Posts Tagged “Ford”
- While much of the nation basks in the afterglow of Barack Obama’s election as president, the economy continues to dominate the news with a report today that the nation’s unemployment rate jumped to a 14-year high of 6.5 percent in October as another 240,000 jobs were lost. If you’ve ever been on a 10-meter diving platform with a bunch of people nudging you to jump, you know exactly how Obama feels…
 And that wasn’t the only lousy economic news of the day either–FordW announced that it lost $129 million in the third quarter, and says it will cut another 2,260 white collar positions in North America. If I were them, I’d be working like crazy to design a car that costs $500 and runs on coffee grounds…- President-elect Obama is looking to the nation’s economic experts for help as he convenes a meeting with 17 members of his transistion economic advisory board Friday. Among those participating is super-investor Warren BuffetW–who may be called on to draw on his petty cash fund to buy the banking industry outright…
- Polling experts say that the outcome of the presidential election proves there was no white bias, suggested by the so-called "Bradley EffectW". As far as they could tell, the only possible white bias was the one against Joe the Plubmer, Joe Six-Pack, and Hockey Mom…
- Former New York governor Eliot SpitzerW learned that Federal prosecutors won’t be bringing charges against him for his role in the breakup of a prostitution ring that put an end to Spitzer’s rising-star political career. The possibility of criminal action against Spitzer has been hanging over his head ever since the story broke out–just as I imagine a large meat cleaver has been hanging over other parts of him as well…
 A fall snowstorm that has dropped almost 4 feet of white powder in the Black Hills of South Dakota and was swept up by winds gusting to 50 mph has created unthinkable travel conditions, and has stranded unknown numbers of motorists along Interstate 90 and elsewhere while visibility continues to be nonexistent. The upside to all of this–Mount RushmoreW collectibles are, like, 80% off…
Tags: Barack Obama, economy, Eliot Spitzer, Ford, Warren Buffet
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- As America’s credit crunch persists, the Federal Reserve announced Tuesday a plan to buy "commercial paper"–short-term financing used by many companies to fund their day-to-day operations for expenses like payrolls and office supplies–directly from eligible companies. I’m just hoping those "short-term" needs don’t include quick escapes by CEO’s who’s companies they’ve put in the tank…
- Tuesday’s second presidential debate between John McCain and Barack Obama could give McCain the edge, since the debate’s town-hall format favors him. The "town hall" approach, allowing questions from the audience as well as from viewers via the Internet, has played into McCain’s "Straight Talk" approach with potential voters–just as long as they don’t ask him to explain what "The Keating Five" and "Iran-Contra" mean…
 A Congressional hearing on the reasons for the nation’s recent financial crisis learned that the now-bankrupt Lehman Brothers was scrambling to arrange millions in bonuses for its top executives even while it was begging for federal help. But Lehman got no taxpayer money–maybe CEO Richard Fuld could have poinied up some of the almost $400 million the company had paid him since 2000…- New research has found that using a fan to circulate air in a baby’s room can reduce the risk of SIDS, or Sudden Infant Death Syndrome–the still-mysterious condition that is fatal to otherwise healthy babies. Experts believe it relates to providing the right environment–keeping the infant on their back on a firm mattress, keeping toys and pillows out of the crib, making sure the room temperature isn’t too warm–and of course, avoiding any deliberate suffocation…
 John McCain’s campaign is feeling the heat from a report that links him to a key organization involved in the Reagan administration’s Iran-Contra fiasco–where arms were illegally sold to Iran to raise money for the ultra-conservative Contra rebellion in Nicaragua. McCain claims he left the group prior to Iran-Contra, but no one there remembers it happening. On top of the Obama campaign’s release of details of McCain’s involvement with The Keating Five during the savings-and-loan collapse 20 years ago, McCain may find that "Straight Talk" may do more harm than good…- Ford says it will introduce a new feature on several 2010 model cars that will permit parents to limit the speed a teen can drive to 80 mph. The company said they arrived at that number after taking into consideration freeway speeds from different states–but it does me no good in trying to keep my driveway limit under 50, does it?
Tags: Barack Obama, debate, Federal Reserve, Financial meltdown, Ford, health care, John McCain
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- Forcasters say the US could see as many as nine hurricanes during the 2008 season which begins next week, and as many as five could turn into major storms. If any of them happen to be Katrina or Rita, please tell them that we already gave–big time…
- A nearly three hundred billion dollar farm bill vetoed by President Bush, but overridden by Congress, was voted on a second time in the House–members discovered that the bill the president vetoed wasn’t exactly the one they had passed. It was an embarrassing but honest mistake–just how the administration wants us to think of the whole WMD’s in Iraq business…
- New York governor David Paterson, a long-time supporter of Hillary Clinton and one of her already-committed superdelegates, said he hopes she will end her effort to count Michigan and Florida votes in order to salvage her campaign. Paterson is legally blind and just had surgery for acute glaucoma, but he didn’t miss when he drove another nail in Clinton’s coffin…
- A Texas appeals court has ruled that the state acted without cause when it removed over four hundred children from the ranch owned by the Fundamentalist Church Of Jesus Christ Of Latter Day Saints, the polygamist sect that was raided after a still-unknown teenager who claimed to be an abused pregnant wife there called a hotline. In other words, they’re creepy but legitimate–just like Andy Dick...
- Presumptive Republican presidential candidate John McCain has rejected an endorsement from a Texas televangelist who reportedly said in a sermon that God sent Adolf Hitler to help Jews reach the promised land. The clergyman claims the media misinterpreted his comments–as if there was a less unbelievable way for that to be expressed…
- Ford has abandoned its goal of becoming profitable by next year and said it will cut production of trucks and sport utilitiy vehicles thru the rest of 2008. From now on, fuel economy will be based on whether it costs more or less than $100 a week to get around…
Tags: 2008 hurricane season, Congress, David Paterson, Florida, Ford, Gas prices, Hillary Clinton, John McCain, Michigan, President Bush, superdelegates, veto
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