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Financial Meltdown Coming in the Car Rental Sector
Goldman Sachs and announced that its research indicates that the car rental industry sector is over-fleeted, meaning that the major car rental groups have way too many cars for the number of folks traveling these days. Many of the largest car rental chains are showing a ‘revenue per day’ challenge due to higher fuel prices and fewer travelers, even business travel is down sharply as companies sharpen their pencils, lay-off employees and cut travel costs.
The Financial Crisis Results From Unregulated Capitalist GreedThis past weekend while most of us were asleep, at church or simply trying to enjoy ourselves, the Bush administration concocted the greatest government intervention in the financial markets since the Great Depression of the 1930s. Basically, the plan will stem the credit crisis which was threatening to bring about the collapse of Wall Street and financial markets around the world.