Bloomberg.com: Worldwide
Posted by TFG on 22nd July 2008
GM, Ford `On the Verge of Bankruptcy,’ Altman Says (Update2)
By Greg Miles and Caroline Salas
July 22 (Bloomberg) — General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, have about a 46 percent chance of default within five years, according to Edward Altman, a finance professor at New York University’s Stern School of Business.
Maybe this means I can pick up a nice F250 FX4 or a Duramax at a price commensurate with the reality of the market.
Meanwhile, here’s some Talking Heads — via Varifrank:
What I think about when I watch this is what a freaking toad I was back then, because I thought it was the most important cinematic offering of the decade. Today, I shock myself by remembering correctly that Tina Weymouth was the chick bassist. But Frank is right - Barry does look he borrowed his older brother’s suit for the student government election. Worse, he sounds worse than that guy with the broken leg in Election. Everytime I hear that guy on the teevee, I think to myself, “This guy is supposed to be an orator?”
And on the other hand, I still think Thurston Moore is a genius:
I think we need a YouTube without all the horrible art-film videos making fun of dorks like me, since the music just kicks. The guitar break at 2:30-ish still gives me goosebumps. Kim Gordon is the chick bassist here, and she did some awesome vocals, probably the best of SY. Her voice on top of the rest of that, erm, Sonic-ness, was fucking wild back in the 80s. Check it:
That video very accurately predicts and pre-skewers practically everything that’s happened pop-wise since.
OK, then.
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