Word: presidental
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By hauling the top brass of the world's largest automaker to Capitol Hill for a public flogging, House members got to vent their outrage at Toyota's sclerotic response to the crisis. So far the once revered company has had to recall more than 8 million vehicles for issues...
When he takes his turn on the hot seat on Wednesday, Akio Toyoda, the company's president and CEO - and grandson of its founder - will attempt to mollify his detractors with a heavy dose of contrition. "Toyota has, for the past few years, been expanding its business rapidly," Toyoda said...
Meanwhile, Toyota has revealed it had received a federal grand-jury subpoena over its management of safety issues, as well as a Securities and Exchange Commission subpoena asking it to produce documents related to its "disclosure policy and practices." As its president acknowledged, the company is speeding toward a reckoning...
You know the government's broken when, in the face of tough fiscal times, the President freezes government spending but gives the military a pass. That's because spending on the military and homeland security, following 9/11 and the launch of two wars in its wake, has become sacrosanct. But...
To be sure, it would be difficult to hack away at the funds needed to wage the wars in Afghanistan and Iraq. Yet military spending today is 41% more than it was in 1998, not even counting the billions earmarked for the wars. The cost of a standing military, after...