Donald Blinken, Ambassador, Financier and Art Patron, Dies at 96
He co-founded a venture capital firm, championed Mark Rothko, served in Hungary during a pivotal period and raised a future U.S. secretary of state. Source link
Day: September 23, 2022
U.K. Government Goes Full Tilt on Tax Cuts and Free-Market Economics
The new administration’s plans are a break from the Boris Johnson era and represent a turn toward Thatcherism. The negative reaction from financial markets underscored the extent of the gamble. Source link
Irwin Glusker, 98, Dies; Gave American Heritage Its Distinctive Look
A veteran art director, he was best known for his work at the lavish magazine of U.S. history that became a fixture in dens across the country. Source link
U.S. road deaths down, but still at crisis levels
WASHINGTON — U.S. traffic deaths declined for the first time since 2020 but remain at levels that call for “urgent and sustained action,” Transportation Secretary Pete Buttigieg said last week. From April to June, 10,590 people died in vehicle crashes on U.S. roads, down 4.9 percent from the same period in 2021, according to NHTSA …
U.S. road deaths down, but still at crisis levels Read More »
Hyundai’s ‘Chairman’s Car’ plan is dead
Hyundai’s plans to field a supercar to help launch its N performance brand — rivaling the Acura NSX, Audi R8 and Porsche 911 Turbo — have been officially scrapped. Albert Biermann, who steered Hyundai’s N division until he retired in 2021, told Top Gear last week that the project — nicknamed the Chairman’s Car — …
Bosch hunts for power savings
Mega-supplier Robert Bosch is on the prowl to save money by monitoring and reducing energy waste at its plants, such as its operation in Eisenach, Germany, here, where a connected energy management system allows technicians to collect energy-use data from devices around the facility to make adjustments wherever possible. The company’s factory in Changsha, China, …
AMG C 63 ditches V-8 for a powerful plug-in hybrid
The Mercedes-AMG C 63 sedan will be powered by a four-cylinder hybrid powertrain, a change that marks the end of compact V-8 performance sedans by AMG. Source link
JAMA’s Anita Rajan on EV tax credit limits
Q: What are your top priorities as you settle into your new role? A: Educating policymakers, stakeholders and the general public by telling the story of Japanese-brand automobile manufacturers’ continued growth and 40-plus years of significant investments in the U.S. auto industry. JAMA members are continuing this momentum by focusing on work force development, accelerating …
GM calls salaried workers back to office 3 days a week
DETROIT — General Motors on Friday said all employees who have been working remotely must report to an office at least three days a week starting later this year, modifying the flexible and intentionally vague “Work Appropriately” approach it adopted during the pandemic. In an internal message to affected employees, GM said it’s making the …
GM calls salaried workers back to office 3 days a week Read More »
Stock Markets Tumble as Recession Fears Return
Central banks around the world raised interest rates this week to combat inflation. That’s raising concerns among investors about an economic slump. Source link