About LCT Blog

Welcome to LCT Blog, LCT Magazine's blog devoted to "stretching chauffeured transportation." The LCT team appreciates you clicking in, and hopes you'll find some useful and entertaining information. Read more

Contributors

Martin Romjue

Martin Romjue joined LCT Magazine as editor on Jan. 2, 2008. He most recently worked as a business editor for the Los Angeles Newspaper Group, and previously reported at newspapers in Virginia, Florida, and California. Read more

Jim Luff

Jim Luff is an operator from Bakersfield, CA who wears a few different hats. Jim began his career in the industry as a private chauffeur in 1990. In 1993 he found a permanent home at The Limousine Scene as the general manager, later becoming a partner. Read more

Michael Campos

Michael Campos joined LCT Magazine as assistant editor on January 3, 2011. He is a graduate of the University of Southern California’s English/Creative Writing program. Michael attended his first International LCT Show in February 2011, where he met and interacted with operators and vendors. He will be helping LCT further develop its digital media content. Read more

<< Grass Is Greener Limo Service | Home | Good News Where You Can Get It >>

DEVASTATION?

BIG 3 COLLAPSE WOULD BE CATASTROPHE: A leading analyst said today that if Ford, GM, and Chrysler file for bankruptcy, the American economy would violently contract. Full story and his words: 

A Deutsche Bank economist quantified the impact of the collapse of the trio on the American economy. Deutsche's Joseph LaVorgna estimates that if the auto-makers were to file for Chapter 11 bankruptcy protection in the first three months of next year, it could cause US GDP to shrink by at least 4% as auto production would fall by 30% to 35%. He also believes unemployment would immediately leap from its current level of 6.5% to as high as 8.25%.

Print | posted on Thursday, November 20, 2008 12:56 PM
blog comments powered by Disqus Please add 5 and 3 and type the answer here:
Copyright © LCT Magazine