This is actually a genious of an idea.
A small loan company in Latvia is offering no-problem loans to their clients. No paperwork needed, just sign a piece of paper saying that you are using your soul as collateral – i.e. – you don’t repay, you have no soul.
I know that I’d think twice before skipping that payment.
Read Full Story at Reuters:
Would you pledge your soul as loan collateral?
The New York Times is reporting that we’re one step closer to having the GM
mess cleaned up.
Judge Robert E. Gerber released his 95 page decision today, which overturned the 850 objections to the Government buyout, and gave his approval for the American taxpayers to lend the company $1.17 billion dollars.
I am not a fan of government backing, I believe in free enterprise, but I’m almost not a fan of feeling a complete collapse of one of the largest companies in the world. I’m not that brave.
Read Full Details At The New York Times
Plan To Sell G.M. Assets Approved
In “Canadian Economy Not Out of The Woods Yet” , John Morrissey from The
Finanacial Post, tries to rain on my Canada Day, but I didn’t let him.
It is a reality that the economy contracted .1% in April, after a 5.4% drop in the first quarter of this year, but the whole tone of the article is incredibly discouraging, with the heaviest focus on how the American economy is going to effect us.
My question is always why are we only focusing on the American consumer? Let’s look back to a few weeks ago when Goldman Sach’s predicted the Australian, British and Canadian economies to be the leaders out of the recession.
The Americans are our neighbours, our partners, and I believe that we should fully support them through their recovery, but there’s enough Canadian to go around. If you’re an ad agency, are you going to wait for your American clients to start spending money again? If you’re selling t-shirts, do you think they don’t wear t-shirts in brazil?
Let’s of course not forget our cross-provincial business relationships. I sometimes think that we’re so used to crossing the border, that we can forget to cross the mountains, the prairies, and the lakes.
I knock on doors, all around the world, all day long, because when one time zone closes down, another opens. This isn’t 1932 where I have to wait for the telegram to arrive. We can connect with anyone, anywhere, anytime.
There are thousands of economies available to work with – someone needs what you’re selling.
The question is: are you going to wait? Or are you going to hunt?
Blog and Run:
In case you haven’t seen it yet – Fortune has released their mid year 
edition of the “Dumbest Moments in Business”. GM is right at the top of the pack with their Segway/Rickshaw kindof contraption called the “Puma”.
Just my opinion – but I don’t look at this thing and think of the sleek and grace of a big black cat. This actually looks like something Peter Griffin would design in some kind of Family Guy episode.
As you go through the whole list you’ll be reminded that money and brains don’t always go together.
