Word: liquidations
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...first week were the Ford Focus, Toyota Corolla and Honda Civic (all made in the U.S. but with lots of foreign parts). Now the turned-in vehicles (the Ford Explorer led the list) are headed for the scrapyard, but only after their engines are snuffed with a solution of liquid glass (sodium silicate) to keep them from ever befouling the air again...
...order to receive federal reimbursement for the subsidy consumers get for trading in their cars, dealers must first destroy the engine. One common method is to drain the car's oil and flood the engine with sodium silicate, or liquid glass. Dealers then turn the car on and rev the engine to let the solution harden. In just a few minutes, the car becomes inoperable. (Read "How Bad Are Auto Sales? 10 Questions and Answers...
...former ballerina, had a diagnosis of terminal liver and pancreatic cancer; because assisted suicide is illegal in Britain, they traveled to a Zurich clinic, where, for a fee of about $7,000 per patient, the group Dignitas arranges for death by barbiturate. "They drank a small quantity of clear liquid and then lay down on the beds next to each other," their son Caractacus said. They fell asleep and died within minutes, he reported, calling it a "very civilized" final...
...market simultaneity. If mortgages aren't the best thing, it's, "Let's get rid of the mortgage desk and we'll hire them back in a year." People were working a hundred hours a week, but constantly talking about job insecurity. Wall Street bankers understand that they are liquid people. It's part of their culture. I had bankers telling me, "I might not be at my job next year so I'm going to make sure to get the biggest bonus possible." I had bankers who advised the AOL-Time Warner merger saying, "Oh, gosh, this might...
...Wall Street has not changed is precisely because we - as in most Americans - are so tied up in it. Our 401(k)s and our pension funds are tied up in Wall Street doing well, even if we don't think this particular system of short-term bonuses and liquid culture is a good long-term strategy. Wall Street's values have reached out to so many corners of people's daily lives that actually changing the system means everyone has to change. (See 10 ways your job will change...