I used to live in Pittsburgh (University of Pittsburgh grad student), it is a fantastic town!<quoted text>Otis, it's so bad on the Pitts. site...I even miss your UAW rants...Maybe it'll pick up later, but that site blows in comparison to the trib.,,,,is there a pitt. team in the finals?? BTW..I'm GLAD you're pulling for Pitt.,,,Even with Wings injuries, their chances just shot up with BLACK CLOUD going the other way:)
Watch the development of the GM story...the union labor force of Michigan are deluding themselves if they think GM will survive this bankruptcy. Obama is putting all his eggs into the Chevy Spark??
That is why I was so hard on those guys, they needed to hear a dose of reality from someone besides Gettilfinger. To protect their families, they should be looking to move on and cut their losses. I hear that the Dakotas are actively recruiting workers in Michigan, they should be listening. If they like the outdoors, they should consider the oil & gas industry in the Rockies.
According to the business press and academics, lenders are going to avoid any union-labor business like the plague from here on out, since Obama makes it clear he will stack the deck and give the unions first dibs over bondholders. The unions cut their own throats, they have shown that investing in any union business is a poor decision.
Capitalism has its drawbacks, but business cannot exist without both labor and capital. Obama shoved it down the bondholders throats, they will go to court and sue on constitutional grounds because Obama's deal was blatantly political (skewed towards political supporters). They will have a very strong case.
Good luck to Detroit, the Redwings reminded me of the old Soviet Olympic teams!! However, I'm betting on the Penguins this time, all dynasties collapse.