Pt. 1 ... Economic opinion ...a little scary economics ...
probably helped too. Even visit Dearborn and see what they have been doing for the future Ford and GM. ... "General motors video" mining ...
The Surge in U.S. Personal Bankruptcies, Foreclosures and Job Losses
PumaLiberty is in the process of exploring the basis of political (and related economic) woes currently facing our nation. While we will periodically share information created by other organizations, we do not necessarily endorse the content of any material that’s not generated by the PumaLiberty group. The following material is for informational purposes only.
by Bob Chapman
Global Research, January 9, 2010 The International Forecaster
http://www.globalresearch.ca/index.php?context=va&aid=16874
The number of Americans filing for personal bankruptcy rose by nearly a third in 2009, a surge largely driven by foreclosures and job losses.
And more people are filing for Chapter 7 bankruptcy, which liquidates assets to pay off some debts and absolves the filers of others. That is significant because a 2005 overhaul of federal bankruptcy laws aimed to encourage Chapter 13 filings, which force consumers to sign onto debt-repayment plans in exchange for keeping certain assets.
The changes were designed to make it more difficult for people to shed their debt, particularly in a Chapter 7 filling. A “means” test, for example, was introduced to separate those who could afford to repay their debt from those who couldn’t. A Chapter 7 filing is off the table if the means test determines a person is able to pay back at least a portion of the debt after it is restructured.
The worst U.S. recession in a generation is testing the effectiveness of these laws. The economic downturn also has prompted more middle-class Americans to file for bankruptcy protection.
Overall, personal bankruptcy filings hit 1.41 million last year, up 32% from 2008, according to the National Bankruptcy Research Center, which compiles and analyzes bankruptcy data. It is the highest level of consumer-bankruptcy fillings since 2005. Consumers rushed to file in 2005 before the new bankruptcy laws took effect in October of that year.
...2002 bmw m3 picture Directory
Ford Motor Credit, the lending and financing arm of Ford, told ... affected by the job cuts, while the company's Dearborn headquarters will largely be spared. ...
On Monday Ford Motor Co. announced details of a long-term restructuring plan that will result in plant closings, product changes, and employee layoffs. ...
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As owner of the Ford Motor Company he became one of the richest and ... His mother, Mary Litogot Ford (1839–1876), was born in Michigan; she was the youngest ...