Archive for March 17th, 2017
Most Important Bankruptcy In U.S. History?
Not Detroit, but General Motor?
But on the fifth anniversary of the crisis, Forbes presents an exclusive, unprecedented look at what really happened during GM’s darkest days, how a tiny band of corporate outsiders and turnaround experts convened in Detroit and hatched a radical plan that ultimately set the foundation for the salvation of the company.
Dan Bigman, Forbes Staff, published on Nov. 18, 2012:
How General Motors Was Really Saved: The Untold True Story Of The Most Important Bankruptcy In U.S. History
Author Jay Alix, one of the most respected experts on corporate bankruptcy in America, was the architect of that plan, and now, for the first time, he reveals How General Motors Was Really Saved.
By Jay Alix
For months the news was horrific, a pounding beat of warm-up obituaries for what once had been America’s greatest and most influential corporation: General Motors.
At death’s door or already in the graveyard were Bear Stearns, Lehman Brothers, Merrill Lynch, AIG and Citibank. The mood was apocalyptic.
With car sales in a free fall from the worst economic downturn since the Great Depression, GM was losing billions and running out of cash. By the time the company closed its books on 2008, it would be in the red by a staggering $30.9 billion.
Chief executive Rick Wagoner led the auto delegation in Washington to seek government funding in order o save the industry and keep GM out of bankruptcy.
Five years later, after an unprecedented government equity investment, GM is thriving and the Treasury plans to sell its remaining stake in the coming months. With countless articles and books now written about the GM restructuring and turnaround–not to mention three years of trumpeting by the Obama Administration taking full credit for the turnaround’s success–the most startling aspect of the prevailing narrative is that the core of how the restructuring really happened, inside GM, is yet to be fully told.
In the popular version of the company’s turnaround story, as GM teetered toward liquidation in 2009, an Obama-appointed SWAT team, led by financier Steven Rattner, swept in and hatched a radical plan: Through a novel use of the bankruptcy code they would save the company by segregating and spinning out its valuable assets, while Washington furnished billions in taxpayer funds to make sure the company was viable.
The real GM turnaround story, significant in saving the auto industry and the economy, is contrary to the one that has been published. In fact, the plan that was developed, implemented and then funded by the government was devised inside GM well before President Obama took office.
In what follows, the inside story of this historic chapter in American business unfolds, laying bare the key facts.
GM’s extraordinary turnaround began long before Wagoner went to Washington in search of a massive loan to keep GM alive. My involvement in that story began in GM’s darkest days, five years ago on Sunday, Nov. 23, 2008, when I visited Wagoner at his home that morning, presenting a novel plan to save General Motors.
As a consultant with expertise in restructurings and turnarounds, I had completed a half-dozen assignments at GM over the years. I had worked with Wagoner in 1992 when he became chief financial officer. I was asked to come in for a two-year stint as CEO of GM’s National Car Rental, the first time GM had recruited an outsider to lead a turnaround in one of its subsidiaries.
By 2008 I had over 20 years of experience with the auto industry and almost 30 years of working on turnarounds.
But for the past eight years I had backed away from business and my firm, AlixPartners, to care for my daughters after the death of my wife. I was essentially “retired.” But GM’s enveloping crisis and my friendship with Wagoner would bring me out.
Early on that November Sunday I called Wagoner at his home in a Detroit suburb. I asked to see him right away, explaining that I had a new idea that could help save the company.
Three hours later I walked through his front door and into his family room. I knew Wagoner believed GM could not survive a bankruptcy. Studies showed consumer confidence would crash. No one would buy a car from a company that was bankrupt. However, what I knew about the economic crisis and GM’s rapidly deteriorating liquidity position told me the company had no choice but to prepare for a bankruptcy.
Yet I agreed with Wagoner. For a global company as big and complex as GM, a “normal” bankruptcy would tie up the company’s affairs for years, driving away customers, resulting in a tumultuous liquidation. It had happened to other companies a fraction of GM’s size. It would mean the end of GM.
“I don’t think the company will survive a bankruptcy,” he told me. “And no one has shown me a plan that would allow it to survive a bankruptcy.”
“Filing bankruptcy may be inevitable, Rick. But it doesn’t have to be a company-killing bankruptcy,” I said. “I think we can create a unique strategy that allows GM to survive bankruptcy.”
Doctors Who Discovered Cancer Enzymes In Vaccines All Found Murdered
Note: This is Not a horror thriller novel. For decades now, vaccins have been laced with viruses to decimate aborigine tribes in Brazil and Africa, in order to take hold of their lands, rich in oil, mineral and water
Several holistic doctors have been found dead, in apparent suicides. The medical community is now speechless due to the timing of their deaths, based on the fact that they were all researchers working on a breakthrough cure for cancer.
Renowned autism specialist, Dr. James Jeffrey Bradstreet, was researching the enzyme prior to his death in July 2015. His body was discovered floating in a North Carolina river with a single gunshot wound to the chest.
Suspicions swirled that the doctor may have been killed as a result of his controversial research. Bradstreet and his colleagues had discovered that the immune system is being compromised by nagalase, which they suspected was being introduced through vaccines.
Dr. Bradstreet was working with a naturally occurring compound that may be the single most effective thing in the immune system for killing cancer cells
Nagalase interferes with an important protein in the body that kills cancer cells, explained Dr. Ted Broer in an interview on the Hagmann and Hagmann Report
This new breakthrough cure, which you can learn more about in the video below, includes the human protein GcMAF (globulin component macrophage activating factor). GcMAF actually activates macrophages that are already existent inside of the human body, and in turn causes the body to destroy cancer cells.
As the body produces this substance naturally, many cancer patients cannot produce enough necessary to ward off the disease. Thankfully, when administered GcMAF, the immune system can become stronger and can fight cancer by itself, without more invasive treatments like radiation or chemotherapy. The GcMAF website says:
“Your GcMAF empowers your body to cure itself. In a healthy person, your own GcMAF has 11 actions discovered so far, including two on cells, three excellent effects on the brain, and 6 on cancer. Amongst these, it acts as a ‘director’ of your immune system.”
The video we have linked shows GcMAF in action by use of time-lapse photography over a period of 60 hours.
It is no wonder that big pharma saw these doctors as their enemy.
Their lives were not payment for the monetary loss the pharmaceutical industry would have taken, and staying informed of information such as this is of the utmost importance.
Ways to fortify your immune system? Particularly during cold season…
RAINE SAUNDERS of “Raine’s medicine cabinet” posted this JANUARY 17, 2014 (selected as one of top posts today)
Beyond Raine’s list of 16 proactive steps to take in order to fortify your immune system, I would like to add one more.
It has been recommended to me by various health practitioners that I supplement with Vitamin D if my levels are low, especially during the winter months.
Dr. Mercola recommends these levels and testing protocols. My levels tend to run low even with regular consumption of vitamin D rich foods, so I take Biotics Research Bio-D-Mulsion Forte Vitamin D via our Amazon affiliation when lab work reveals a need.
Author Raine Saunders
Winter is here, and if you experience cold and flu symptoms a lot this time of year, there are numerous natural ways you can improve your body’s ability to stay healthy – especially with the foods you eat and lifestyle you maintain.
Many people believe that hand-washing is one of the best ways to keep illnesses away. In the last two decades we’ve seen a huge increase of the use of anti-bacterial substances which are supposed to keep our bodies healthier. But actually, these substances are toxic and don’t help our bodies to maintain health. They wipe out all bacteria, and our bodies need good bacteria to function optimally.
There are also many other factors which come into play toward keeping healthy. If your body doesn’t have the right nutrients every day – especially during times of stress, when you consume processed foods and especially those with sugar, exposure to illness from others, and days where sunlight is in short supply – your body will likely weaken and succumb to sickness and disease.
Whether you are a person who tends to “catch” every cold or flu that comes along or you just experience symptoms once in awhile, here are some tips that really work to fortify your immune system:
- Avoid eating processed foods and refined sugars. Fall and winter months are times when people tend to eat more sugary and processed foods due to holiday activities and gatherings. Sugar is a poison to your body and lowers immune system function. This includes foods such as crackers, chips, most breads, bagels, pastas, cookies, desserts, candy, juice, soda pop, and other related items. All of these items contribute to lowered immune system function and poor health. A good rule of thumb to follow – if it is not a whole food, avoid eating it regularly. Load up on real, raw, whole foods for snacks and meals alike.
- Consume plenty of healthy oils and fats. Real, organic butter (grass-fed and raw is a recommended), ghee, extra-virgin, cold-pressed olive oils, coconutoils, sustainably-produced palm oil, and healthy animal fats from organic, grass-fed sources such as lard, chicken, duck, or goose fat, tallow (from beef), and drippings from those same types of animal meats.
- Avoid vegetable oils and trans fats including vegetable shortening, margarine and fake butter spreads, soybean, cottonseed, canola, corn, sunflower, safflower, and peanut oil, which are rancid, contain too many Omega 6s, and have inflammatory and hormonal disrupting properties. These foods are often from genetically-modified sources which are hazardous to health. Some of our recommended traditional fats via our Amazon affiliation:
- Be certain to obtain essential fatty acids and CLA (conjugated linoleic acid) in your diet. Take fish oil daily (good source of Vitamin D), eatgrass-fed meats, pasture-raised eggs, raw dairy, and safe-source fish. Green Pasture Products sells the only fermented cod liver oil in the world and is the best source for fish oil nutrients like Omega 3s, Vitamins A and D, and other trace nutrients. Good sources of other EFAs include healthy oils like cold-pressed organic flax seed oil and coconut oil.
- Continue to eat plenty of organic, GMO-free and pesticide-free fresh fruits and vegetables. Especially those in season in your local area. Vegetables and fruits are high in nutrients and antioxidants which help thwart the development of disease and illness when properly prepared such as cultured or eaten with healthy fats like butter, lard, tallow, coconut oil, or olive oil.
- Drink mineral water or add liquid minerals or fulvic acid. There is some controversy about whether filtered water with added minerals is actually healthy for us to drink because it’s not much different than a lot of processed foods which have been stripped of nutrients and have synthetic added back in. Avoid plastic containers, tap water, and bottled water. Tap water contains toxins and plastic contains pthalates – both of which supress immune system and health. Two other great ways to get minerals is to drink nettles infusions (made with filtered water) or add real sea salt to water and drink throughout the day. Good salt brands include The Spice Lab’s pink himalayan salt , Celtic Sea Salt and Real Salt. Lack of minerals is one of the leading causes of illness and disease. Directions for nettles infusions:
- Get a glass container, which could be a quart-sized or or larger. I normally use either a half-gallon or gallon size, depending on how much I want to make and know my family will consume. We drink nettles daily. You can also add other herbs to your mixture such as mint, chamomile, red raspberry leaf, or others. We love adding mint and always put it in our infusion!
- Cover the bottom of your jar with nettles and other herbs if you desire. I don’t usually measure, but you will want about a half an inch for a quart, and at least one inch for a half a gallon or more. Experiment to see how much you like, as using less will make the infusion weaker, whereas more will make it more potent.
- Add 2/3 cold water to the herbs and 1/3 hot water from the kettle on top. This helps to maintain potency of the nutritional properties of the infusion (not to be confused with most tea that is steeped for just a few minutes in a pot or cup), and still extracts the desired elements into the water due to the long amount of time the mixture is infused.
- When your infusion has brewed for at least 4 and no more than 8 hours, there are two choices about how to drain the herbs: a) you can drain out immediately with a fine mesh metal or nylon strainer and store in the refrigerator. This will require having another clean vessel of the same size in which to store your drained infusion; or, b) you can simply store the finished infusion in the refrigerator as is, and use your strainer each time you pour a glass. Our family prefers option b as we don’t always have another clean vessel available to use.
- I recommend using your nettles infusion up within a 24 hour period as the potency of the minerals and other nutritional elements diminishes rapidly once it is made. You can still drink the infusion beyond 24 hours, but know that benefits will be lessened as time goes on.
- Drink bone broths and incorporate them into your meals as well. Bone broths made from the bones of healthy animals and birds on pasture are full of easily-digested and essential nutrients which can help your body stay healthy such as magnesium, calcium, phosphorus, zinc, amino acids, and glucosamine (for bone health), and gelatin (muscles, metabolism, weight, skin, digestion, hair, fingernails, joint health). Read this post for more information on health benefits and recipes for making your own bone broths at home. More on bone broths.
- Eat real, fermented foods like home-made yogurt, kefir, and sauerkraut. Making your own at home is best for optimal preservation of nutrients and beneficial bacteria, as well as immune supporting and digestive enhancing. Commercial yogurts, sour cream, kefir, sauerkraut, pickles, and other foods do not have the health benefits or probiotic activity of home-made cultured foods.
- Be certain to take a good probiotic each day – especially if you are lacking fermented foods. Good brands include Prescript-Assist, Body Ecology Full Spectrum and BioKult.
- Use digestive enzymes. If you have maintained the Standard American Diet at any time in your life, your digestion is likely compromised. Altered digestive function is one of the cornerstones of disease and illness. Digestive enzymes can help you to digest foods – proteins, fats, and carbohydrates. I use Enzyme Formulations, live enzymes with healing herbals, and Sandrine uses Biotics Research – Bromelain Plus CLA as per her nutritionist Anne Fischer Silva, with great success.
- Watch intake of alcoholic beverages, which tend to increase during holiday months. Drinking excess alcohol can have adverse affects on appetite, blood sugar, blood pressure and cardiovascular function, metabolic processes, and weight. If you are a binge drinker during special occasions, cut yourself off after two drinks and make certain you are eating healthy foods and drinking plenty of water at the same time. Consider unpasteurized beer and wine.
- Make sure you are getting adequate rest and not overextending yourself. If necessary, say no to extra tasks that you know you really won’t have time or energy to accomplish. Stay home on a night where you might normally go out and rest, relax, catch up, and go to bed early. Go to bed by 10 p.m.
- Set aside time for some regular exercise, preferably outdoors. In the colder months people tend to go to health clubs more. Many more toxins lurk indoors during colder months, so bundle up and go for a walk, hike, or bike ride. You’ll be pleased with how exhilarated you feel afterward. If you are a winter sport enthusiast, get out on the slopes and go skiing, snowshoeing, or snowboarding. If you are an equine enthusiast, make time to get out on your horse or a friend’s mount during weather that is not icy.
- Set aside time for contemplation, stress reduction, and relaxation. Whether that is a hot bath, a massage, tai chi, yoga, stretching, meditation or some other method you prefer, make sure you give yourself this time to recharge.
- If you do experience cold or flu symptoms, load up on probiotics, foods with healthy fats, and everything else mentioned above. Take time to pamper yourself (but not with toxic products that contain harmful chemicals – remember -read labels and if you cannot pronounce something or don’t know what it is, avoid!), rest, and put off things that aren’t necessary so you can get back to a state of health quicker and easier. Read this informative post about my home medicine cabinet and things you can do to remedy illness and other health issues.
- Avoid taking pharmaceutical drugs and antibiotics. These substances rarely help your body to heal sooner, are over-prescribed, and actually cause nutrient depletion and lowered immune system function by wiping out friendly bacteria that is vital to health. For information on nutrient depletion caused by drugs, read Supplement Your Prescription: What Your Doctor Doesn’t Know About Nutrition by Dr. Hyla Cass, M.D.
If you cannot shake a cold or flu symptoms consider visiting an alternative health care practitioner such as a chiropractor, naturopathic physician, accupuncturist or other qualified individual. These practitioners are often very successful in alleviating health issues and perform treatment based on the cause of the problem rather than just treating symptoms.
If you maintain a schedule of eating traditionally-prepared real food, avoid processed foods and beverages, take proper supplementation when needed, obtain moderate activity, exercise, rest, and relaxation, you will likely notice an improvement in the way your health responds. My hope is that you will have more energy, feel more productive, and fortify your immune system.
What would you add to this list?
Photo credit: Wil Taylor
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Lucid Dreaming: Can it be Controlled? A science to back it up?
A week ago, I watched a documentary on Lucid Dreaming. It means this ability to be aware that you are dreaming and decide to alter the course of events in the dream to satisfy your desires…
One handicap in the research is the rarity to finding Lucid Dreamers who can submit to the experiments.
Occasionally, I am aware that I am dreaming and I do my best to alter this state of wakefulness, particularly, when the dream is a horror movie or a re-run that I try to cut it short. Generally, this attempt to control my dream is terminated by waking up and I continue to edit the dream lying in bed, eyes closed.
Maria Popova posted in Brain Pickings
Trekking the continuum of sleep and wakefulness in a journey into meta-consciousness.
As if the science of sleep and the emotional function of dreaming weren’t fascinating enough in and of themselves, things get even more bewildering when it comes to lucid dreaming — a dream state in which you’re able to manipulate the plot of the dream and your experience in it.
But how, exactly, does that work and can you train yourself to do it? Count on AsapSCIENCE — who have previously explored such mysteries as how music enchants the brain, the neurobiology of orgasms, and the science of procrastination — to shed some light:
Everybody has 3-7 dreams a night — the problem is, we quickly forget them.
(Then again, the probability that you are dreaming this very minute might be one in ten, so it might all be moot.)
For a deeper dive into the scientific nitty-gritty of lucid dreaming, see Stephen LaBerge and Howard Rheingold’s 1991 bible Exploring the World of Lucid Dreaming and LaBerge’s follow-up, Lucid Dreaming: A Concise Guide to Awakening in Your Dreams and in Your Life.
Treat yourself to this fantastic and mind-bending Radiolab episode about how one man cured himself of a recurring nightmare by learning lucid dreaming: