Word: auto
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...truck division continues to do well." Expect just the opposite when Ford's earnings are released Wednesday, McWhirter says. "Their truck division is setting new sales records, but their earnings should be way down." One reason: the expensive redesign of the Taurus, the company's flagship car, produced an auto that many admired but few wanted to pay for. "The new Taurus is one of the best cars in its class ever made. But the large increase in price was simply too much of a jump for consumers, so they're looking, but not buying...
Exhibit A for supporters of the new policing is New York City, where major crime--murder, rape, robbery, auto theft, grand larceny, assault and burglary--is in something like statistical free fall, dropping 17.5% last year. Mayor Rudolph Giuliani and his police commissioner, William Bratton, both insist that the reason is their devotion to new ways of doing police business. John DiIulio Jr., a professor of politics and public affairs at Princeton University, says that since the mid-'80s top brass who embrace a similar shift in philosophy have risen to key positions in cities all around the country...
...took hold in May 1994, the drop became a giddy double-digit affair, plunging farther and faster than it has done anywhere else in the country, faster than any cultural or demographic trend could explain. For two years, crime has declined in all 76 precincts. Murder is down 39%, auto theft 35%. Robberies are off by a third, burglaries by a quarter. No wonder Comstat has become the Lourdes of policing, drawing pilgrim cops from around the world--Baltimore, London, Frankfurt, Zimbabwe, Taiwan--for a taste of New York's magic...
Surprising even members of his own government, Japanese Prime Minister Tomiichi Murayama resigned. Murayama will probably be replaced by Ryutaro Hashimoto, the current Trade Minister, who earned a reputation as a tough negotiator during talks on auto imports with the U.S. last summer...
Officers recovered the semi-auto-matic gun and two laded magazines, which are being held at police headquarters. The incident is currently under investigation, Rooney said...