Tuesday, August 27, 2019

Editors’ Picks
Nick Hagen for The New York Times
Cadillac’s Last Stand? Storied Brand Aims (Again) for Revival
Once the epitome of luxury, the high-end General Motors line is attempting another makeover to catch up with rivals.
Tuesday, August 27, 2019

Webmaster's Pick
Cadillac Ranch, Amarillo, TX
Pre-GM bankruptcy Cadillacs making their last stand at the Cadillac Ranch, Rt. 66, Amarillo, TX
Cadillac’s Last Stand? It Should Have Been.
GM declared bankruptcy in 2009 and, in a move that could only occur in politicized, i.e. state, capitalism, it was bailed out by the federal government.

Contrary to normal bankruptcy procedure, where the bankruptcy is filed in the state where the insolvent debtor is incorporated (Delaware), or where its major operations are carried out (Michigan), GM's bankruptcy was filed in New York City, the home of Wall Street.