NM auto dealer tried to save business by gambling

Courtesy Newsvine - business  Sun, 11/08/2009 - 18:48

A former Albuquerque auto dealer, faced with an ailing economy and difficulty getting credit for his dealership, says he turned to gambling last year in a bid to salvage the business.


 

Related items

U.S. jobless rate dropped to 9.7 percent in January
The unemployment rate dropped unexpectedly in January to 9.7 percent, while employers shed 20,000 jobs, according to a report that offered hope the economy will add jobs soon.

Ray of hope clouded by 8.4 million jobless
The government’s report on the January job market offered fresh hope that the economy is  pulling out of its worst downturn since the Great Depression. But it will be a long climb.

YRC Worldwide reports $95.4M operating loss in 4Q
Trucking company YRC Worldwide posts an operating loss in the fourth-quarter as shipping demand fell significantly in the weak economy.

The Trillion Dollar Meltdown: Easy Money, High...
We are living in the most reckless financial environment in recent history. Arcane credit derivative bets are now well into the tens of trillions. According to Charles R. Morris, the...

The End of Prosperity: How Higher Taxes Will Doom the...
Arthur Laffer -- the father of supply-side economics and a member of President Reagan's Economic Policy Advisory Board -- joins economist Stephen Moore of The Wall Street Journal editorial...


 

Post new comment

The content of this field is kept private and will not be shown publicly.
CAPTCHA
We apologize for the inconvenience. Please help fight spam.
business.marc8.com