Bailout needed? The question that comes to mind is whether or not automobile manufacturers' top management should check their achieves dating back to the 1970's and move forward? Why? In this case, sometime during the '70's more specifically from 1971 - 1977 Oldsmobile purchased for millions, probably the low millions, the blueprints and rights for a solar-driven engine for automobiles. The low millions was a lot of money back then.
The purchase was made from a Bend, OR man who designed such a solar engine. Of course, shortly after the acquisition was completed, the whole subject faded away. What do automobile manufacturers do with such blueprints and schematics? Bury them? If so, did succeeding management teams dismiss or forget about them and like inventions?
We can forgive the management teams that followed or not. GMC management could have or still could make incentives to Engineering-Bills-Of-Materials Coordinators, underpaid data entry personnel and/or file clerks to find the blueprints and others like them.
Let's get real. Oldsmobile and/or any other automobile company would never have paid that kind of money back then for something that did not work.
The proof of this story should be in the (1) Oregonian archives in Portland, OR and/or (2) the radio station therein or (3) in the blueprints themselves in GMC Oldsmobile achieves. Fourth, for those of you who have the time to research the patents' archives section of the USA Patents & Trademarks Department (USPTO). Hey, it could be that those patents and many like them have expired.
Oldsmobile once a division of GMC was once one of the USA's historical automobile manufacturers. The car itself was manufactured from 1897 - 2004 when it closed its doors. In its day, it was a stylish-great-comfortable gas guzzling car. According to Wikipedia it produced 35.2 million cars over its 107 year history.
| VENTURA'S WESTSIDE OIL
INDUSTRY EMPLOYMENT UP
200% - 350%
By: Joanne F. Robinson Updated: 08/06/09
Extra! Extra! Read all about it! Ventura Westside oil industry employment hit a long-time high in 2008 for the first time in years. Employement rose upward 200% - 400%. With prices per barrel reaching high levels earlier last year, it became economically worth it for Ventura oil companies and/or larger owned oil corporation subsidiaries to get back into the drilling and production of oil. This means that capped oilrigs were placed back into production while new exploration projects are a work-in-process. The oil industry in Ventura has definitely created a domino effect generating jobs both in the oil industry itself and by way of support business, i.e., heavy equipment companies such as "OST" and "T & T Truck & Crane", chemical engineering, equipment, tool and supply companies, environment control businesses and the like. These are usually high paying where employees' earnings allow some expendable money.
In taking a tour of the Ventura's oilfields one can see the oilrigs are alive and pumping - the sound and look of Gold Coast gold. Town Biz 101 has been told that in 2009 overtime has been cut.
In addition, there is a pocket of office personnel positions in the downtown offices that is up 275%. Employment in the remainder of those offices remain flat which means that it is neither up nor down.
There is an exception. That is City Hall which threathens to drop at least seven to twenty jobs if Venturans do not vote for increased taxes. Now, the seven to twenty jobs mean a layoff of 1% - 3%. Question many have is whether that small percentage is worth a tax increase.
As for the medical offices positions, employment is flat - again, neither up nor down.
Although other medias created the "economic fear factor" by crying economic "gloom and doom", that seems to be "misinformation" with regards to Ventura, CA. It appears that the "economic fear factor" woes created for Ventura by the media and other worldwide economic crises, i.e., home mortgage banking, drop in the stock market, and increase in gas prices, combined with new sewer and water lines plus road repair have created a drop in spending here, too. Venturians like elsewhere have cut back on their spending. Tragically, that spending reduction has resulted in a drop of sales for boutiques and shop owners. Entrepreneurs and restauranteurs alike are claiming revenue is down 30% - 40%. In the last few months coupled with those who are leaving, Downtown Ventura alone has lost at least seventeen businesses - their American dream.
There should have been good news to all of this dominos effect. The new jobholders in Ventura are consumers who need to eat, dress, require insurance, and pay lots of taxes, of which, some of the money should be going into the city's coffer.
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