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...insist that when you combine the replacement demand, scrappage rates, demographic changes and an economic recovery, there's a case to be made that North American demand will approach 16 million units within five years. "We haven't seen this kind of positive force in replacement demand for this amount for a while," says the auto economist. And thanks to growing overseas markets like China and Russia, where GM is well positioned, industry growth outside the U.S. will be even greater...
...Honda and Audi, to name two - have drawn down racing operations, and NASCAR itself has already felt the pinch in the form of reduced team spending. A complete withdrawal from America's premier racing series is expected to save more than $250 million between GM and Chrysler, a substantial amount considering the drastic measures being implemented elsewhere." [April Fools...
...radar, and that policy shifts may be coming. In practice, this means measures in the medium term that will encourage greater consumption and spending in developing nations like China, and more saving and less debt in the U.S. Although he was vague, Obama discussed what would amount to a reworking of the basic economic physics that governs our world. It's a delicate balance, however, because too much savings in the short term could delay an economic recovery. (See pictures of the Obamas in Europe...
...Committee. “Things will bounce back, but we are a long way away from that.” Kirwan said that at the start of Governor Deval Patrick’s term, the deficit stood at $1.3 billion. She estimated that within a few fiscal years, this amount would rise to approximately $3.5 billion. The Massachusetts state budget, according to the speakers, is very reliant on capital gains tax revenue, which has decreased due to the recession. “It’s a perfect storm. We have a loss of tax revenue, and an increased need...
...Rules Committee, or FiCom. Tamar Holoshitz ’10, SAC chair, said she thought that the Council’s advocacy goals would be better served if there were two advocacy committees. “One thing to consider is the three committees inevitably have a huge amount of overlap,” she said. The UC discussed the merits of increasing its membership to three people per district during the meeting. The discussion was only the beginning of the UC’s effort to reevaluate it’s structure in light of the Dowling Report. Discussions...