Category Archives: economy

More Than 80% of US Businesses Don’t Employ People?

The three states with the largest number of non-employer establishments are Texas (79.5%), Georgia (79.4%) and Florida (79.0%). North Dakota is the only state where more than 30% of the establishments have paid employees. Continue reading

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U.S. Diversity-Visa Lottery Requests Near Record

Under a different, centuries old – and now thoroughly politicized program President Trump is and has been using rages against “chain migration” to feed his base (both the political sense and the moral sense). Trump apparently now wants to end family-preference immigration visas, after his his in-laws Viktor and Amalija Knavs were granted U.S. citizenship through the first lady’s sponsorship. Continue reading

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Canada Frozen Out of United States-Mexico Trade Agreement

According to the Center for Automotive Research’s (CAR’s) latest trade briefing, applying a Trump’s 25% tariff on all automobile and parts imports would result in 2 million fewer U.S. vehicle sales, 715,000 fewer U.S. jobs and nearly $60 billion in lower U.S. economic output. The policy would increase the price of the average vehicle sold in the United States an average of $4,400 (including both domestic and imported products). Continue reading

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Global Warming Floods Big Population Coastline Counties

“With the exception of 2005 to 2006, a year marked by an intense hurricane season that included three of the costliest hurricanes on record (Katrina, Rita and Wilma), the population in Atlantic and Gulf Coast counties grew every year from 2000 to 2016,” says Darryl T. Cohen is a geographer in the U.S. Census Bureau’s Population Division. Continue reading

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US DOT and EPA Want to Slash Fuel Economy Standards. Trump Administration Proposal Has Many Critics

The Trump Administration claimed that the new national automobile fuel economy and greenhouse gas emissions standards will give the American people greater access to safer, more affordable vehicles that are cleaner for the environment. Continue reading

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Daimler Signs €11 billion Credit Line

The transaction was concluded on improved terms and was significantly oversubscribed, thereby proving once again that banks prefer to lend to people and institutions that don’t really need to borrow. Continue reading

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Auto Workers Oppose Trump Tariffs that Would Destroy Jobs

The United States directly benefits from GM’s ability to maintain a competitive edge and maximize the effectiveness of our operations on a global scale. The majority of the profits we earn from our global production and sales come back to the United States to support jobs, investments in our plants, and advanced R&D. Continue reading

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Rising Income Inequality Differs in Racial, Ethnic Groups

Asians overall are the highest-earning racial and ethnic group in the U.S., but it is not a status shared by all Asians. Continue reading

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US International Trade Deficit Drops. Maybe

The Census Bureau does not have sufficient statistical evidence to conclude that the actual change is different from zero. What this means is that the U.S. continues to run an enormous deficit as President Trump embarks on a trade war that could increase the deficit more. Continue reading

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U.S. Memorial Day Travel Primed to be a Near Record

INRIX, an analytics company, expects travel delays on major roads could be up to three times longer than normal, with the busiest days being Thursday and Friday (May 24-25) as commuters mix with holiday travelers. Continue reading

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F-Series Supplier Fire – a Threat to Ford Motor Profitability

Ford accounts for less than a third of the volume of output from the affected Meridian plant, it said, but the F-Series is the foundation of the profitability of Ford in North America – a foundation that was already showing signs of cracks. (Failing Grade for Ford Motor Q1 Earnings, Failing Grade for Ford Motor Q1 Earnings) Ford claims that while the production shortage is expected to have an adverse impact on the company’s near term results, the company’s guidance of delivering an adjusted EPS in the range of $1.45 to $1.701 for the full year is unchanged. Continue reading

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TMC Posts Revenues of $265 Billion for Fiscal Year

Region by region Toyota is experiencing the effects of a slowdown in the global automotive economy along with an ongoing increase in competition. As a result, volume is down slightly, but operating income is up. Continue reading

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Bedfellow Alert! Toyota and Suzuki in India

Since February 6, 2017, when Toyota and Suzuki concluded a memorandum toward business partnership, the two companies have been exploring projects for collaboration. Continue reading

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New Tire Technology Needed for Electric Vehicles?

Marketing malarkey or genuine technological advance? Goodyear during the 2018 Geneva International Motor Show teased its EfficientGrip Performance with Electric Drive Technology (sic), a prototype tire for the growing electric vehicle market that will be on the road by 2019 … Continue reading

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Troubled Asset Relief Program – Total Cost $32B

The Troubled Asset Relief Program (TARP) of 2008 and other desperate actions let the Department of the Treasury promote stability in financial markets through the purchase and guarantee of “troubled assets.” It was a latter part of the Emergency Economic … Continue reading

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