Word: quarters
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Dates: during 2000-2009
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Thanks to those high oil and gas prices earlier this year, the state of Texas raked in $363 million in oil-production taxes in just the last quarter of fiscal 2008, 36% more than the same quarter a year ago, and $777 million in gas-production taxes, up 55% over the same quarter a year ago. But the numbers are now beginning to tell a different tale. While natural-gas-production taxes are up 56% for the first quarter of fiscal 2009, oil-production taxes have slipped from the 72% increase seen in fiscal 2008 to a 36% increase...
Last week General Motors also announced deep cuts in production. The company will close all of its passenger-car plants for the month of January and reduce the company's production of new cars and trucks 30% during the first quarter. Chrysler and GM have asked the U.S. government for $14 billion in bridge loans to weather the current credit crunch. (See the 50 worst cars of all time...
Meanwhile, Johnson Control Inc. of Milwaukee, a major supplier to Asian automakers operating in the U.S. such as Toyota, said it expects to report a loss for the quarter ending Dec. 31. "Global automotive production is significantly worse than just two months ago," said Johnson Controls chairman and chief executive officer Stephen A. Roell. "Our customers continue to announce production reductions and plant shutdowns on a weekly basis. Every region of the world is down by a double-digit rate," he added...
...says Masafumi Yamamoto, head of foreign exchange strategy for Japan at Royal Bank of Scotland. "Yen appreciation is also causing the Nikkei [stock index] plunge," he says. And that's affecting the confidence of Japan's businesses. On Monday, figures of the Bank of Japan's tankan survey, a quarterly survey of business sentiment in Japan, fell to a seven-year low. The tankan figure showed the steepest quarter over quarter decline in 34 years. The economy is expected to decline 0.8% for the fiscal year ending in March...
...Civilians: The Civil-Military Gap and American National Security, since 1816 the more veterans there have been in the upper echelons of government, the fewer military actions the U.S. has taken. Back in 1991, veterans comprised half of the House of Representatives. Now they account for only a quarter of its members...