"Just curious Jeye, what was the date of that post by mallen?"
"Less then 2 years ago."
I was hoping you would be a little more specific. Never mind, I looked it up myself. It was Oct 11, 2014 10:24 PM.
And he was right. Can't imagine why you would want to bring that up.
"The bond holders should have gotten all the remaining equity and they did not. "
There were two kinds of bond holders at the bankruptcy.
First, the long term holders. My question to them is why were you still holding the bonds? To anyone with half a brain, watching the deterioration of the GM financials in the year or so preceding 2009, it should have triggered a sell for the bonds.
Second, the bond speculators. These are people that buy bonds knowing they are risky for pennies on the dollar. They lost on this one. That's why they call them risky.
"As a result, too many unqualified kids are going to college and those that don't are branded as losers."
In addition, the other group is qualified kids that DON'T go to college. I knew lots of skilled trades people that should have gone to college but didn't due to various factors. Some because of lack of finances (although there are alternatives if you look for them, I was one of them but found a pretty good engineering school that didn't cost my folks anything), others due to lack of maturity (most of them regret their decisions later).
I tried to talk an exceptional electrician into going onto supervision, but because the GM benefits and wage structure was so skewed to the represented people, there was no incentive for him to do so.
"If my post seemed negative, it was only to balance out the GM Corporate "Lollipops and Unicorns" version of the sales figures."
"Bottom line is, sales were down yet again, inventory numbers rose, and days of supply is up to a larger than desired level (over 70!) again. GM dealers now have over 700,000 unsold vehicles on lots.
They only sold ~255k even with one more selling day than last year."
Yea, maybe a tad negative. I thought maybe you had missed the good parts since you didn't talk about them.
"Was that necessary?"
"After three years kids are divided. Those going on to a university would go and eliminate the first two years of college. Those that are not would learn a USEFUL trade."
This would not be unlike the French Baccalaureate exam. It is administered to high school students and if a student doesn't do well enough, the most they can hope for is to get into a vocational school. It also determines what level of university a student can attend. The highest grades are eligible for one of the École Supérieure.
".We have to rethink education,jobs , the whole nine yards. The future is here. Young people understand this better than we do."
What do you suggest?
"I have some sympathy for all these kids that got conned into believing that a college degree - any college degree - is an automatic ticket to success. "
Maybe a degree gets you an interview. Depending on what the degree is in, maybe it even gets you a job. But the rest is up to the individual.
".....lower the SS age to 55,and start-on a graduated basis moving towards a 24-28 hour work week."
Let me ask you this Jayhawk, do you have sudden cravings for souvlaki and kalamata olives?
Just asking because I'm pretty sure you must have some Greek heritage since you have a lot in common with them in your thought process.
"We had some really good welders some were bitter after the merger."
I bet they were! Couldn't sit in the weld booth and play cards anymore.
"June sales are NOT strong numbers, imho."
I would agree....not in total. But when you look at the content of sales, it appears that the mix number is going to be very good:
-Daily rentals down 22%
-Retail sales up 1.2%
-FS Pickups down slightly, but
-Yukon XL +7.8%
And while volume is not too high on them (but margin is great):
-Escalade ESV +19.1%
I was surprised to see that the new XT5 sold 4185 units, seems to me that's a pretty good number for an expensive sedan. Impala's and Malibu's had nice gains over last year.
ATP's were $4400 over industry average, and incentive spending was well under industry average. And I wish they published field inventory by model. I would be willing to bet that the inventory is less than last month on trucks.
There, NOW we have a balanced view.
"Addressed in a brilliant piece in the NY Times two months ago. I do not agree with their solution,but the Times writing this piece means it will be read in the correct places"
So why don't you share the article's title so we all may enjoy it?
"Only 200k, or less than 2% of 11.6 million jobs for high school grads?
I don't believe it."
Just since the great recession. In fact, she says in the article only 80K went to high school grads.
From an article by Tami Luhby of CNN Money titled "College grads are getting nearly all the jobs":
"Of the 11.6 million jobs created after the Great Recession, 8.4 million went to those with at least a bachelor's degree, according to a new report from the Center on Education and the Workforce at Georgetown University.
Another 3 million went to those with associate's degrees or some college education. "
Not going to be much of a future for unskilled...or even skilled workers here in the future. Better make sure your kids are prepared.