big three

GM Bankruptcy and Labor: From Sit Down Strikes to Credit Default Swaps

The United Auto Workers gave organized labor a beachhead in the American economy with the great sit down strikes of 1937. Some seven decades later organized capital is looking to […]

Despite widespread reports that the United Auto Workers union will emerge as the controlling shareholder of a restructured Chrysler, that is not formally true. But a closer look suggests that […]

The Good Senator from Nissan – oops, I mean, Tennessee – Bob Corker, should be asked to register as a foreign agent. He seems more interested in lowering US living […]

For Wall Street, $7 trillion, no questions asked. For Main Street, bupkus.  Believe it or not this suggests to me that private capital still pins its hopes on globalization: the […]

It’s not about competition – it’s about our standard of living Opponents of the government loans to the Big Three Auto companies contend that if American companies cannot compete they […]

A deal appears to be in the works to keep the Big Three on life support. Bloomberg.com: Worldwide  

The UAW continues its descent into obsolescence today with an announcement that it will offer more concessions to help the Big Three bosses secure a safe and happy retirement.  At […]

Time Magazine has written a good story on the current crisis rippling across the automobile industry and it didn’t hurt that they quote me to good effect.  Last year I […]