Word: marketeers
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...figures which caused the market to rise and the average person to feel better about his prospects where a short dodge in the wrong direction, the economy will have played a cruel trick. Cruelty and tricks are part of the fiber of daily living at this point, so perhaps the shocks will begin to hurt less...
...That said, there are many auto-industry executives who maintain that the hype has gotten well ahead of reality. There is no infrastructure, in the form of battery-charging stations, to support pure electric models. Electric cars now coming to market are also expensive, costing more than $20,000 even with the subsidy, a stiff price in a country where the annual average income is less than $10,000. That's part of the reason that BYD, since introducing a hybrid electric in December, has sold just 80 of them. CEO Wang Chuanfu expects that BYD will lower the price...
Like drowning men grasping the only piece of buoyant driftwood in sight, top executives from the world's beleaguered auto industry arrived in Shanghai this week for the city's 2009 auto show, unveiling their newest brands in the only car market in the world that continues to grow. Some of the show's stars are predictable, drawing crowds of reporters and photographers on Monday, media day: a stunning new Lexus convertible, the reborn Chevy Camaro from General Motors (Chinese journalists took turns lining up to be photographed in front of it) and the worldwide debut of Porsche...
...host of minor ones are exhibiting this week not just hybrids, but also pure battery-powered vehicles. No fewer than eight electric cars in various stages of development were put on display by Chinese companies. The reason is straightforward enough: China is the world's fastest-growing auto market. So far this year, it is also the world's biggest auto market, with sales through the first quarter running at an annualized rate of 11 million units, compared with 10 million in the U.S. That kind of scale is why some executives believe that China could be the country...
...Bush’s actions on taxation, trade, health care, education, and climate more likely cushioned the economic collapse than contributed to it. The Bush administration, the Clinton administration and both Republican and Democratic Congresses all deserve blame for their failures in financial market regulation and shortsighted home ownership initiatives. To blame Bush’s entire domestic policy agenda for the economic crisis, however, mistakes correlation for causation in the worst...