- Lines at the ER, a television boom, emptying suburbs. A catastrophic economic downturn would feel nothing like the last one. – The Boston Globe – Today, however, whatever a depression would look like, that's not it. We are separated from the 1930s by decades of profound economic, technological, and political change, and a modern landscape of scarcity would reflect that. What, then, would we see instead? And how would we even know a depression had started? It's not a topic that professional observers of the economy study much. And there's no single answer, because there's no one way a depression might unfold. But it's nonetheless an important question to consider – there's no way to make informed decisions about the present without understanding, in some detail, the worst-case scenario about the future.
- Bob Sutton: The Auto Industry Bailout: Thoughts About Why GM Executives Are Clueless And Their Destructive “No We Can’t” Mindset – I could list hundreds of management, cultural, and operational reasons why I believe that GM is such a flawed organization, but to me, a pair of root causes standout: Most of the senior executives — and many of the managers — are (1) clueless about what matters most and (2) suffer from a “no we can’t” mindset.
Tags: automotive, bailout, Business, cost, creditcrunch, Daily Links, depression, Economics, economy, finance, GM, industry, management, prediction, recession, strategy
