Nortel Networks, Another Victim of the Financial Crisis, Files for Bankruptcy Protection

The financial crisis continues it’s hold on the financial world spreading like a plague through businesses around the world. Nortel Networks, one of the biggest makers of telephone equipment has filed for bankrupty protection today. The crisis seems to be deepening and shows no signs of letting up. Their shares dropped on the news of the bankruptcy.

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Yours in news and information,

Joseph R. Mays

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One response to “Nortel Networks, Another Victim of the Financial Crisis, Files for Bankruptcy Protection

  1. I offered to regenerate the US economy, by providing a NEW clean energy solution that provides more energy than the COMBINED energy yield of ALL known renewable energy methods, at a fraction of the current costs with the added bonust that it systematically reduces oil dependance.

    Communications to the Fed,state depts,governors etc all get zero response…so, talk about being ‘asleep at the switch’ – they all are. As in many cases preceding disasters, governments are warned- nobody listens. So, the fallouts across 2009 will be massive. Neither Obama, or the finest economics team on this globe can fix a thing. Any stimulus that lacks the core component of return on that stimulus, only adds to DEFICIT.

    Talks in the senate may continue..Its unfortunate that politicians merely gab,and are good at fingerpointing..but not one, has a SOLUTION.

    There’s a big difference between ideas,plans, and ‘iron solution’.
    I offer :
    1- Millions of jobs across various sectors
    2- Regeneration of the stock markets
    3- Affordable abundant electricity
    4- Systematic reduction of oil dependance.

    To produce more than 1000x the power of all known alternate energy sources may seem impossible sounding..but it IS possible…and to do it at a fraction of your current costs, might seem even more unbelievable..but its possible.
    Stock markets only revive on solidity,and unwavering confidence. I can provide a catalyst for US to start manufacturing, from the ground up again, with the offshoot spinoffs being millions of jobs, throughout every sector of your society. If I told you its possible to produce 1000x the energy yield of wind/solar energy more cost effectively, and more environmentally friendly what would you do? Laugh? Thats the response of a moron, thats stuck in the realm of only what is known,and too dumb to have any lateral thought beyond that.

    T Boone Pickens – is on a mission that will fail..I tried writing him..perhaps he thinks he’s too witty, or perhaps his people in charge of comms don’t READ. Warren Buffett, is just another billionaire, but he can lose his fortune too, if the status quo of this economic situation does not change.

    Energy – underpins EVERY economy. The highest sophistication,s nothing without power.

    When the US fed, or its state departments actually respond to important communication, then perhaps things can change – until then, the globe will continue its freefall.

    If you know a senator that has a mind, and is also blessed with ears, then notify him or her. Politicians are now more intent on being ‘celebrities’- they seem to forget they are public servants – so, they cannot be reached.

    PE Obama promised to ‘listen’, so lets test that.
    You stepped up to the plate, now it’s time to bat.
    Listening, is infinitely more affordable than the cost of not listening.

    Here is an open challenge to the world’s finest economists and the biggest political team on the globe – I say, your biggest stimulus plans will all fail, because no degree of liquidity injection, cannot stem the root cause of this financial crisis,which is actually ‘mass unemployment’.

    To Mr Geithner – I sent you a communication before you even joined PE Obama’s team.
    To the transition team – I also sent communications…so, the ball is now in your court. You have been told, but listening is really up to you. You can watch the US collapse totally, or have the presence of mind to ‘listen’, and perhaps if you do, you might learn something about expansive clean power generation capability.

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