The Truth About GM

For months, I’ve been wondering why no one wants to challenge how the politicians spin it. During the Vice Presidential Debate, Biden said:

“Romney said, ‘No, let Detroit go bankrupt.’”

According to the Washington Post:

This statement is drawn from a headline — “Let Detroit Go Bankrupt” — on an opinion article written by Romney for The New York Times. But he did not say that in the article. (He repeated the line, however,on television.)

Although “bankrupt” often conjures up images of liquidation, Romney called for a “managed bankruptcy.” This is a process in which the company uses the bankruptcy code to discharge its debts, but emerges from the process a leaner, less leveraged company.

Ultimately, along with getting nearly $80 billion in loans and other assistance from the Bush and Obama administrations, GM and Chrysler did go through a managed bankruptcy. But many independent analysts have concluded that taking the approach recommended by Romney would not have worked in 2008, simply because the credit markets were so frozen that a bankruptcy was not a viable option at the time.

Biden also overstated the Obama administration’s role in saving the auto industry, glossing over the fact that the outgoing George W. Bush administration first bailed out General Motors and Chrysler.

There you have it. See Wikipedia for all the gory details.

Entourage 2008: Dealing with duplicate event notifications

Scenario: There’s only one instance of the event in my calendar, but 15 minutes before the scheduled time Entourage pops up a notification that lists the event twice.

Others seem to have been able to resolve the issue by rebuilding and repairing the Entourage database, but that didn’t work for me. Since the events I’m having trouble with are recurring events that were scheduled several months ago, I had to take a different approach.

I waited for Entourage to pop up a notification window with duplicate events. I double-clicked on one of the events to open it. When prompted, I selected “all occurrences”. After the event was displayed, I appended some recognizable text to the end of the event title (e.g., “2”) and saved it (ignoring all of the warnings). This allowed me to distinguish between the visible and phantom events by simply looking at my calendar. Return to the notification window, double-click the event that’s not appearing in my calendar, delete it and the duplicates are gone.