January 22, 2009

Horse 950 - Six Month Old Scoop!




I was walking through the newsagent this morning when I found this:



I find it a little amusing that Wheels Magazine are playing on the ignorance of the general public. I've already seen this trick before by Holden themselves, and perhaps this story was fed to Wheels Magazine by Holden simply for the publicity (I wouldn't put it past them) but nevertheless, Wheels have published a picture and emblazoned it with the word SCOOP as though it was a big deal.

Guess what Wheels, not only can I provide you with the details of your so called "scoop" but I can even provide a better still photo than what you can - this is why:

http://www.goauto.com.au/mellor/mellor.nsf/story2/815A76AC6BD40BD3CA2574A2002037DC
HOLDEN is believed to be preparing a twin mid-sized family car attack that will cover both the cheap and ‘prestige’ end of the segment.

In the surprise move that is set to mirror Honda’s successful two-pronged Accord/Accord Euro strategy, the Insignia – Opel’s new mid-sized glamour car that debuted late last month at the London motor show – will arrive in Australia priced between $35,000 and $50,000.

I note that this was dated the 11th of August last year. Also of note is that the Insignia won the 2008 European Car of the Year Award over the Ford Fiesta 7 by a mere one vote - it's little wonder then that Holden are so antsy about getting the car over here ASAP.

Personally think that instead of the grille treatment shown on the Wheels cover, the Holden Insignia/Torana will probably look something like this:



We'll probably be getting the 2L in-line 4 at 101kW, the 2L Turbo diesel at 122kW, and HSV will probably run the 2.8L V6 Turbo at 197kW.

In due course the current Epica (Daewoo Tosca) and the Insignia will both converge, into the new car on the Epslion platform at about 2011. Maybe by then the Commodore will have faded into obscurity, who knows?

The big question on all of this though is what happens to Opel, Daewoo, Vauxhall and Holden if Big Daddy GM in Detriot carks it. Opel have already threatened to buy themselves out for €1 and are currently considering a €1bn bid from SolarWorld AG. Whatever happens, if Holden decide to get the Insignia, there'll be a lot of hype for it.

January 21, 2009

Horse 949 - Not Laughing at $31



While the world goes O'Barmy, the BBC threw this report up during Background Briefing on the radio this morning:
http://news.bbc.co.uk/2/hi/africa/7813418.stm



Motorcyclists in Nigeria have been wearing dried pumpkin shells on their heads to dodge a new law forcing them to wear helmets, authorities say.
Officials in the northern city of Kano said they had stopped several riders with "improvised helmets", following this month's introduction of the law.
Kano Federal Road Safety Commission commander Yusuf Garba told the BBC they were taking a hard line with people found using the improvised helmets.

"We are impounding their bikes and want to take them to court so they can explain why they think wearing a calabash is good enough for their safety," he said.

This at first sounds like a haha that's funny story, until you consider all of the implications.

Even a cheap motorbike helmet in Australia is likely to set you back about $60. Remember that this isn't Australia we're talking about but Nigeria where the GDP per capita is about $2027 a year. If you assume that GDP is a fair measure of wages, the the average wage is a paltry $38.98 a week. This means to say that a helmet (not the motorbike) but just the helmet, is going to cost you one and a half times your weekly wage. If you then consider"passengers often steal the helmets once they reach their destination" then having what is in effect your weekly wage stolen every so often, is pretty scummy.
Let's put this in perspective, if someone stole $1500 from you, you'd be pretty miffed I'm sure of it.

It does however highlight something which I find a little disturbing though. When GM and Chrysler were given $25,000,000,000 the world seemed to breath a sigh of relief, yet if someone in Nigeria is fined 3000 Nigeria Nairas or just $31 for the privilege of barely scraping a living, the natural reaction is to laugh at them. Somewhere in all of this we appear to have lost the value of $1, it might not seem like a lot to us in the West, but in some parts of the world, people's livelihoods are eked out on less than what we might pay to go to the movies and there's not really a happy ending either.

January 20, 2009

Horse 948 - I Am Not Making This Up



This post falls into the realms of "I am not making this up... Seriously".

On the eve of Barack Obama becoming President of the USA, he's been compared with a few other presidents such as John F Kennedy and Abraham Lincoln; and perhaps it was a little perverse of me to notice that both of these presidents were assassinated - my sister came up with the supposition that Barack might be as well, simply because of the political tensions which might come about.
Here in Australia, we haven't had Prime Ministers who have been killed, but we do happen to be the only country that just sort of, well... lost its leader.

On 17th December 1967, the then PM Harold Holt decided to go swimming in the surf at Cheviot Beach. Admittedly he had sprained his shoulder previously and despite being advised against it, he went off for a dip anyway. As fate would happen, he never returned.

The Coroner's Report didn't find foul play or communists, submarines or as someone in my Year 9 History class theorised "Giant Migratory Squids" were the cause but rather a simple case of drowning caused by conditions with had turned nasty quickly.

Imagine my surprise then, when reading through The Age (the Fairfax newspaper of Melbourne) I happened to find this:
http://www.stonnington.vic.gov.au/www/html/1863-harold-holt-swim-centre.asp


At first glance it would appear to be in rather poor taste to name a swimming pool after someone who drowned. After all, what sort of confidence could you put in such a venue? Then you realise after looking at their website that the title is probably worthy:

The new pool was to be named the City of Malvern Olympic Swimming Centre, however following the tragic death at sea in December 1967 of Malvern's local member and Prime Minister of Australia, the new pool was named the Harold Holt Memorial Swimming Centre. The Centre was opened by the Prime Minister, John Gorton in March 1969.

The truth is that Harold Holt was actually a rather good swimmer. Certainly it would be appropriate for the local swimming pool to be named after its most famous resident. Although having said that, it's still one of those little useless facts that makes you go "What?" and have to justify it with "I am not making this up... Seriously".

January 16, 2009

Horse 947 - What's good for General Motors

... is good for the USA.
But they're too stupid to realise it.



Almost a year ago I reported that GM through their Pontiac division were going to pick up the Holden Ute for their line-up but give it the rather stupid name of G8 ST.
http://rollo75.blogspot.com/2008/01/horse-850-its-ute.html

352 days later, GM in America have announced they they're not going to take it after all.
http://www.freep.com/article/20090106/BUSINESS01/90106080/1014

Dealers were told today that the new Pontiac G8 Sport Truck, the car-pickup slated to hit the market later this year, has been killed, Pontiac spokesman Jim Hopson said.

Dear GM,

You could have practically invented a new market for a car in the US by undercutting the bloated and flabby "pick-up trucks" which dominate the roads (most of which I might add have the handling of a brick and the style of a freshly laid cow pat), but sadly this is not to be.

You've now rejected the idea of selling the ute and the stationwagon, both of which are based of the G8, so this more or less proves that:
A - you don't know a good idea if it bites you in the face, and
B - you don't really understand your own markets anyway.

GM, please die soon. You're already braindead. Please stop scything the American taxpayer's wallets by taking their taxes without just cause. Let me assure you that that bailout package you received, will probably amount to nothing anyway, so you may as well accept your fate and just apply for bankruptcy ASAP.

Your ex-friend,
Common Sense.

PS:

With Deepest Sympathy.

Dear America,
You got screwed out of the UTE! You poor unfortunate souls. I feely deeply sorry for you.

Yours regretfully,
The people of Australia.

January 15, 2009

Horse 946 - A Monetary Coup d'Etat




The Prawn formerly of The House of Bach and The Esteemed Empire of Toongabbie has of late become married to his belle and I wish them all due happiness together. The following however relates to a recent post from his blog and a due warning for the would be traveler.

http://jamisonprawn.net/2009/01/married-and-back-in-sydney/
And Fiji was incredible as well - so relaxing, so humid, so expensive. Well, sort of expensive - things were basically the same cost as $AU, and the exchange rate was pretty much 1:1. But then you go into a resort where there’s no restaurants outside or around the resort, and all the food inside is very expensive! But it was very nice.

The resort was pretty awesome all round... very luxurious and relaxing. There was plenty to do, and heaps of Fiji culture too, which made it great.

If you look at the above excerpt you find the word expensive mentioned 3 times. Now I know (but not from my personal experience - more on that later) that Fiji should be a relatively cheap place to buy anything because of its relaxed taxation rules. So then, why we're things so expensive? Again, we find the answer in the post itself.

"things were basically the same cost as $AU, and the exchange rate was pretty much 1:1"

Perhaps he could be forgiven with all else that's been going on for overlooking a minor detail that might have cost him a pretty penny and that is the currency exchange pitfall. A casual glance at XE.com this morning reveals this (at time of posting):

1.00000 AUD = 1.22927 FJD

Oh dear.

Instead of his A$1.00 buying nearly F$1.23 it was only buying F$1.00. This means that someone was having a rip to the tune of 23c of every dollar. If I use my Commonwealth Bank EFTPOS card they only charge me 3% on overseas transactions, so even taking that into account, things were 20% more expensive than they should have been for our unsuspecting traveler.

Why is this so, I hear you ask? Yet again, we find the answer in the post itself.

"and heaps of Fiji culture too"

Indeed there was.

Fiji in my lifetime has suffered four military coups. Corruption in Fiji not only runs rife but appears in some respects to be instituationalised. This is more or less accepted by the general public at large, and is practiced to such a degree that the Fijian Independent Commission Against Corruption was itself subject to its own inquiry at one stage. Businesses who's main form of revenue is from tourists, are relatively free to fleece their customers without fear of reprisal as in the above case. Personally I suspect that this general culture has been allowed to permeate generally through society.

During the trial of the 2000 Coup Leader George Speight in 2003 (of which I went over to Fiji to help record whilst still working for Auscript), the Australians who went over were advised to spend as few Australian Dollars as they possibly could, and wherever possible to deal with the locals in Fijian Dollars. At that time the Australian Government was so distrustful of the situation that they issued the warning to their employees directly and possibly in travel warnings documents.

All of this relates to the general warning from the Romans of Caveat Emptor, "Let the buyer beware". It also is good to remember Murphy's Golden Rule which states "Whoever has the gold makes the rules." If you have cash, it is normally advisable to hold onto it for as long as possible and wherever you can, to dictate the terms by which you'll give it away. Business operators and especially in places like Fiji know this, because once they have your money, you can bet your little cotton socks, that they're never giving it back to you...
unless you can stage a military coup of your own.

January 13, 2009

Horse 945 - The "All New" 2009 Chrysler CopyPaste



Plagiarize! Let no one else's work evade your eyes! Remember why the Good Lord made your eyes, don't shade your eyes, but plagiarize! Plagiarize! Plagiarize!
Only be sure always to call it, please, 'research'!



I am never forget the day my first book is published.
Every chapter I stole from somewhere else.

http://www.latimes.com/classified/automotive/highway1/la-hy-naias09-chrysler200.jpg,0,1175245.photo


Sad but true, but the Chrysler 200C which has just been unveiled at the Detroit Motor Show and hailed as "innovative" is little more than a copy of GM's work in Europe with the Opel Insignia.

Seriously, can the people at Chrysler honestly claim that they came up with something, even down the to fold and trim lines at the front of the car as their own? It's like someone sitting in an exam room and turning in an identical essay to the person sitting next to them.

I understand perfectly well that Americans clearly can not style cars if the North American Ford Focus is anything to go by, but simply ripping off the work of another company must surely either rank as either plagiarism or copyright or trademark infringement or some such. It's as bad as Ligier's JS41 in 1995 which was an "independent" design and not at all a copy of the Benetton B194.

I know that you're in financial trouble Chrysler, but I'm going to have to give you an F on this and make you sit a make-up test.

And who deserves the credit?
And who deserves the blame?
Nicolai Ivanovich Lobachevsky is his name.

- Thanks to Tom Lehrer

December 28, 2008

Horse 944 - The Road Tolls for Thee?




http://editorial.countrycars.com.au/Editorial/ArticleDetail.aspx?ArticleId=58963
The number of people sentenced for high and mid-range drink driving in NSW local courts has fallen, but they cop harsher penalties, a study shows.
Since 2002, the proportion of drivers sentenced for high range prescribed concentration of alcohol (PCA) dropped 20 per cent, while mid-range PCA dropped seven per cent, the Judicial Commission of NSW study found.

This might be something to think about over this holiday period. Whilst the above article in isolation might sound like a good thing, it's also interesing to note that especially over the past 9 months in particular (though not of recent weeks) the price of petrol rose to the point where people were forced by higher prices out of their cars; onto public transport and generally doing fewer kilometers in their cars generally.

Call me a cynic if you will, but I would have thought that it logically follows that if the total number of miles driven in motor cars by the general population falls then there should be a proportionate drop in the number of offences that those drivers cause. Less Miles = Less Driving offences?

In 2007, 445 people died on the roads in NSW which was the lowest since 1945. Does it follow that with increases in car safety coupled with a reduction in passenger trafic that this can be anything other than what was recorded in the statistics?

I bet for instance that when the price of petrol hit $1.50/L during the year, that the road toll fell even further and now that we're looking at $1.10/L that it will be on the increase again. I also wonder if the credit crunch, economic crisis and general feeling of monetary woe will have had anything to do with the figures? Can people afford to buy alcohol and run their cars at the same time? Now there's an interesting thing I'd like to see a survey on.

Tony Blair's Imaginary Lunch:

Christmas Cake!

December 25, 2008

Horse 943 - I Love Toast!



Earlier this year I looked at the terrible plight facing old people, when the then leader of the opposition Brendan Nelson made the comment that old people were forced to live off of "Baked beans and Jam Sandwiches"
http://rollo75.blogspot.com/2008/09/horse-916-baked-beans-jam-sandwiches.html


Well in this theme of bready comestibles and the shocking state of the world, think about the case of poor Liam (a student) who freely admits that he eats "toast, muffins or crumpets for breakfast, lunch and dinner"


Admitedly this does appear on the side of the box that a toaster from Coles comes in, and it could be very well possible that being a student who is by his very nature exceedingly lazy, that this is all that his cullinary skills extend to but it does illustrate a very pertinant point.

There are sectors in society who through poverty and/or stupidity, will not be able to enjoy a nice lunch this Christmas. Be it Baked Beans, Jam Sandwiches, Toast, Muffins or Crumpets, that's all these poor souls will be having for lunch. Whilst you tuck into your glazed ham, duck ala orange or Lobsters Thermidor and Spam, think of people like Liam, old people and even Dr Brendan Nelson.

December 23, 2008

Horse 942 - Holden, All But Confirms My Suspicions



http://www.holdencampaign.com.au/greatnews/

The new small, front-wheel-drive, four-cylinder vehicle to be built by GM Holden at Elizabeth will be based on General Motors' global Delta small car architecture.
Other examples of the architecture will include the next generation Chevrolet Cruze and Opel, Vauxhall and Saturn Astra.
The architecture was primarily developed by GM Europe in Russelsheim, Germany for GM markets around the world.

Further details about the vehicle including its nameplate, design specifications and pricing will be determined closer to the time of production.
Given the competitiveness of the small car segment, key decisions will be made to ensure the first Australian-made small car choice for many years will be a compelling one.

Holden is acting coy isn't it? It makes the announcement that it doesn't have all of the specifications of the car that it's going to produce. I can be a little presumptuous here because I'm not employed by the General though.

Below is a photo of the 2007 Astra Sedan.


Bear in mind that this is the Astra H sedan and we will be building the Astra I (the reasons why will come later in this piece), nevertheless this is important to the story.

The Astra H came out in 2004 and had to sit along side the Vectra C which was at that stage 2 years old. The Vectra C itself received a facelift mid-2005 to bring its design language up to speed with Astra H BUT the Astra H had not at that point actually had a sedan derivative.

Now the Vectra C itself has been replaced and been replaced with the Insignia.


It's probably fair to assume that because the Astra always followed the Vectra but brought the styling up to date, that it will do the same for the Insignia. The Astra I will I suspect follow the styling of the Insignia to a degree and the the Insignia mid-way through its model life. You can already see part of that design language thrust onto the grille of the sketch that came with Holden's official announcement.

You can probably bet that the Australian built Astra I will replace the current Astra H and the abominable Viva in one swoop; probably have a sticker price of about $22,990 and be powered by a 1.8L and 2.0L petrol, a 2.2L Turbocharged engine and a 1.7L tubrodiesel. Holden won't be reinventing the wheel at all, and because they'll need to look at export markets, it will be identical to everyone else's. More than likely because of Australia's predilection for four door sedans, we're probably likely to build the Astra I sedan here and import the hatchbacks as per existing agreements.

This I find amusing:
Further details about the vehicle including its nameplate
When the news went around yesterday, on Angela Cattern's Drive program and PM which came of after the 6 o'clock news (on ABC 702 Sydney), people were mainly concerned about what the new car was going to be called. Names such as Torana, Gemini and amusingly Bogan were thrown about. As far as I'm concerned, that's the least important part of the car - It's Astra I, by any other name... it's still an Astra.

December 22, 2008

Horse 941 - Holden, Ripping Your Pockets For Fun And Profit



http://www.news.com.au/heraldsun/story/0,21985,24833772-662,00.html
HOLDEN has announced it will use $179 million in government funding to build a new four-cylinder car at its Adelaide plant.
Prime Minister Kevin Rudd today announced the Federal Government will invest $149 million over three years and the State Government will provide a further $30 million to enable the production of a front-drive vehicle fuelled by diesel and petrol, AdelaideNow reports.

When I heard this on the ABC news this afternoon, I wondered what in blue blazes all of the hoohas was about. People from Holden seemed mystified as to what this new car was, and the Federal Government was taking credit where it could as part of its "infrastructure package".

Well people be mystified no more, for the answers you seek are entirely unremarkable.

Consider the following from the above article:
1. Holden's return to building a four-cylinder car at Elizabeth has been rumoured for months.
2. The vehicle will initially be produced with a direct-injection petrol and diesel engine
3. Its new "Delta" global small car platform.
4. The four-cylinder car announcement comes on the back of Ford proposing to build its Focus small car at the company's Broadmeadows plant in Melbourne from 2012.

Four cylinder? Well, Holden has been building the Ecotec Family II engine and derviatives for the past 20 years. Direct Injection or Diesel? Again, Holden already has access to these. "Delta" global small car platform? I think we have a winner... Ford proposing to build its Focus? Now I'm sure of it.

Consider this:
http://media.gm.com/servlet/GatewayServlet?target=http://image.emerald.gm.com/gmnews/viewmonthlyreleasedetail.do?domain=563&docid=48382
Ooh, Tasty!

Or this:
http://blogs.automobilemag.com/6277825/car-news/2010-opel-astra-to-debut-in-frankfurt/index.html


Although it's hard to see, this simple sketch and blurry photo are our first glimpses at the next-generation 2010 Opel Astra hatchback, which will be unveiled at the 2009 Frankfurt motor show.

Considering that Ford are building the Focus from 2012, Holden have managed a coup d'foudre and will be using Government money to set up a production line for a car which will replace something already in their model line up.

Also when you look at this:
http://en.wikipedia.org/wiki/GM_Delta_platform
The new version of the Delta architecture, dubbed Delta II, is currently being prepared by GM-Daewoo.
... and remember that Holden of Australia owns 49% on GM-Daewoo, all the pieces magically fit together. The car which Holden has managed to get free funding for is...
The ASTRA!

So, well done Holden. You've managed to use public panic and general misery to rip $179 million from the public pocket for a project which you'd intended to run all along... Well Done!

http://rollo75.blogspot.com/2006/07/horse-593-holdens-big-mistake.html
This is also a case of "I told you so", on the 17th July 2006!
How come I could see this two and a half years ago?
The highest selling car in Australia for the first time back in March was the Toyota Corolla, No 2 was the Astra followed by the Camry at number three.
Toyota who are the world's biggest car company have shifted more Corollas by nameplate than any other car in history. Get off your big fat noisy horses Holden and out-Corolla Corolla with the Astra!

December 17, 2008

Horse 940 - The Truth About Santa



http://www.itv.com/News/Articles/Teacher-sacked-over-Santa-gaffe-287919224.html

A teacher who told pupils Santa Claus did not exist has been sacked. Year Three children at Blackshaw Lane Primary School in Oldham, Greater Manchester, were left devastated by the news.

One parent said: "My son came home and said that his substitute teacher had told the class that Santa doesn't exist and it's your mum and dad that put out presents for them.

"Apparently, they were all talking about Christmas and being a bit rowdy. She just came straight out with it. "He was nearly in tears - and so close to Christmas. I thought it was wrong. He was distraught about it. He's only seven years old and it's part of the magic of Christmas to him."

A spokeswoman for Oldham Council said headteacher Angela McCormick is preparing a letter of apology to parents. She said the headteacher has complained to the agency which supplied the teacher and added that the teacher no longer works for the school.


Newsflash: Santa Claus is not real, he's a fib.

Moreover, why does the school think it so valuable to preserve a lie? I bet that these are the same parents who would complain if "religion" was being pushed if the teachers dared to actually tell children the real reason for Christmas.

Is this the reason why the teacher was sacked? "I thought it was wrong. He was distraught about it." Because if it is, then that's a pretty poor excuse in all honesty. You have to wonder what provoked the comment in the first place. I'll bet that "being a bit rowdy" was the kid's way of telling the story, I'll also bet that the teacher's way of telling the story would have ended with the words "intolerable little git". Let's keep the fib going shall we? Shall we also tell the kids that their Nintendo Wii was built by elves? That reindeer can actually fly?

Let's look at the "Spirit of Christmas" being invoked here. "He was nearly in tears - and so close to Christmas." Imagine what it's like to be FIRED so close to Christmas, now there's a present for you, how's that for "the magic of Christmas", knowing that you don't have a job because you happened to tell the truth, now there's proof that Santa doesn't exist and if he does then to be quite frank he's a miserable bum.

December 16, 2008

Horse 939 - Detroit et Deus ex Machina?



I cite General Motors particularly in this article, but equally Ford and Chrysler are as much to blame. Detroit is a big behemoth that takes years to react to anything, even when that thing is killing it.

I do feel incredibly sorry for the individual people who will might be losing their jobs. In a time of uncertainty and possible rising unemployment, the "real" people at the work place have families that need to be fed, mortgages of which the banks are not going to show kindness and the very real prospect of upcoming hardship.

General Motors who was once the biggest company in the world, is peering into the financial abyss. Notwithstanding the fact that could have and should have avoided the malaise some time ago and reacted to the fact that people weren't buying their produce some time ago. I myself even foresaw this in June of 2006.
http://rollo75.blogspot.com/2005/06/horse-358-gm.html

One thing that has to be mentioned here is that in the past, when GM said "Jump!" the US Federal Government used to ask "How high?" At one point GM had become the largest corporation registered in the United States, in terms of its revenues as a percent of GDP. In 1953, Charles Erwin Wilson, then GM president, was named by Eisenhower as Secretary of Defense. When he was asked during the hearings before the Senate Armed Services Committee if as secretary of defense he could make a decision adverse to the interests of General Motors, Wilson answered affirmatively but added that he could not conceive of such a situation "because for years I thought what was good for the country was good for General Motors and vice versa". Later this statement was often misquoted, suggesting that Wilson had said simply, "What's good for General Motors is good for the country."

This attitude still seems to persist some 55 years later. The three big automotive companies went cap in hand to the US Congress, of whom it was expected a great wad-o-cash would be handed over; and it seems, they didn't get it.

After three days of negotiations with Republicans, Senator Reid declared the debate was over. There was no prospect of getting the 60 votes needed.
http://business.smh.com.au/business/gm-chrysler-face-bankruptcy-by-end-of-the-year-20081212-6xi9.html

One wonders though if maybe, they didn't ask nicely enough. I find this, er, plea (?) from GM itself, through truth in point it sounds rather like General Motors was trying to hold Congress to ransom:

http://au.youtube.com/watch?v=72cHfOKoA1c&feature=pyv

http://gmfactsandfiction.com/
The effect would be devastating in ways of which you never have thought:
* Nearly 3 million jobs would be lost in the first year alone – with another 2.5 million to follow over the next two years
* Personal income in the United States would drop by more than $150.7 billion in the first year
* The cost to local, state, and federal governments could reach $156.4 billion over three years in lost taxes, and unemployment and health care assistance
* Domestic automobile production would more than likely fall to zero – even by international producers, due to supplier bankruptcies

To sum this up: You'd better give us the money we want or else all these people are gonna lose their jobs. To be fair I think it's quite reasonable that the US Congress told them to go outside and shout at the wall. Certainly the CEO Rick Wagoner doesn't seem to care about his employees, even if the company were to go bankrupt, he's still sitting on $4.6m a year:

http://archive.newsmax.com/archives/ic/2005/11/28/102638.shtml
As General Motors slashes jobs, closes plants and battles to avoid bankruptcy, the company’s CEO has set up a retirement plan that will pay him at least $4.6 million a year – nearly twice his current salary.

So yes, I feel sorry for the workers who are going to lose their jobs but it is simply beyond me to even feel the slightest bit sorry for the company as a whole when their very own CEO (who by the way is currently on $28m a year) and directors like him who should be responsible, think it worthy to scoop the benefits themselves and leave their employees floundering. I for one don't think we'll see Rick Wagoner worrying about where his next meal is coming from in a hurry. This is a far cry from the days of the depression when Henry Ford himself, kept his workers on at the factory and paid them despite not selling anything because he realised that I he kept on paying his workers then they'd keep the local shopkeepers and other people in business.


Almost as an aside though perhaps related, whilst trawling through the news articles this week I happened to find the following through Reuters:
http://www.reuters.com/article/GCA-autos/idUKTRE4B700220081208?virtualBrandChannel=10276

With sport-utility vehicles at the altar and auto workers in the pews, one of Detroit's largest churches on Sunday offered up prayers for Congress to bail out the struggling auto industry.



"We have never seen as midnight an hour as we face this week," the Rev. Charles Ellis told several thousand congregants at a rousing service at Detroit's Greater Grace Temple. "This week, lives are hanging above an abyss of uncertainty as both houses of Congress decide whether to extend a helping hand."

...

Ellis said he started to organize the service last week after hearing from auto workers, retirees and their widows who were all fearful of even harder times.

At one point, Ellis summoned up hundreds of auto workers and retirees in the congregation to come forward toward the vehicles on the altar to be anointed with oil.

"It's all about hope. You can't dictate how people will think, how they will respond, how they will vote," Ellis said after the service. "But you can look to God. We believe he can change the minds and hearts of men and women in power, and that's what we tried to do today."

Does this mean to say that after going to mummy for money, that they're now going to daddy? It is a good and worthy thing to rely on God for His provision (since He provides us with everything anyway) but do you really think that God is going to reward rampant greed, selfishness and poor stewardship?
"When you ask, you do not receive, because you ask with wrong motives, that you may spend what you get on your pleasures" - (James 4:3 NIV)

Did we see this in action? I'm quite sure that the three CEOs of the Automotive Companies didn’t exactly help their case by flying to Washington on separate private jets. I wonder.