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Gm Does It Matter

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by Matt Cooper
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Sep 25 2007 12:00am EDT

GM: Does It Matter?

The General Motors strike may be the lead story in the Wall Street Journal today but it's telling that the bigger headline is given to Microsoft possibly buying a stake in Facebook.

If someone had suggested to you as recently as 10 years ago that the two stories would be on par in the nation's leading financial newspaper, you'd have to have thought they were smoking something.

I'm agnostic on where the strike will lead although I'm sure inflation hawks, of which there are still too many with too much influence, will look at any settlement as pressure on prices and argue against more rate cutting by the Fed.

For a story about a union that's doing quite well, thank you, see my piece in the October issue of Condé Nast Portfolio on the Nevada caucuses and the role of the Culinary Workers of America Local 226.

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