If you’re like me, when you hear the word Czar you think Russia.  Maybe the word dictator comes to mind as well.  For the life of me, I can’t understand why czar is now associated with the car industry and the finance industry.  The car czar and compensation czar are terms coined by the media.  As [...]

A hedge fund manager has decided to speak out against Obama’s criticism of the hedge fund industry.   Clifford Asness, managing partner of AQR Capital Management, wrote a letter to other hedge fund managers that has now been made public.  He felt the letter was the best way to “stick up” for an industry that [...]

“The White House confirmed yesterday that the $8 billion in “bridge loans” the U.S. taxpayer has given to Chrysler over the past six months, including $4 billion in bankruptcy financing, won’t be paid back.  Taxpayers also won’t be getting Chrysler stock in exchange.”  - http://tinyurl.com/dngtpl
So, President Obama has paid back the UAW for their support [...]

Yesterday, President Obama spoke about the future of the American car industry.  He said GM and Chrysler have to change and develop the green cars of the future.  He said Chrysler will need to most likely partner with Fiat to use their technology to build smaller green cars right here in the US.  This makes [...]