Finally some commonsense new from Detroit.
After the ineffectual board did nothing while Wagoner presided over the destruction of $82 billion and failed to grasp what had to be done from a product standpoint and to wring genuine concessions from the UAW, the Obama administration has done what had to be done. The board will also undergo a massive purge in due course.
Nor surprisingly, gasps of outrage from the both the UAW and the CAW are the first sounds to reverberate across the industry.
Canadian Auto Workers president Ken Lewenza called the Wagoner move “shocking” and said it “makes Canadian workers nervous.”
Elastic Utility Computing Architecture for Linking Your Programs To Useful Systems – is an open-source software infrastructure for implementing “cloud computing” on clusters. The current interface to EUCALYPTUS is compatible with Amazon’s EC2 interface, but the infrastructure is designed to support multiple client-side interfaces. EUCALYPTUS is implemented using commonly available Linux tools and basic Web-service technologies making it easy to install and maintain.
25% in at S&P 600
If Robespierre were to ascend from hell and seek out today’s guillotine fodder, he might start with a list of those with three incriminating initials beside their names: MBA.