An interesting fact:
The “Big 3″ are asking the US Government to loan them $25 Billion. Let’s do some math…
- Market Cap of GM: 1.76B
- Market Cap of Ford: 3.32B
- Value of Chrysler: unknown (privately held). Let’s be generous and say $5B
So I’m not going to advocate that the government take these companies over. I don’t think the government should own business enterprises. I also realize that if a takeover bid were to go forward the stock prices of these companies would rise. But still, their combined market value is roughly $10 billion, and they want a bridge loan for $25 billion? That’s insane.
I was disappointed last night, trying the sample ballot tools from MPR, Star Tribune, and League of Woman Voters, I found errors in the results provided by all three.
MPR gave me the wrong slate of school board candidates, and also the wrong judges. The Star Tribune list wasn’t complete, and the League of Woman Voters didn’t highlight contests in the Judicial races, so there were a couple of contested seats that I didn’t look into before going to the polls, and I was caught unprepared.
Disappointing.
The day before the boy she raised is likely to become the first African American to be elected President of the United States, Madelyn Dunham has passed away. It’s just very unfortunate. I hope her spirit is still alive and able to look down to see events transpire tomorrow.
It reminds me of John Adams and Thomas Jefferson, who both passed away on July 4, 1826 — exactly 50 years from the day the Declaration of Independence was signed and our nation gained its independence from Britain.
