General Motors going to be bankrupt? (on this day July 2, 1954)

July 11, 2008

Do I mean GM is morally bankrupt, for being the leader in building SUVs and devastating entire US states with shuttered auto plants (despite the SUVs)? Not that kind of bankruptcy, but real bankruptcy. GM’s stockprice yesterday reached a level last seen on July 2, 1954.

President Eisenhower was in his first term of office and Elvis Presley wasn’t a household name yet, just a truck driver. It would be another month before the B-52 would first fly, and Sports Illustrated would have its first issue.

On (or around) July 2, 1954:

Sports: 68th Wimbledon Mens Tennis: J Drobny beats K Rosewall (13-11 46 62 97)

Politics: House Resolution 235 was designed to revise the IRS code to remove restrictions placed on churches and non-profit organizations in 1954 by then-Senator Lyndon Johnson. Prior to 1954, churches and non-profit organizations had no such restrictions on their freedom of speech or their right to speak out in favor or against political issues or candidates.

History: Food rationing (carry over from the human and economic disaster of WW II) ends in the UK the next day. Marmite is a carry over from the war days.

Music: #1 on Billboard in the US is Kitty Kallen‘s “Little Things Mean A Lot”

Advertisements

One Response to “General Motors going to be bankrupt? (on this day July 2, 1954)”


  1. […] General Motors going to be bankrupt? (on this day July 2, 1954) […]


Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: