Hello everyone, well having already blogged about the upcoming week I sat down at my keyboard only to realize I may actually have nothing to write, well hardly as many of you know I'm not one for keeping opinions to myself. Alright, so go get yourself a coffee or tea if you haven't already, it's OK I'll wait here....... twiddle, twiddle, dum dee dum dum dum, twiddle, twiddle, yawn...
OK you're back. So let's look at the week to come.
Seems President elect Obama is going to be annoucing his security cabinet tomorrow with none other than HIllary (I'm not mad a Bill anymore) Clinton as secretary of state. Hmm... a woman secretary, hey I thought woman's rights had gone beyond this, a woman for secretary. OK OK so it wasn't all that funny. There are some in the US media who have criticized Obama's choices for his cabinet stating that he has too many people who may not be able to bring about the new changes he has envisioned and promised. We shall see what this week brings for both his new cabinet announcement and the media's reactions.
As the week begins we'll probably see more turmoil go on with the markets, nothing new here, those of you who have lost your shirts, well prepare to give up your pants. Yours truly was/is not immune to the downward spiral of the markets, but I'm staying steadfast and not making any rash decisions. So far the loss is one on paper as I have no intention of retrieving the money invested. I cannot help but feel for those who were close to retirement and have seen their life savings and retirement funds simply vanish, it must be devastating and my heart goes out to them. The big three automakers I'm sure will continue to count their losses and look for aid in some way. If I may be so bold as make a prediction i believe that of the three the one that stands to lose the most and has the most possibility of going chapter 11 is General Motors. Both Ford and Chrysler will survive the former for their great line-up of trucks and the latter for their Jeep series, ubiquitous Caravan and having pushed boundaries with the likes of the 300, Challenger and Viper. In the case of GM it has been having problems over the last several years, if not decades, keeping up with it's American cousins and the boys from Japan. For starters and, in my opinion, their cars lack luster and crowd appeal as compared to the aforementioned workhorse offerings from Ford's truck division, the muscular Hot-Rod appeal of Dodge and the adventurous youth-targeted Jeep series. The only thing that could save GM, and here I go out on a limb, is if they hurry up and get the Volt in production and out to the public. The Volt, GM's unique entry into the hybrid market is a departure from the other hybrids offered so far. The Volt is powered solely from it's electric motor, the gasoline motor on-board only runs a generator that is able to recharge the batteries and provide for range extension if the driver wishes to go further than the initial 60 Km provided by the charged batteries. All this to say that the Volt could be the answer to GM's problems if they can get it into production and if they can market it appropriately. Everyone must remember that GM got into the electric car business before just about anybody with the amazing EV1 which unfortunately was scrapped, for still clearly unknown reasons. They had a winner then and the new Volt could be a winner now, only time will tell.
I will leave this entry on this last solemn and serious note. The Mumbai attacks in India this past week only makes the world realize that terrorism and hatred still abound and that the earth is no closer to being a safer place. I can only hope that the world somehow finds a way to peace as it would be the greatest gift of mankind to bestow on the future.
Have a great week everyone.
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