[lbo-talk] good news!

Doug Henwood dhenwood at panix.com
Mon Jul 2 19:38:10 PDT 2007


On Jul 2, 2007, at 10:21 PM, Michael Smith wrote:


> On Mon, 2007-07-02 at 18:42 -0400, Doug Henwood wrote:
>
>> Today, bad news greatly outweighs the good. In the good column: "GM
>> up on painful wage cuts."
>
> One is tempted to ask: In what sense is this "news"?

My guess is that the Delphi deal made wage cuts at GM more likely - there was a shock to expectations, as they say.

Doug



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