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Feud between CNBC and The Daily Show continues to escalate
July 17, 2018 · Uncategorized · (No comments)

Wednesday, March 11, 2009

Jim Cramer, CNBC’s host of Mad Money, plans to appear on The Daily Show Thursday, in the midst of an escalating feud between Cramer and the Comedy Central show’s host, Jon Stewart.

Jim Cramer has been the only CNBC employee to publicly respond to Daily Show segments strongly criticizing the television business news channel’s financial coverage during the growing global recession, particularly focusing on specific remarks by made by Cramer.

The feud began on March 4, when The Daily Show aired an eight-minute clip lampooning CNBC. The comedy news show featured several clips of pundits, focusing particularly on predictions or reports by CNBC reporters that The Daily Show argued were overly optimistic or too strongly slanted in favor of the companies being discussed.

In one clip, a CNBC host reported Merrill Lynch said it would not need capital, which The Daily Show followed with a list of billions in bailout money the financial services firm has required since September. In another clip, Jim Cramer is shown allegedly affirming “Your money is safe in Bear Sterns”, followed by a Daily Show statement that the global investment bank went under six days later.

“If I’d only followed CNBC’s advice, I’d have a million dollars today,” Stewart said during the bit, “provided I’d started with a hundred million dollars.”

Although most CNBC reporters and executives declined to comment, Cramer defended himself in a column published Monday, claiming the clip was taken out of context. Cramer said he wasn’t talking about buying Bear Sterns stock, but simply reassuring a viewer that his liquidity held in Bear Sterns was safe.

“The absurdity astounds me,” Cramer said of the Daily Show bit. “The fact that I was right rankles me even more.”

Later that day, The Daily Show responded with another montage of clips, this time more specifically targeting Cramer.

“So Jim Cramer, I apologize,” Stewart said ironically, then promptly showcased video of Cramer suggesting the safety of Bear Stearns stock 5 days prior to the collapse of Bear Stearns on Mad Money’s Lighting Round. Provokingly, Jon Stewart then admitted, “He’s not saying literally ‘I’m asking you to buy Bear Stearns,’ for that you have to go back a full 7 weeks” this time showing video footage of Cramer on January 24, 2008, telling TheStreet.com TV viewers to specifically “buy Bear Stearns” stock 7 weeks before it collapsed.

The following day on March 10, Cramer responded again during a Tuesday appearance on the Today show, saying, “[Jon Stewart] is a comedian, and he’s decided to focus on some calls I made during a bull market. The guy is a comedian. Did I make a mistake? First of all, any time you recommend a stock and it goes down, you’ve made a mistake. Here’s a shocker: Almost every stock is down! Any stock you recommended is bad. You know, Warren Buffett, I could run tapes from him, he would look like a complete fool.”

The feud between The Daily Show and CNBC generated a significant amount of attention in the mainstream media. The Associated Press called the first Daily Show bit a “brutal takedown” of CNBC. Other publications, like New York magazine, defended CNBC, writing, “We doubt there’s a single news outlet that hasn’t made a misstatement regarding the economy in the past year.”

The Thursday Daily Show sketch ran the same day CNBC reporter Rick Santelli was scheduled to appear on the show, to discuss his vocal criticisms of President Barack Obama’s plans for dealing with foreclosures. Santelli cancelled the appearance, but Daily Show executives said the CNBC montage was not retaliatory and that they planned to show it before the cancellation was announced.

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On the campaign trail in the USA, September 2016
July 17, 2018 · Uncategorized · (No comments)

Friday, October 21, 2016

The following is the fifth edition of a monthly series chronicling the U.S. 2016 presidential election. It features original material compiled throughout the previous month after an overview of the month’s biggest stories.

In this month’s edition on the campaign trail: an arrest warrant is issued for the Green Party presidential and vice presidential nominees; the “Birther King” opens up about Donald Trump’s changing view on President Obama’s place of birth; and Wikinews interviews a write-in presidential candidate hoping to run the “most libertarian” campaign in history.

Contents

  • 1 Summary
  • 2 Arrest warrant out for Green Party nominees
  • 3 ‘Birther King’ reacts to Trump’s change of heart
  • 4 Wikinews interviews libertarian write-in candidate
  • 5 Related articles
  • 6 Sources
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Edinburgh Fringe festival begins
July 16, 2018 · Uncategorized · (No comments)

Wednesday, August 9, 2006

The 60th Edinburgh Festival Fringe, the “world’s largest arts festival” opened on Sunday, August 6. It features more than 1,800 shows put on by 17,000 performers in 260 venues.

The Fringe now dominates the group of annual arts festivals that draw 750,000 visitors to Edinburgh every year, last year 1.3 million tickets were sold for Fringe shows. Anyone can register, pay a fee, find a venue and put on a show at the Fringe, famous for its quirky choice of venues – this year, they include a double-decker bus, a swimming pool, tree and a toilet; and “Hamlet” is being performed in a bouncy castle.

An estimated 160,000 people watched the Fringe Festival Cavalcade, a jamboree of more than 3000 marchers, which marks the launch of the Fringe.

Fringe director Gudgin urged audiences to be selective, saying that it would take five years, 11 months and 16 days to see all the shows back-to-back. The Festival is scheduled to end in August 28.

A recent Edinburgh City Council study concluded the Fringe brought more than £75m to the local economy each year. The festival’s job openings included rickshaw drivers, show announcers to shouts details of the impending show and tell the audience when it is time to take their seats, and collectors to pick up flyers that people throw away.

Contents

  • 1 Good opening
  • 2 Religious satire prominent
    • 2.1 Religion and politics mix
  • 3 Controversy over Churchill’s cigar
  • 4 Funding woes
    • 4.1 Fees go up
  • 5 External links
  • 6 Sources

Strong earthquake hits northern Pakistan

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Strong earthquake hits northern Pakistan
July 16, 2018 · Uncategorized · (No comments)

Friday, October 30, 2009

An earthquake measuring 6.0 on the Richter scale hit Pakistan on Thursday at 23.44 local time (+18.44 UTC). The epicentre was in the Hindukush mountain range. The earthquake was mainly felt in Islamabad, Rawalpindi, Muzaffarabad, Lahore, and Faisalabad.

The quake lasted approximately for twenty seconds. Many people rushed out of buildings, fearing that they would collapse, but no damage from the tremors was reported.

As the epicentre of the quake was deep in the mountains, along the border with Afghanistan, not much damage was caused. This is the second time that the region was hit by earthquake with an epicenter in the same region of Hindukush.

Last week, a 6.2 magnitude earthquake struck near the Afghanistan-Pakistani border.

Gunman commits suicide at University of Texas

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Gunman commits suicide at University of Texas
July 13, 2018 · Uncategorized · (No comments)

Tuesday, September 28, 2010

A man wearing a ski mask and carrying an assault rifle apparently killed himself in the library of the University of Texas in Austin, Texas earlier today.

The university was placed under lockdown and all classes were canceled as a result of the incident. Nobody else was hurt, but police are still looking for a possible second gunman. Art Acevedo, the chief of Austin police, said that officials are also considering the possibility of explosives left by the suspect. Armored vehicles were seen moving around the campus in response to the event, as well as {{w|SWAT team|SWAT teams}, bomb-sniffing dogs, and police helicopters. An ambulance was seen around 9:00 a.m. CDT (1400 UTC) at the University of Texas’ Perry-Castaneda library.

The school’s website included a notice this morning, which read: “The person involved in this morning’s shooting on campus has been confirmed dead on the sixth floor of the Perry-Castaneda Library from an apparent self-inflicted gunshot wound. Law enforcement are searching for a second suspect. If you are off campus, STAY AWAY. If you are on campus, lock doors, do not leave your building.” The gunman was reportedly killed by a self-inflicted gunshot wound, and no shots had been fired by law enforcement officials.

The shooter has not yet been identified, and the reason behind the incident is not yet known. Witnesses described the man as wearing a dark suit and ski mask, and carrying an assault rifle. Randall Wilhite, a professor at the university, said that he heard gunshots while going to class and saw the suspect heading toward the library just after 8:00 a.m. CDT (1300 UTC). The gunman appeared to be firing shots randomly. “When I pulled up in my car, he stood right in front of me and didn’t stop running but turned in my direction, fired three shots into the ground to the left of my car and kept running,” said Wilhite. The gunman had the chance to shoot students, added Wilhite, but he did not appear to be targeting them.

The school, which has around 50,000 students, sent out an alert around that time warning students to stay where they were. Robby Reeb, a senior at the school, said that “a guy sprinted past me screaming, ‘There’s a guy with a gun.’ I looked up and saw a man in a ski mask, wearing a suit, and carrying an assault rifle. And I called 911.”

Police said that the gun used in the shooting was an AK-47, and that they were examining two different crime scenes: where the shots were fired outside, and where the gunman was found dead in the library. Police would not say whether he was attending the university. Chief Acevado said that there were “reports of a second suspect that was wearing a beanie with a long rifle, wearing blue jeans and a black top” that “may or may not be a white male.”

Several hours after the lockdown began, police allowed students to leave the university’s campus, although nobody is still allowed to enter.

The school was also the site of a shooting spree on August 1, 1966, in which university student Charles Whitman fatally shot fourteen to sixteen people and wounded another 32 before being himself killed by law enforcement authorities; reports of the exact death toll are inconsistent. Whitman, a former U.S. Marine, shot students from the observation platform of the school’s tower. That event was the deadliest school shooting in the United States until the 2007 Virginia Tech massacre.

US: Evidentiary documents released in Golden State Killer case

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US: Evidentiary documents released in Golden State Killer case
July 11, 2018 · Uncategorized · (No comments)

Friday, June 1, 2018

On Friday, the Sacramento, California County Superior Court in the United States, with Judge Michael Sweet presiding, publicly released approximately 123 heavily redacted pages from an 800 page document related to the trial of 72-year-old Joseph DeAngelo, in the Golden State Killer (GSK) case. The high-profile case prompted the defense to motion delaying the release on the grounds of jury tainting.

From 1974 to 1986, there were 12 murders, 45 rapes, and 120 burglaries ascribed to the GSK. Many of these crimes were initially attributed to separate suspects, and California investigators coined such nicknames as “East Area Rapist,” “Original Night-stalker,” “Visalli Ransacker,” and “Diamond Knot Killer.” All these identities were later determined to be the GSK. DeAngelo is currently being charged with first degree murder with special circumstances, and is being further investigated for the 1975 first degree murder of Claude Snelling.

GSK’s alleged victims include 18-year-old Janelle Lisa Cruz on May 4, 1986; 35-year-old Cheri Domingo on July 27, 1981; 27-year-old Greg Sanchez on July 27, 1981; 24-year-old Keith Harrington on August 21, 1975; 27-year-old Patti Harrington on August 21, 1975; 21-year-old Brian Maggiore on February 2, 1978; 20-year-old Katie Maggiore on February 2, 1978; 44-year-old Dr. Robert Offerman on December 30, 1979; 35-year-old Debra Manning on December 30, 1979; 35-year-old Lyman Smith on March 13, 1980; 33-year-old Charlene Smith on March 13, 1980; 45-year-old Claude Snelling on September 11, 1975; and 28-year-old Manuela Witthuhn on February 5, 1981.

Law enforcement used DNA and other evidence to link the twelve known murders attributed to the GSK to suspect DeAngelo. Any DNA from rape kits and burglaries that predates 1970 is only admissible in court for murder cases because of California’s statute of limitations. The DNA evidence allegedly implicating DeAngelo was not found through the Federal Bureau of Investigation (FBI)’s Combined DNA Index System (CODIS) database, which catalogs 20 sections of DNA from local, state, federal, and some international agencies making a unique profile for 16 million individuals, but CODIS did rule out other GSK suspects, like Paul “Cornfed” Schneider and Joe Alsip.

Instead, law enforcement used a nuance investigative technique, comparing GSK’s DNA profile against the open-sourced GEDmatch’s genealogical DNA database. The GEDmatch’s database flagged a GSK blood relative and, with other evidence, DeAngelo was suspected of being involved with GSK’s crimes. The genealogical website methodology is not unique to the GSK case. GEDmatch’s database was also used to identify 51-year-old William Earl Talbott II in the 1987 rape and homicide of Jay Cook (20) and Tanya Van Cuylenborg (18) in Seattle, Washington.

The newly released documents reveal DeAngelo’s DNA was not collected via a warrant but rather from the door handle of his personal vehicle as he was shopping in a local Hobby Lobby on April 18. A secondary sample was collected from a tissue found in the garbage on April 23. The door handle and tissue DNA were compared to a semen sample from a known GSK murder that had been confirmed using the CODIS’s 20 section DNA profile standard. On April 24, DeAngelo was arrested for the twelve GSK murders. A warrant for DeAngelo’s Citrus Heights, California residence disclosed dozens of wedding rings, photographs, driver’s licenses, and other objects allegedly taken from victims as trophies.

Public defender David Lynch, tasked with defending DeAngelo, motioned for the 800 documents to be sealed until trial to prevent the jury from becoming tainted. Lynch has also questioned the validity of certain search warrants for undisclosed reasons. Prosecutors from Sacramento, Ventura, Orange, and Santa Barbara counties have not determined the best way to prosecute DeAngelo considering the complexity, age, and multiple jurisdictions of the case.

DeAngelo was, until 1979, a police officer in small California towns. After allegedly stealing a hammer and dog repellent, DeAngelo was subsequently fired from the Auburn, California police force. He later became a truck mechanic near Sacramento.

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Somali pirates hijack Indonesian tugboat and Turkish container ship

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Somali pirates hijack Indonesian tugboat and Turkish container ship
July 11, 2018 · Uncategorized · (No comments)

Wednesday, December 17, 2008

Two more vessels have been hijacked in Somalia. Pirates have captured an Indonesian tugboat with a barge that was working for French oil firm Total and a Turkish container ship.

The Turkish vessel’s seizure was confirmed by a US Fifth Fleet spokesman. MV Bosphorus Prodigy is a 330 ft (100 m) container vessel flagged in Antigua and Barbuda. It is owned and operated by Isko Marine Company based in Istanbul.

The Fifth Fleet could not confirm the tugboat’s seizure, but an anonymous official with Total in Yemen could. He explained the boat and barge were headed to Malaysia from the Yemeni port of Mukalla. He said the crew consisted of both Indonesians and other nationalities, and that the vessels, which had been hired by a subcontractor, were not carrying any oil at the time.

The new hijackings came as the United Nations Office on Drugs and Crime asked for greater policing in the area by international bodies, and for the signing of agreements that allowed the arresting officer to take pirates back to the officer’s country for prosecution.

“Pirates cannot be keelhauled or forced to walk the plank, nor should they be dumped off the Somali coast,” said the office’s head Antonio Maria Costa. “They need to be brought to justice”.

Questions raised about McCain’s choice of Palin, aides insist “thorough vetting” process

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Questions raised about McCain’s choice of Palin, aides insist “thorough vetting” process
July 10, 2018 · Uncategorized · (No comments)

Wednesday, September 3, 2008

Various questions have been raised about the choice of Alaska Governor Sarah Palin as Senator John McCain’s choice for Republican vice presidential running mate. There have been doubts over how thoroughly McCain had examined Palin’s background before announcing that he had selected her to be his running mate on August 29. McCain’s advisers insist that Palin was “thoroughly vetted,” a process that would have included a review of all financial and legal records as well as a criminal background check.

Palin is the Republican Party’s first female candidate for Vice President. In 1984, Geraldine Ferraro was Walter Mondale’s running mate on the Democratic Party ticket.

Yesterday, Palin and her husband issued a statement saying that their 17-year-old unmarried daughter Bristol is five months pregnant and that she intends to marry the father of the baby. The statement came after media speculation and internet rumours that Palin’s 4-month-old son, Trig, was in fact her grandson, and that the mother is Bristol.

Senator Barack Obama, McCain’s opponent in the 2008 election, was asked to comment on Palin’s family situation:

“Let me be as clear as possible… I think people’s families are off-limits, and people’s children are especially off-limits. This shouldn’t be part of our politics. It has no relevance to Governor Palin’s performance as governor or her potential performance as a vice president,” said Obama.

Obama further told reporters to “back off these kinds of stories” and noted that he was born to an 18-year-old mother himself. Obama became annoyed when asked about a news report that quoted an unnamed senior McCain campaign aide saying that Obama’s name appears in liberal blogs speculating about Trig’s parentage. “I am offended by that statement… There is no evidence at all that any of this involved us.”

“We don’t go after people’s families; we don’t get them involved in the politics. It’s not appropriate, and it’s not relevant,” Obama added. “Our people were not involved in any way in this, and they will not be. And if I ever thought that there was somebody in my campaign that was involved in something like that, they’d be fired.”

The McCain campaign said that Senator McCain was aware of Bristol Palin’s pregnancy before he asked her mother to join him on the ticket. McCain reportedly did not see the pregnancy as a detriment to Governor Palin’s selection as the vice presidential candidate.

McCain told reporters that he was satisfied with his campaign’s vetting process: “The vetting process was completely thorough and I’m grateful for the results.”

Governor Palin has hired a private lawyer in a legislative ethics investigation in Alaska into whether she abused her power in dismissing the state’s public safety commissioner, Walter Monegan. The investigation is checking into whether Palin dismissed Monegan for his reluctance to fire Palin’s former brother-in-law, Mike Wooten.

There is no sign that Palin’s formal nomination this week at the Republican National Convention was in jeopardy. The controversy adds anxiety to Republicans who are worried that Democrats would use the selection of Palin to question McCain’s judgment. Republicans were quick to note that Palin has “more executive experience” in elected office than does Obama and have gone on the offensive.

McCain’s choice of Palin came as a shock to some, after it was expected that McCain would choose Joe Lieberman, Tim Pawlenty, or Tom Ridge for the vice presidential nomination. McCain had reportedly met Palin only twice before her selection, and had his first face-to-face interview with her on August 28. McCain offered Palin the vice presidential spot just moments after their meeting concluded. The two appeared at a campaign rally event the following morning in Dayton, Ohio.

Nine dead after armed Santa Claus opens fire in LA suburb

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Nine dead after armed Santa Claus opens fire in LA suburb
July 9, 2018 · Uncategorized · (No comments)

Monday, December 29, 2008

At least nine people have been killed in a two-story house in Covina, California, after a man dressed in a full Santa Claus outfit opened fire at a Christmas Eve party and then set the house ablaze. Covina is a city in Los Angeles County, California about 22 miles (35 km) east of downtown Los Angeles.

According to local police, the Christmas party at the 1100 block of East Knollcrest Drive was attended by about 25 people. Trend News Agency said that the gunman fired two semi-automatic handguns and used an apparently home-made pressurized device to spread some kind of accelerant. As the guests tried in vain to escape, the gunman used his ‘present’ to spray inflammable liquid that started the raging blaze. Reports from the scene said Molotov cocktails were also used by the madman.

Media reports said the gunman was plotting vengeance against his ex-wife. Prime suspect, Bruce Jeffrey Pardo, age 45, six-foot-three-inch, 250 pound (1.9 meter, 113 kilogram), an electrical engineer, is long time Roman Catholic church usher and a laid-off aerospace worker. He worked with ITT Electronic Systems, Radar Systems, in Van Nuys from February 2005 to July 2008, and as an engineer at Northrop Grumman for five months in 2005, according to Court records. He had also worked for about nine years at NASA’s Jet Propulsion Laboratory in Pasadena until 1994.

Pardo’s ex-sister-in-law, who escaped from the Covina house alive with her injured daughter, called 911. Police on Friday released her 911 audio.

Msnbc.com has reported that Pardo “has brown hair and blue eyes, and known to frequent La Crescenta and La Verne.” Court records reveal that Mr Pardo’s wife acrimoniously divorced him last September. The divorce decree was finalized December 18. Until earlier this year, he lived in the Sylmar house with his ex-wife and her three children. The marriage lasted barely a year. However, Pardo held no criminal record and had no history of violence.

There is some speculation that the divorce may have been caused by Pardo concealing a paraplegic child from a previous relationship. Matthew, his nine-year-old son, by another former girlfriend, Elena Lucano, became brain damaged when he fell into a backyard swimming pool on Jan. 6, 2001. Pardo kept this child a secret from his wife. Pardo owed her $10,000 as part of the divorce settlement, according to court documents that detailed a bitter split. He also lost a dog he doted on and did not get back a valuable wedding ring. Pardo complained in a court declaration that Sylvia Pardo was living with her parents, not paying rent, and had spent lavishly on a luxury car, gambling trips to Las Vegas, meals at fine restaurants, massages and golf lessons.

After the mass murder, Pardo put on his street clothes and drove his rental Dodge Caliber car to the house of his brother, Jimmy Pardo, in Sylmar, approximately 30 miles away from the crime scene, where he committed suicide from a self-inflicted gunshot wound to the head. His brother was not present in the home and he broke inside to enter in. It was believed that Pardo intended to flee to Canada by plane as he had bought an airline ticket to a flight there from Los Angeles to Moline, Illinois. However due to suffering from severe third-degree burns on both arms stemming from the blaze, he decided to go against the initial plan.

Police had found $17,000 cling-wrapped on his legs inside a girdle, the car key, and his rental car that had been parked on Herrick Avenue, one block from his brother’s house, which had been rigged by remnants of his Santa suit that would ignite a flame and detonate the car with black powder if removed. Also recovered from the scene were four 13-round capacity handguns that were each empty, and at least 200 rounds of ammunition. Suggesting that what had been inside the car was being treated as a threat, police fired an incendiary device into it, destroying and burning it.

The police found on early Thursday, Mr Pardo bore a single gunshot wound to the head. According to LA County coroner’s official Ed Winter, the bodies found in the ashes were “extremely charred and burned.” All three of Sylvia Pardo’s children — Selina, Sal and Amanda — survived. According to the Scott Nord, the Ortega family lawyer, “the entire family was wiped out, and there’s basically like 16 orphans.”

Three other party guests have injuries, according to police. A 16-year-old girl was shot in the back, and an eight-year-old girl suffered facial gunshot wounds that were not life-threatening, while a 20-year-old woman had a broken ankle, after jumping from a second-story window, the police specified. About 80 firefighters put off the fire that soared fifteen metres (40 to 50 feet) high for more than one hour. The police discovered two handguns at the scene, and found two more in the in-laws’ house. Media reports on Friday said the 16-year-old daughter of Sylvia Pardo was released from Los Angeles County-USC Medical Center.

Meanwhile, investigators served a search warrant at Pardo’s Montrose house, where they retrieved evidence of high-octane racing fuel, five empty boxes for semi-automatic handguns, as well as two shotguns.

Covina police Lt. Pat Buchanan on Saturday said they are looking for Pardo’s rented gray 1999 RAV4, with California license plate 5RYD562. Police have found the second rental car Saturday night in a Glendale, California but found no bombs nor any explosives.

The police also revealed Saturday the names of nine people missing since the Christmas Eve massacre occurred. They are Pardo’s ex-wife, Sylvia Pardo, 43; her parents, Joseph Ortega, 80, and Alicia Ortega, 70; Alicia Ortiz, 46, and her son, Michael Ortiz, 17; Sylvia’s brother, Charles Ortega, 50, and his wife, Cheri, 45; another brother, James Ortega, 52, and his wife, Teresa, 51, according to Lt. Buchanan. “Hopefully, we’ll get positive identifications early next week,” Covina Police Chief Kim Raney said.

A murder-suicide is an act in which an individual kills one or more other persons immediately before, or at the same time as, killing him or herself. According to the psychiatrist Karl A. Menninger, murder-suicide or murder and suicide are interchangeable acts – suicide sometimes forestalling murder, and vice versa.

Bmw Takes Two On Merger}

July 9, 2018 · Uncategorized · (No comments)

BMW takes two on merger

by

Evander Klum

DaimlerChrysler, parent automaker of Mercedes-Benz, has already signed the papers to their corporate divorce while their strong rival BMW is planning to launch a takeover bid for Volvo earlier this year as revealed by Autocar. It can be noted that most analysts have expressed their concern over mergers in the auto industry saying that it is not pragmatic. But it looks like BMW just dont want itself to be daunted by the number of failed mergers in the industry and preferred to personally experience it.

Anyway, the Bavarian automaker and producer of high quality BMW exhaust have already requested a complete breakdown of Volvos financial position from a European investment bank which is handling enquiries on behalf of Ford, the owner of Volvo. Reliable sources have also revealed that BMW has earlier eyed the Alfa Romeo as its takeover target.

According to industry experts BMW is planning to expand its range of brands to support the future growth of the company. Likewise, part of its plan is underpinning the front-wheel-drive Mini division by expanding its output and it can do so with the help of Volvo.

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Why Volvo? Company bosses at BMW saw Volvo as the fitting global brand complimentary to BMW, which they deemed has considerable room for growth and room to accommodate Volvo. Although BMW will always emphasize driving pleasure, Volvo on the other hand will contribute safety and environmental concerns to the mix.

At present it not yet clear what BMW plans are but its probable that the larger saloon and estate models of Volvo just in case would be switched to BMW platforms offering both rear-and four-wheel drive. The smaller cars in the Volvos range would remained front-drive and would probably be merged to the Mini family expanding this model range.

The Mini brand is currently one of the biggest problems of BMW and it has already been forced to allot additional investment just for the redesigning of the new Mini as well as engineering the Mini Clubman estate. But despite all the efforts Mini sales are still down on their 2005 peak and the BMW insiders admit that a total annual output of 250,000 to 270,000 cars is just not enough to secure a profitable long-term future for the Mini brand.

Potentially with Volvo, BMW could build the proposed large five-door Mini and Mini SUV on the same front-drive chassis as the future S40 and V50. And lets just say for the sake of argument that this was done, an annual output of 500,000 upmarket Volvo and Mini front-drive cars could ensure long-term profitability.

The expectation for future profit is not new when it comes to merger in fact every one of those failed union in the auto industry is hoping for the same thing thats why they merge in the first place. Unfortunately, none of those merges survive except for the seven years partnership between Nissan and Renault but even their union is still uncertain and nobody knows what may happen in the future.

And let us not forget that seven years ago BMW was humiliated when it incurred massive losses which forced it to split up and sell the Rover Group which it bought in 1994. The question now is: Has BMW forgets the lessons of the past or has it learned a lot to create a new successful partnership? Well only BMW can answer that.

For more about your

BMW exhaust

needs, visit your trusted online source.Evander Klum is a Business Administration graduate who hails from Alabama. He enjoys extreme sports and he is also a car racing fanatic. At present, he works as a marketing manager at an advertising agency in Cleveland.

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BMW takes two on merger}