Another famous naval saying

Tuesday, December 9th, 2008

Reading about the bankruptcy of Chicago Tribune, the bailout of the Detroit 3… just the bad news which begets more bad news recalls the thinking of our Chief Gunner’s Mate:

When in danger, when in doubt, run in circles, scream & shout.

Willa Cather, Alfred Sloan, Charles Kettering & the Detroit 3

Friday, December 5th, 2008

“All life is lived in that interval between memory and desire.”

Stayed-up to watch replay of the Senate hearings for the automotive bailout. I cheered for the candor of Ron Gettlefinger, President of the Auto Workers Union. The CEOs of Ford, Detroit and Chrysler projected the credibility of, well, used-car salesmen. A sad and saddening spectacle of the once proud engines of our economy, now with a combined market capitalization equal to about 25{915b2618a7c304f461205894c34b2284541042d3c677679407e2f30838792dcd} of the cash that Apple has on hand, politely threatening the country with a contribution to the financial mess unless we provide $30 billion in hand-outs to forestall briefly their inevitable demise. A long way from the business model innovations of Alfred Sloan and the technical innovations of Charles Kettering.