New United Motor Manufacturing Inc. (NUMMI) is one of those mytho-poetic phenomena in the U.S. manufacturing sector: a car plant, developed as a cooperative venture between General Motors (MTLQQ) and Toyota, located in Northern California (read: not the decaying industrial heartland). It’s been around since the 1980s, but now GM and Toyota are unwinding their [...]

The other day I characterized Cadbury’s ever-changing, contradictory positions on Kraft’s (KFT) bid for the company as “comical.” Today, the whole thing has become a full-on farce involving not only Cadbury (CBY) (Kraft has remained wisely silent), but also the Wall Street Journal and the rest of the business media.
The headline today is that Cadbury [...]

Of all the insults that the consumer banking industry has hurled at the public’s intelligence in the fight over noxious fees—29 percent credit card interest, arbitrary rate hikes, and the rest of its shoddy practices—the most galling is the argument that for the government to intervene in any of this would be to hamper competition [...]

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