, Americans turn to entertainment for relief. More and more, the kind of entertainment they turn to is adult entertainment."
"The take here is that everyone and their mother want to be bailed out from the banks to the big three," Owen Moogan, a spokesman for Flynt, told CNN.
"The porn industry has been hurt by the downturn like everyone else and they are going to ask for the $5 billion. Is it the most serious thing in the world? Is it going to make the lives of Americans better if it happens? It is not for them to determine."
In an interview with entertainment news website TMZ, Francis admitted the move was more of a "precautionary measure" than an emergency rescue, "but as long as the government is handing out money, we want to be there to take it."
The pair acknowledge that although DVD sales and rentals have dropped 22 per cent over the past year, online traffic has continued to grow.
"The 13-billion-dollar industry is in no fear of collapse," they say. "But why take chances?" Francis, who was last year freed from almost a year in jail after pleading no contest to child abuse and prostitution charges in a plea deal, told CNN they planned to deliver the request "to our congressmen and (Secretary of the Treasury Henry) Paulson" by the end of Wednesday.
"With all this economic misery and people losing all that money, sex is the farthest thing from their mind," Flynt said in a statement. People were "too depressed to be sexually active", which was "very unhealthy as a nation. Americans can do without cars and such, but they cannot do without sex." He said the only way Congress could "rejuvenate" America's sexual appetite was "by supporting the adult industry and doing it quickly." There was no response from Congress to the request.
Thursday, January 15, 2009
In this country, even dogs get discriminated.
Restrictive rules only apply to dogs. Why not cats too? Or chicken, ducks? or goats? or...... WTF!
Thursday January 15, 2009
Dog owners in Nilai must now get neighbour’s permission
SEREMBAN: Dog owners in Nilai must now get written permission from their neighbours to keep the animals in their homes.
This is the first time such a ruling has been introduced in Negri Sembilan following recent amendments to the Dog Licensing Bylaws 2008. The municipal council issues annual dog licences at RM20 each.
Council president Datuk Abd Halim Abd Latif said the ruling covers dogs which were three months old and above.
“For those who want to rear more than two dogs, their premises must be at least 1,000 sq metres.
“You are allowed to keep more than four dogs if the area is larger than 1,000 sq metres,” he said.
The affected areas are Nilai, Rasah, Ampangan, Mantin, Lenggeng, Pantai, Rantau, Labu and Senawang.
Abd Halim said the owners were duty-bound to ensure that their pets were not a nuisance to their neighbours such as the animals defecating in public places.
“The pets cannot be allowed to roam freely outside their compound,” he said, adding that officers would take away unlicensed pets.
Those caught without a licence could be fined up to RM1,000 or jailed not more than six months, or both.
The Seremban Municipal Council issues dog licences for RM10 each but has not asked owners to get their neighbours’ permission. Applicants are required to attach a vaccination card for their pets.
The state Veterinary Services Department issues licences for RM5 for those living in other areas.
Resident Melissa Wong asked why was there a need to get her neighbour’s permission to keep a dog.
“My neighbour’s cats defecate in my compound almost every day. Why doesn’t the council make it a requirement for cat owners to get their neighbour’s consent?” she asked.
P. Manimaran, who lives in Rasah Kemayan, said he may have to give up his dog because he was not on talking terms with his neighbour.
Those with queries can call the Nilai Municipal Council at 06-798 9099/9077.
Wednesday, January 14, 2009
January 14, 2009
Stimulus Alone Won’t End Crisis, Bernanke Says
LONDON — The chairman of the Federal Reserve, Ben S. Bernanke, warned Tuesday that the highly unpopular job of using taxpayer money to bail out financial institutions in the United States and other countries was far from over.
One day after President Bush, at the request of President-elect Barack Obama, asked Congress to free up the second half of the money for the Treasury Department’s $700 billion financial rescue program, Mr. Bernanke cautioned that banks and other lending institutions were still not functioning properly and would probably need additional money.
“More capital injections and guarantees may become necessary to ensure stability and the normalization of credit markets,” Mr. Bernanke said during a speech at the London School of Economics.
Though the Fed chairman acknowledged that people in many countries were “understandably concerned” about pumping government money into the financial industry while often turning a cold shoulder to other sectors, he defended the effort as unpleasant but necessary.
“This disparate treatment, unappealing as it is, appears unavoidable,” he said. “Our economic system is critically dependent on the free flow of credit, and the consequences for the broader economy of financial instability are thus powerful and quickly felt.”
Indeed, Mr. Bernanke suggested that Mr. Obama might want to revive the original idea of the rescue plan to buy unsellable mortgage-backed securities and other illiquid assets. That idea was originally the centerpiece of the program as it was first promoted by the current Treasury secretary, Henry M. Paulson Jr. Mr. Paulson abandoned the idea before getting started, arguing that it would be faster and more efficient to inject capital directly into the biggest banks and investment firms.
In a separate appearance on Tuesday in Washington, the Fed’s vice chairman, Donald L. Kohn, said that financial institutions were still “clogged” by hard-to-sell assets and still needed help.
Mr. Bernanke supported the efforts by Congress and President-elect Obama to put together a fiscal stimulus program worth roughly $800 billion over two years that would be weighted heavily toward big new spending on infrastructure projects, like bridges and schools, “green” energy projects, and expanded safety-net programs like unemployment benefits.
(Full story at nytimes.com)
Tuesday, January 13, 2009
Adding to Recession’s Pain, Thousands to Lose Jobless Benefits
Just as the recession is throwing people out of work at an alarming rate, the unemployment insurance system in New York and many other states will start cutting off benefits this week for thousands of people who have been unable to find jobs since early last year.
About 50,000 New Yorkers who had been collecting unemployment checks for 11 months — the longest stretch that benefits have been available since the last recession eight years ago — will stop receiving weekly payments this week, according to the State Labor Department.
In normal circumstances, people laid off from full-time jobs can collect benefits for up to 26 weeks, after which they fall off the rolls. But some of the people who will lose benefits this week have been on unemployment for 46 weeks because Congress approved extensions of jobless benefits twice last year.
This will be the first time since the early 1990s that workers are exhausting benefits that have been extended twice because of an economic downturn. The inability of those people to find work after so many months provides a stark reminder of the weakness of the job market, officials and experts say.
For many of those facing the loss of that lifeline, the next step may be welfare, experts say.
Julio Ponce, a 55-year-old chef, has been using his weekly $352 unemployment check to pay the rent on his apartment in the Bushwick section of Brooklyn since he lost his job at a center for the elderly more than a year ago. But he said he did not know how he would cover the $800 monthly rent after his unemployment benefits lapsed this week.
“No one is helping me,” said Mr. Ponce, who was faxing his résumé to hotels and restaurants from an employment office in Downtown Brooklyn on Thursday. “I’ve applied for public assistance, but I don’t think I’m going to get it.”
Extended benefits are also about to expire over the next week or two in Massachusetts, Texas, Virginia, Pennsylvania and at least 20 other states, according to the National Employment Law Project, a nonprofit organization that advocates for lower-wage workers. No official estimates exist for how many people would lose their benefits in those states, but experts said it was likely to exceed 200,000.
In Philadelphia, Tony Green, 38, said he was due to collect the last of his checks by Jan. 25. His twice-extended benefits have amounted to $470 a month after taxes, forcing him to give up a rented house in the Fox Chase section of the city and move with his two teenage children to a place in North Philadelphia that he described as “drug-infested and dirty.”
Mr. Green said he had sold his car and borrowed more than $10,000, mostly on “maxed-out” credit cards. He has been taking construction jobs to supplement his benefits, but said he feared the extra income would dry up as the economy contracted.
“People are really tapped out,” he said.
Unemployment insurance, a federal system that is administered by the states, was intended as a stopgap, half-year source of relief, not a long-term source of income. But last year, as the economy slumped and the unemployment rate rose, Congress approved two extensions of jobless benefits, one for 13 weeks and the second for up to 20 additional weeks. The national unemployment rate rose again in December to 7.2 percent, a 16-year high, the government reported Friday.
(full story at nytimes.com)
Wednesday, January 7, 2009
Here are some.
(Source Chrysler Blog)
Hey Crysler! You're not welcome. You took my hard earned tax dollars without congressional approval. This is not the time for a "thank you." This would be a good time for a refund...and an apology. http://rightklik.net
Posted Dec 27, 2008, 3:19 PM by RightKlik.net
Mr. Nardelli,It takes a man with a whole lotta chutzpah to thank a person for investing in a company when they had zero voice in the matter.My elected representatives decided 'no'. The executive branch decided 'yes' through means that might be legal but frankly smell like rotten fish.You may certainly get my money this way, but you will never see a dime of my money voluntarily spent on any of your products.Brian DunbarNeenah, Wisconsin
Posted Dec 27, 2008, 3:20 PM by bdunbar
Mr Nardelli, Fire your PR and advertising teams and execs immediately. We the People did not want to see any more ads and money wasted on ads, be it from Chrysler, et al, or from your own pocket. You should have put up a website thanking the people and just submitted it to various online news aggregators for free. Once again, I am pained to see you are demonstrating a lack of common sense and fiscal responsibility. We supported the bailout of the car companies, even in the face of the horrendously mismanaged and secretive bailout of banks, and you stlil throw money away in the name of your company. Time to wake up. Sincerely, Matt and the rest of the Internet.
Posted Dec 27, 2008, 3:20 PM by dezmd
I have to say this ad disappointed me. First of all, do you need to spend your precious dollars on expenisve newspaper space? Second of all, it's hard to say "America" is really responsible for granting the bridge loans. One survey said that 61% of Americans were against it. Congress was working against the will of the voters. Let me go through each of the three points: "Providing cars and trucks you want to buy, enjoy driving, and will want to buy again." Well, I wanted to buy a Stratus in 2004. I bought it and enjoy driving it. However, I would not buy a Chrysler again beacuse the new products are lower quality and less visually appealing than their predecessors. "Delivering products with the best quality and value in our Company's history." Based on what I've seen and heard, Chrysler vehicle quality is lower than it was a few years ago. "Improving fuel economy to support Americas energy security and environmental sustainability." Chrysler's current full-size and compact vehicles are LESS fuel efficient than they were in 2003. Chrysler built the cars of my dreams in the 1990s but the latest models are a real let down. Chrysler does not deserve aid until it can present compelling new-generation vehicles. Putting battery packs in the current models dosen't count.
Posted Dec 27, 2008, 3:20 PM by Mwhite
Your resignation and the resignations of senior executives who have mismanaged the business would have been much more appropriate.
Posted Dec 29, 2008, 8:03 PM by California Initiative
Dear Mr. Nardelli and the "over one million people who depend on Chrysler" - You've got some nerve to thank us for our forced "investment" when we didn't want it to happen in the first place. Isn't forced or coerced investment akin to robbery? Taking one's money against one's will? Hmmm . . . . The very thought that MY money is going to go to some union lackey's pockets just makes me queasy. You should've filed for bankruptcy just like any other business in your position would have to. And that would've given you the opportunity to unshackle yourselves from the ridiculous union contracts that you signed on to. You've got two major issues to fix: Unions and quality products. If you'd listen to your customers and NOT the media and marketing types, you'd fix your product issues. And the unions . . . sheesh, get out of that racket! Notice the plants in the South where unions aren't that prominent don't have the same issues as the ones up North? Let's see what happens when MY business tanks. Will YOU throw cash at me? I don't think so. So, in conclusion - to hell with you and your company. Any business that would go begging to the government for a handout has no shame, and deserves to fail. File for Bankruptcy, or crumble!
Posted Dec 29, 2008, 8:03 PM by Richard S.
Mr. Home Depot has now shown that he can take extravagance to another extreme high. Why in the world are you thanking people that didn't want this. You need to spend the money you spent on this ad to bailout one of your line workers whose house is about to go into default. Pay it forward Nardelli we don't need to your hypocrisy!
Posted Dec 29, 2008, 8:03 PM by loco4obx
I'm speechless. And I'm saddened that a corporate management team is so inept at understanding public opinion. Some advice: issue a press release stating that you regret that you made a mistake using taxpayers' money in this manner.
Posted Dec 29, 2008, 8:03 PM by beachwriter
Bob Nardelli - thanking Americans for stealing their money is NOT something to boast about on your website. The American public DID speak when we choose to NOT buy your cars. Why not spend the money by showing us something compelling that people would "want" to buy. I have NEVER hear anyone excited about "buying a chrysler." You have no brand strength and this current "Thank You" ad will further your branding problems.
Posted Dec 30, 2008, 11:44 AM by Alvin P. Sams
My response to being forced to bail Chrysler out was to immediately purchase a FORD Focus and I will NEVER buy any car that Chrysler has anything to do with. This ad you ran "thanking" us was an example of you wasting OUR money.
Posted Dec 30, 2008, 11:44 AM by redwood tree
Dear Chrysler, I'd like to thank you. You have now completely converted me to a 100% foreign car owner from this point forward. I was, emphasis on was, a proud owner of a 2006 Dodge Ram Quad-Cab 4X4 with a Hemi. As you are well aware it is among the more expensive models of vehicles you sell. After seeing the parent comapny of Dodge falter and beg for money from the US Tax payers, I am no longer proud to own this vehicle. In fact, I will finish paying off my loan and proceed to my nearest Mini Dealership or Nissan Dealership and buy my next car there when it comes time. Why? Not because I don't like the truck. I do not approve of the money that was given to you by our President. I do not approve of the slap in the face I felt when I read your ad. Why did you need to take a bail out? Poor management. This ad just goes to show that you and your company has not learned anything, and like the rest of the US I am upset. This opportunity was squandered, by you and your incompetance. For the sake of my tax dollars I hope you succeed with a restructure like the late 70s early 80s when you received your first bail-out. However, with the poor decisions of this ad I forsee a bad investment on the horizon by the US Government.
Posted Dec 30, 2008, 11:44 AM by Jasen Hicks
Obviously nothing has changed. Chrysler is still making stupid decisions by wasting its stolen taxpayer money on useless ads. I will never, ever even consider buying a Chrysler. Chrysler makes nothing but JUNK, and has rightfully earned its poor reputation. Mr. Nardelli, do yourself and Chrysler a favor and resign.
Posted Dec 30, 2008, 11:44 AM by BuyJapanese
Thank You? Kiss mine you looters. I had ZERO choice in the matter. The money was taken from me by FORCE of GOVERNMENT and given to you. Ads like this reaffirm my decesion to buy a Honda last year. Bottom line Chrysler- I WILL NEVER BUY FROM A COMPANY THAT POINTS A GUN TO MY HEAD AND THEN SAYS THANKS. This ad infuraties me. Rot in hell scumbags.
Posted Dec 30, 2008, 8:03 PM by Lede Agenda
(Read more comments from Chrysler Blog)
Friday, January 2, 2009
KABUL — When it comes to governing this violent, fractious land, everything, it seems, has its price.
Want to be a provincial police chief? It will cost you $100,000.
Want to drive a convoy of trucks loaded with fuel across the country? Be prepared to pay $6,000 per truck, so the police will not tip off the Taliban.
Need to settle a lawsuit over the ownership of your house? About $25,000, depending on the judge.
“It is very shameful, but probably I will pay the bribe,” Mohammed Naim, a young English teacher, said as he stood in front of the Secondary Courthouse in Kabul. His brother had been arrested a week before, and the police were demanding $4,000 for his release. “Everything is possible in this country now. Everything.”
Kept afloat by billions of dollars in American and other foreign aid, the government of Afghanistan is shot through with corruption and graft. From the lowliest traffic cop to the family of President Hamid Karzai himself, the state built on the ruins of the Taliban regime seven years ago now often seems to exist for little more than the enrichment of those who run it.
A raft of investigations has concluded that people at the highest levels of the Karzai administration, including President Karzai’s own brother, Ahmed Wali Karzai, are cooperating in the country’s opium trade, now the world’s largest. In the streets and government offices, hardly a public transaction seems to unfold here that does not carry with it the requirement of a bribe, a gift, or, in case you are a beggar, “harchee” — whatever you have in your pocket.
The corruption, publicly acknowledged by President Karzai, is contributing to the collapse of public confidence in his government and to the dramatic resurgence of the Taliban, whose fighters have moved to the outskirts of the capital.
“All the politicians in this country have acquired everything — money, lots of money,” President Karzai said in a speech at a rural development conference here last month. “God knows, it is beyond the limit. The banks of the world are full of the money of our statesmen.”
The decay of the Afghan government presents President-elect...
(Full story at nytimes.com)