Government Motors, British Style

By: Dan McLaughlin (Diary)  |  December 8th at 12:30 PM  | 

Claire Berlinski on the pathetic British history with nationalized car companies: British Leyland was born. It held 40 percent of the UK car market and within five years lost nearly a quarter of it. Why? The early seventies saw ever more intense competition from continental auto manufacturers, as well as the rise of the Asian car tigers. Leyland’s management was inflexible and slow to adapt. | Read More »

Robbing Peter To Pay Peter

By: Dan McLaughlin (Diary)  |  October 29th at 05:52 PM  | 

So Charlie Rangel and other New York Democrats want a federal bailout for state and local governments: “Our hope is that the leadership of both parties will be able to confer and come back after the election, and see what we can do to provide assistance to our local and state governments, as we have been able to do for our banking and finance industry,” | Read More »