Scary!

Filed under: Business Blitz

U.S. automaker GM has revealed that it lost $30.9 billion last year and that just in the last three months of 2008 it burned through $6.2 billion of cash.

Posted: Feb 26, 2009 at 12:44 pm / Email this »

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24 comments to “Scary!”

La última Diva says – reply to this

1

thanks for the news downer! geez shut up about this shit perezita
Whatever-u-say! says – reply to this

2

Now this is scary! GM will be out of business soon!
generator06 says – reply to this

3

I agree. I watch the national news, read newspapers and check out CNN.com regularly. I don't understand why you feel the need to report this. Stick with the mindless bullshit you put on here. This is supposed to be an escapist site.

Next, Brian Williams will be talking about crotch shots and how much he loves Lady GaGa.
miz beezie.. says – reply to this

4

DON'T WORRY, WHEN THEY LOOSE THEIR JOBS THEY CAN GET ON WELLFARE PEOPLE LIKE US WHO WORK HARD WILL PAY FOR THEIR MEDICAL BENEFITS, THEIR FODD AND WHAT THE HELL THEIR CRACK TOO…
flitey333 says – reply to this

5

Serves them right. They screwed Detroit up in the late 80's and virtually destroyed Detroit single handedly. Goes to show what goes around comes around.
sausage says – reply to this

6

its a dinasaur, along with Chrysler.
M*I*A*R says – reply to this

7

They make shit cars!
DSummerfan says – reply to this

8

Bush 8 years administration fuck everyone well. Bush's friends got all the juice !!!
LizardKinG says – reply to this

9

How much do they want congress write the check….
HeyJay469 says – reply to this

10

Time to even out the wealth….karma is a bitch!
Charmer says – reply to this

11

I'm really starting to believe that the continual gloom-and-doom reporting every single friggin' morning is having its own negative effects. Yep, we all know the economy sucks hard right now, do we really need to see yet another news blurb about how bad it is?? How can confidence be raised when all we hear 24/7 is ugliness & fear? I'm not advocating sticking our heads in the sand but c'mon already - do YOU feel better about shit when you're told every minute of every day how ugly it is? I know I don't.
DikinCider says – reply to this

12

unions had their place and purpose at one time, im sorry but the uaw screwed all of the car companies. this is just one part of the problem, the major problem is the ignorance of the car companies
Can't wait for your 15 minutes to be up says – reply to this

13

They are just hemorraging!!
M*I*A*R says – reply to this

14

Re: M*I*A*R – AND trucks AND SUV's.
Car Confessional says – reply to this

15

Where did they lose it to, their new plant in Brazil or some other up and coming GM International plant with one third the labor overhead? What a shame; for North American workers.
justtfax says – reply to this

16

been in the news all week. and of course, they need more money and congress will probably give it to them instead of letting them shut down or try and see if someone/something will buy a subdivision or two. the money they are asking for is just pushing them along for a few months more. and thousands and thousands and thousands of cars are sitting on the lots not being sold. WHAT IS THE SOLUTION?
vengance says – reply to this

17

STUPID GM LOST 9.6 BILLION IN Q4 2008….30.9 FOR THE ENTIRE YEAR.
IF YOU'RE GOING TO TRY TO BE "NEWSWORTHY" GET THE FUCKING FACTS RIGHT…
Munche says – reply to this

18

What the fuckity fuck kinda of sentence is that?
brainchild says – reply to this

19

That'll drive ya to drink!!
Junkie says – reply to this

20

time to close up,they make the shittiest cars on the market..next to ford and chrysler
celebnewsjunkie says – reply to this

21

I drive a POS GM car. I would trade it in and get a Toyota but Im trying to save money. But I think GM needs to fail. Make a better fucking car and maybe people will want to buy them.
Bones15 says – reply to this

22

How the hell did they do that??
Fucking assholes.
wonderfalls says – reply to this

23

I'm going to say something very unpopular but maybe the government should think twice about bailing out GM. It's one tough call but infusing capital into a company that is no longer profitable will only further our recession. Maybe out of the ashes, a phoenix will rise. I don't wish the death of American car companies - quite the opposite.
eternalcanadian says – reply to this

24

that is crazy. what the hell are these big companies doing that they're losing all this money and chomping at the bits for government funding? it is crazy. these people are paying their ceo like a million or two a year, and yet??? talk about not knowing how to budget or use their money wisely.

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Criss Angel Responds To Recording Of Altercation! Says Producer Provoked Him!

There are two sides to every story! Here's his!

In light of the audio recording released yesterday that featured Criss Angel threatening to knock out one of his producers, the illusionist's attorney, Ken Woloson, has released the following statement:

"Criss Angel was in the process of firing Joe Safuto on Wednesday when Safuto became abusive and Criss asked him to leave. Criss decided to fire Safuto in response to repeated complaints from co-workers and other magicians about Safuto's abusive and violent behavior and general ineptitude. Witnesses have attested that there was no physical contact and that Safuto very clearly was the antagonist. The audio released to the media is a snippet of a much longer conversation. We are exploring legal action against Mr. Safuto, including for his defamatory and illegal conduct."

Ouch! Sounds like he means business!

Give the clip a listen again (above)!

It DOES certainly sound like Angel was provoked! But enough to respond like he does?

What do U think?? Who's really at fault here??