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GM, Ford `On the Verge of Bankruptcy,' Altman Says (Update2)

By Greg Miles and Caroline Salas

July 22 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the two
biggest U.S. automakers, have about a 46 percent chance of default within
five years, according to Edward Altman, a finance professor at New York
University's Stern School of Business.

``Both are in very serious shape and the markets reflect that,'' Altman, the
creator of the Z-score mathematical formula that measures bankruptcy risk,
said in an interview with Bloomberg Television. The model shows that these
companies are ``on the verge of bankruptcy,'' he said.

The Z-scores for GM and Ford give both a bond rating equivalent to a CCC
ranking, though GM is in slightly worse condition than Ford, Altman said. GM
reported a $38.7 billion loss in 2007, the biggest in its 100-year history,
and hasn't posted a profit since 2004. The scores are based on the
companies' finances at the end of the first quarter.

GM, Ford `On the Verge of Bankruptcy,' Altman Says (Update2)

By Greg Miles and Caroline Salas

July 22 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the two
biggest U.S. automakers, have about a 46 percent chance of default within
five years, according to Edward Altman, a finance professor at New York
University's Stern School of Business.

``Both are in very serious shape and the markets reflect that,'' Altman, the
creator of the Z-score mathematical formula that measures bankruptcy risk,
said in an interview with Bloomberg Television. The model shows that these
companies are ``on the verge of bankruptcy,'' he said.

The Z-scores for GM and Ford give both a bond rating equivalent to a CCC
ranking, though GM is in slightly worse condition than Ford, Altman said. GM
reported a $38.7 billion loss in 2007, the biggest in its 100-year history,
and hasn't posted a profit since 2004. The scores are based on the
companies' finances at the end of the first quarter.

By Greg Miles and Caroline Salas

July 22 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the two
biggest U.S. automakers, have about a 46 percent chance of default within
five years, according to Edward Altman, a finance professor at New York
University's Stern School of Business.

``Both are in very serious shape and the markets reflect that,'' Altman, the
creator of the Z-score mathematical formula that measures bankruptcy risk,
said in an interview with Bloomberg Television. The model shows that these
companies are ``on the verge of bankruptcy,'' he said.

The Z-scores for GM and Ford give both a bond rating equivalent to a CCC
ranking, though GM is in slightly worse condition than Ford, Altman said. GM
reported a $38.7 billion loss in 2007, the biggest in its 100-year history,
and hasn't posted a profit since 2004. The scores are based on the
companies' finances at the end of the first quarter.

GM, Ford `On the Verge of Bankruptcy,' Altman Says (Update2)

By Greg Miles and Caroline Salas

July 22 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the two
biggest U.S. automakers, have about a 46 percent chance of default within
five years, according to Edward Altman, a finance professor at New York
University's Stern School of Business.

``Both are in very serious shape and the markets reflect that,'' Altman, the
creator of the Z-score mathematical formula that measures bankruptcy risk,
said in an interview with Bloomberg Television. The model shows that these
companies are ``on the verge of bankruptcy,'' he said.

The Z-scores for GM and Ford give both a bond rating equivalent to a CCC
ranking, though GM is in slightly worse condition than Ford, Altman said. GM
reported a $38.7 billion loss in 2007, the biggest in its 100-year history,
and hasn't posted a profit since 2004. The scores are based on the
companies' finances at the end of the first quarter.

GM, Ford `On the Verge of Bankruptcy,' Altman Says (Update2)

By Greg Miles and Caroline Salas

July 22 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the two
biggest U.S. automakers, have about a 46 percent chance of default within
five years, according to Edward Altman, a finance professor at New York
University's Stern School of Business.

``Both are in very serious shape and the markets reflect that,'' Altman, the
creator of the Z-score mathematical formula that measures bankruptcy risk,
said in an interview with Bloomberg Television. The model shows that these
companies are ``on the verge of bankruptcy,'' he said.

The Z-scores for GM and Ford give both a bond rating equivalent to a CCC
ranking, though GM is in slightly worse condition than Ford, Altman said. GM
reported a $38.7 billion loss in 2007, the biggest in its 100-year history,
and hasn't posted a profit since 2004. The scores are based on the
companies' finances at the end of the first quarter.

GM, Ford `On the Verge of Bankruptcy,' Altman Says (Update2)

By Greg Miles and Caroline Salas

July 22 (Bloomberg) -- General Motors Corp. and Ford Motor Co., the two
biggest U.S. automakers, have about a 46 percent chance of default within
five years, according to Edward Altman, a finance professor at New York
University's Stern School of Business.

``Both are in very serious shape and the markets reflect that,'' Altman, the
creator of the Z-score mathematical formula that measures bankruptcy risk,
said in an interview with Bloomberg Television. The model shows that these
companies are ``on the verge of bankruptcy,'' he said.

The Z-scores for GM and Ford give both a bond rating equivalent to a CCC
ranking, though GM is in slightly worse condition than Ford, Altman said. GM
reported a $38.7 billion loss in 2007, the biggest in its 100-year history,
and hasn't posted a profit since 2004. The scores are based on the
companies' finances at the end of the first quarter.

We can make energy out of matter, and matter out of energy. With cold
fusion, we will unlock the power of the atom, and the world will have
infinite energy and be able to create matter out of energy and thus
infinite wealth.

Cold fusion is for real. Just like the light bulb it may take many
attempts to get it right.

Thomas Edison failed more than 1,000 times when trying to create the
light bulb. When asked about it, Edison allegedly said, "I have not
failed 1,000 times. I have successfully discovered 1,000 ways to NOT
make a light bulb." He then succeeded, and now the world has light.

Cold fusion is for real.

http://en.wikipedia.org/wiki/Cold_fusion

From Wired Magazine "What If Cold Fusion Is Real?"

http://www.wired.com/wired/archive/6.11/coldfusion_pr.html

"That's what makes cold fusion so nonreproducible," says Storms. "You
have to load the palladium with very high concentrations [of
deuterium], and many samples simply won't tolerate it."

The biofuels industry is responding to OPEC's claims that ethanol is
the
reason for high gas prices. Yeah right! Ethanol keeps the prices
lower.
Several biofuels organizations issued the following press release to
draw
attention to their ad in the Financial Times. If you click on the link
at
the bottom you can view the full ad.

Links:
http://www.goodfuels.org/opec
http://www.prweb.com/releases/2008/7/prweb1115304.htm