Word: perring
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Once domestic vehicle sales began to decrease 30% per month, as they did beginning last fall, and then the rate increased to 40% or more the last three months, there was no way that Ford could finance its losses over the next year. The news that Toyota (TM) and Honda (HMC) might seek assistance from the Japanese government meant that not a single car company in the world would get by on its own. (Read about the CEOs behind Detroit's Big Three...
...Nonetheless, says Nixon, older people should probably pay better attention to their own social-drinking habits. "Make sure you've given yourself adequate time to metabolize," she says. One drink per hour is probably a safe bet on average. "It's not bad advice for any age group, but it may be particularly fitting for older drinkers," says Nixon...
...fields. Hyundai Motors has simply out-marketed its competition in the U.S. It builds good cars, at least based on auto reviews. The company's flagship, a four door war-wagon called the Genesis, was named the North American Car of the Year. The beast only gets 17 miles per gallon in city driving, but it is targeted at the affluent, even though their numbers are dwindling. The model competes with the large sedans from BMW, Mercedes, and Lexus. Hyundai seems to have dropped a nice vehicle into each of the major slots in the U.S. car market. It sells...
...government's plan to create jobs is not set up to cope with a situation in which jobs are lost at a rate of 2 million per quarter. Even advocates of tax cuts would have to admit that the money any cuts would add to business and consumer wallets would not make much difference in the next several months. That may be academic. The Administration is proposing a modest cut for most people, but it is just that - a modest cut. Businesses that will be taxed at a higher rate will have to decide whether that drain affects how many...
...another on their good intentions before turning to the meeting's single topic: green jobs. The stimulus package bestows $500 million for green job-training programs, $6 billion in loan guarantees for green industries and $5 billion for a weatherization-assistance program that could save homeowners up to $350 per year on utilities. Van Jones, president of Green for All, made an impassioned plea to "give young people the chance to put down that handgun and pick up a caulking gun." Greg Nelson, official Middle Class Task Force liveblogger, commented on an argument among representatives from Portland, Ore., Los Angeles...