Friday, November 28, 2008
Tuesday, November 25, 2008
auto reviews
Recently, what with the domestic auto industries economic troubles, we have received emails from readers who tell us we should review only domestic models, not foreign ones.
They point out, quite correctly, that this county and this region are heavily involved in the domestic auto industry and our ecomomy is a reflection of the Detroit 3's economic health.
For that reason, we already attempt to balance our reviews so that at least half are from the domestic automakers in our own back yard.
And that is not a complete reflection of all the models that are available. The fact is that there are many more foreign automakers who sell their models in this country than domestic ones.
On the domestic side are GM, Ford and Chrysler.
On the foreign side, from Japan, there are Toyota, Honda, Nissan, Mazda, Subaru; from Germany there are BMW, Mercedes, VW, Porche; from Korea there are Kia and Hyundai.
But the division is not nearly that precise. What about the subsidiary companies such as Saab, Volvo, Daewoo, etc? And what about the models produced by the Detroit 3, but built in other countries? And then, what about the cross-production deals such as Ford/Mazda and GM/Toyota?
We could, of course, review just the cars produced here in SE Michigan. But to do so would be to ignore the fact that America is a net importer of automobiles and that Americans can choose many other models. Would that make sense in the corner of America that holds the future of domestic automaking?
To review all models available in this country presents a much more accurate view of the competitive and global field automakers face today. In these tough times we all need the best information available.
Sunday, November 23, 2008
Sports on the front page?
Friday, November 21, 2008
Mallard coming back!
Monday, November 17, 2008
A newspaper favorite
Friday, November 14, 2008
Saving the Detroit 3
There also are doubts about whether a mere $25 billion bailout would have long-term effectiveness — mostly because a cash infusion would not solve any of the domestic automakers basic problems with health-care commitments and whether it will be enough to help the Detroit 3 rapidly change their vehicle lineups.
And there are many taxpayers who questioned the original bailout package for a variety of reasons. Capitalism vs. socialism, living within our means, taxing our children's future, etc. Adding automakers to investment bankers creates another layer of questions.
Here in SE Michigan, however, there are solid supporters in both business and politics because the industry is a fundamental part of our economic base. And whatever happens to the domestic automakers -- short-term or long -- will have a profound effect on all of us.
There is no doubt, this debate is big news.
Wednesday, November 12, 2008
oil prices
This archane bit of information on the current price of a commodity is in fact quite useful.
When the price of a barrel of oil goes up or down, the price of gasoline tends to follow. For example, the price of oil was about $140 last July, and here in mid-November it is less than $60. The price of a gallon of gas in July was well over $4, and is now below $2.
The price of a barrel of oil is also a pretty good indicator of the stock market -- at least it has been during the recent economic meltdown. When the price of oil is trending up, it is usually because there is some good news about the economy. When it is heading lower, it is because of belief among trader that the economy is shrinking and the demand for oil also will shrink.
Throw into this mix the recent report on the world energy outlook. The International Energy Agency predicts world energy demand will rise 1.6 percent per year on average between 2006 and 2030 and called for average energy investments of $1 trillion a year to ward of severe price spikes.
One more good reason to keep an eye on the price of a barrel of oil.
Monday, November 10, 2008
Why This is News: Frenchie
Following the election
Obamamania
Monday, November 3, 2008