My commentary on the car industry using risky subprime loans to increase sales, factory orders declining, jobless in the US remaining at elevated levels and more. I also shop with my friend Nick and discuss how Flint is screwing the teachers. Nick’s channel www.youtube.com GM profits slip 41% as European struggles take their toll www.guardian.co.uk Sub-prime Is Back For Auto Loans, Boosting Sales And Worries www.ibtimes.com Jobless Claims Increase online.wsj.com US Factory Orders Show Unexpected Drop In June www.rttnews.com US Retailers Report solid July Sales Gains, most Top Estimates www.rttnews.com

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