Ford to delay spending $12 billion on
EV expansion due to slowing customer demand
Posted By: Ida Lou Pino, 10/27/2023 3:58:54 PM
Ford announced Thursday that it will delay about $12 billion in planned spending to increase EV manufacturing capacity. Ford CFO John Lawler made the statements in a media briefing. The major U.S. automaker had expected electric vehicle sales to increase at a much higher pace, according to CNBC. Persistently high interest rates are slowing the pace of demand for EVs, Reuters reported this week.
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Ida Lou Pino"
Jake Sullivan’s embarrassing essay shows
how clueless Team Biden’s been on the
Middle East 7 replies
how clueless Team Biden’s been on the
Middle East 7 replies
If it weren’t taken for granted by now that everything that comes out of the Biden administration is a colossal screwup, it would be shocking that anyone shaping foreign policy for the White House is still employed there. National security adviser Jake Sullivan’s embarrassing, 7,000-word drivel in Foreign Affairs magazine should leave no doubt. “The Middle East is quieter than it has been in decades,” read his piece — which went to press just days before Hamas’ savage attack on innocent Israelis.
Remember when Sen. Rand Paul accused Dr. Anthony Fauci of funding China’s Wuhan virus lab? Fauci replied, “Sen. Paul, you do not know what you’re talking about.” The media loved it. Vanity Fair smirked, “Fauci Once Again Forced to Basically Call Rand Paul a Sniveling Moron.” But in 2021 the magazine changed its tune, admitting, “In Major Shift, NIH Admits Funding Risky Virus Research in Wuhan . . . Paul might have been onto something.”
Last month, at a small church in East Oakland, Calif., hundreds of fed-up city residents gathered outside of a community safety meeting held by Mayor Sheng Thao and District Attorney Pamela Price. The group was as diverse as it was united, and despite the reduction in their quality of life over the past year, there was a palpable energy of hope. Seneca Scott, a community leader, hosted the get-together under the banner of his Neighbors Together Oakland (NTO) organization.
The MTA’s rollout of its multibillion-dollar fleet of new subway cars has gone off-track. The agency confirmed this week it was pulling six of the seven ballyhooed R211 rail cars out of service due to equipment problems — just months after the high-tech trains were unveiled. The shiny new subway cars — which feature wider doors, security cameras and digital displays — had issues including leaky gearboxes that can cause a train’s wheels to lock up and drag along the rails. A video posted online shows one of the new trains apparently affected by the mechanical issue loudly clanging its way through the Nostrand Avenue station on Oct. 21.
A day after Jewish college kids found it necessary to barricade themselves inside a library in the center of Greenwich Village while a mob of repugnant terrorist lovers banged on the locked doors trying to get at them, the message is being broadcast that, on this Sabbath, Jews in Brooklyn had better remain at home. Stay inside. Lock the doors.
The massive bronze sculpture of Confederate Gen. Robert E. Lee in Charlottesville, Virginia, has been melted down and will be transformed into a new piece of public art. The statue was at the center of a 2017 controversy in which local governments in Virginia wanted to remove Confederate monuments including Lee's. In August 2017, a white supremacist rally in connection to the proposed removal resulted in the three people dying and multiple injuries.
House Oversight Committee Chairman James Comer on Thursday said that his committee does not possess any bank records to show that President Joe Biden ever gave a loan to his brother James and asked that the president's legal team produce documentation of the alleged loan. Comer previously revealed the discovery of $200,000 check that James Biden made to Joe Biden in 2018 linked to the failing healthcare firm Americore. The White House has claimed that James was repaying a loan to his brother, though Comer has expressed skepticism of that story.
Ford announced Thursday that it will delay about $12 billion in planned spending to increase EV manufacturing capacity. Ford CFO John Lawler made the statements in a media briefing. The major U.S. automaker had expected electric vehicle sales to increase at a much higher pace, according to CNBC. Persistently high interest rates are slowing the pace of demand for EVs, Reuters reported this week.
Thousands of anti-Israel protesters clashed with police Saturday night after they refused to vacate the Bay Ridge street they had flooded for hours. The “Flood Brooklyn for Palestine” demonstration devolved into chaos as night fell, with protesters completely shutting down traffic, screaming at police and lighting small fires in the middle of the roadways. The aggressive protesters dug their heels into the ground when the NYPD tried to push them out of 72nd Street and Fifth Avenue
Senate Minority Leader Mitch McConnell is openly championing President Joe Biden’s push to bundle Ukraine and Israel aid together while also wishing for a “functional” House. Biden delivered a his second primetime Oval Office address last Thursday seeking to gin up support for the White House’s proposed roughly $106 billion package entailing $61.4 billion for Ukraine, $14.3 billion for Israel, and $30.1 billion for other projects like border security. “It’s correct. No Americans are getting killed in Ukraine. We’re rebuilding our industrial base.
I once fell for the Columbia prof who
celebrated Hamas’ massacre — he has
the power to infect 4 replies
celebrated Hamas’ massacre — he has
the power to infect 4 replies
Joseph Massad, the Columbia professor who celebrated Hamas’ barbaric attack on Israel last week as “awesome,” should be fired from his position posthaste. In fact, he should be jettisoned from any educational institution even faintly committed to life, liberty and the pursuit of happiness. I should know: I fell for his poisonous prattle before.
President Joe Biden is headed to the Middle East to show solidarity with Israel, but he should use the occasion to do something even more vital: prove that he understands the region’s woes now stem largely from the regime in Iran — and announce major plans to hold it accountable. What kind of plans? For starters, Biden should immediately end all further nuclear talks and reimpose the toughest possible sanctions on Tehran. As it stands, his sanctions relief has allowed Tehran to move from just $4 billion in available global reserves when Biden took office to over $40 billion today.
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Former Vice President Mike Pence said Saturday he is dropping out of the 2024 presidential race.
He made the shock announcement in Las Vegas, Nevada on Saturday during the Republican Jewish Coalition Annual Leadership Summit as GOP candidates gathered to speak to this voting bloc.
Pence said it became increasingly clear that he could not win the Republican nomination.'You know, we always knew this would be an uphill battle. But I have no regrets,' Pence assured.
He added: 'The only thing that would have been harder than coming up short, would have been if we never tried at all.'
Houston mayoral candidate and current U.S. Congresswoman Sheila Jackson Lee drew support from former Secretary of State Hillary Clinton at an event on Friday.
Clinton reassured Houston voters that she believes Jackson Lee is the right woman for the job.
"They will not regret their vote because they will have a mayor who will work 24/7 to do what she has said she will do," Clinton said. There was a bit of commotion during the endorsement when a protester disrupted her speech and had to be escorted out.
Jackson Lee is a frontrunner in the race for mayor alongside Texas state Senator John Whitmire.
During an interview with Bloomberg on Thursday, Treasury Secretary Janet Yellen stated that the rise in Treasury yields that increases the cost of the U.S. government borrowing money isn’t largely connected to the deficit, but is largely “a reflection of the resilience that people are seeing in the U.S. economy that we’re not having a recession, that consumer spending and demand continue to be strong, the economy is continuing to show tremendous robustness.”
Joe Biden has blown up the world
33 replies
On day one of the Biden administration, he canceled the Keystone Pipeline, putting thousands of skilled workers out of work. (snip) Biden is an angry man, a stupid man, an arrogant man, and a little man. He was never a good senator. (snip) He constantly makes up things that he’s done or accomplished when those claims are easily checked. (snip) He has tried for years to make us believe he is good, smart, and legitimate, but he is none of those things. He has brought the United States to a historic low — the brink of another world war. He’s blown up the world.
Gavin Newsom Pledges California Will Be
Xi Jinping’s ‘Long-Term, Stable, and
Strong Partner’ 31 replies
Xi Jinping’s ‘Long-Term, Stable, and
Strong Partner’ 31 replies
Chinese state media continued to gush over visiting California Gov. Gavin Newsom on Wednesday, hailing the Democrat’s warm meeting with dictator Xi Jinping as a triumph of “mutual respect, peaceful coexistence, and win-win cooperation.”
Newsom said that under his leadership, California is ready to become “China’s long-term, stable, and strong partner.” (snip) Newsom came out firmly against decoupling from China by moving supply chains to other countries, proclaiming “divorce is not an option” for the U.S. and China
Republican Sen. Mitt Romney laughed at former President Donald Trump and called him a 'whack job' after the ex-president and 2024 hopeful spent Monday morning bashing him on Truth Social.
Romney is the subject of a new biography by The Atlantic's McKay Coppins entitled Romney: A Reckoning, where he gives another warning about Trumpism, after voting to convict Trump at both impeachments.
The Utah senator mouthed off to Coppins about Trump and other Republican leaders, which prompted the ex-president to take to Truth Social and call Romney 'a total loser that only a mother could love,' among other insults.
President Trump used his Constitutional right to Free Speech on Friday to go off on the crooked Judge Arthur Engoron, New York State Attorney General Letitia James for continuing this lawfare suit against President Trump and his family after the star witness testified this week that there is zero evidence that President Trump misrepresented the value of his assets to gain business loans for his company.
There is no victim in this lawsuit. President Trump paid off each loan and the banks admitted they would readily loan him money for future projects.
Engoron is the same bizarre and unhinged judge who opened the garbage trial against Donald Trump
On Thursday, in response to the Maine shootings, President Joe Biden pushed for a repeal of protections that protect gun makers from frivolous lawsuits, universal background checks, and other gun controls.
WhiteHouse.gov published Biden’s statement, which opened with him saying, “Today, Jill and I are praying for the Americans who’ve lost their lives, for those still in critical care, and for the families, survivors, and community members enduring shock and grief.”
He then urged residents in Maine’s Lewiston area to heed all law enforcement’s warnings, including alerts to shelter-in-place.
Newly-minted House Speaker Mike Johnson (R-LA) told Fox News host Sean Hannity on Thursday that the entirety of his worldview could be found if one would simply “go pick up a Bible off your shelf and read it.”
Johnson, who received unanimous Republican support after three weeks of chaos — and three other nominees for the position — was elected on Wednesday to replace ousted House Speaker Kevin McCarthy (R-CA) and spoke with Hannity about getting back to business in the House of Representatives.
Ugh, Sean Hannity
23 replies
Coming from the media sphere, I have something of an immunity for ridiculous personalities and clickbaity positions, but when it comes to Sean Hannity, I have zero chill. His arrogance is outrageous, even by celebrity standards, but some of the things that come out of his mouth are so daft that I cannot abide giving him even one minute of validation. Case in point? He was interviewing Nikki Haley the evening of Oct. 25, fewer than three hours after the massacre in Lewiston, when he indulged in a soliloquy that made even the presidential hopeful look bored. And Hannity’s point? To say that his plan, should he ever find himself
A meeting over Chicago's brewing migrant crisis in the Brighton Park neighborhood became heated as residents protested a planned camp that can house over 2,000 migrants, according to Fox 32 Chicago.
Residents of the southwest side of Chicago neighborhood were fiercely divided over the plan, with city officials confirming their plans to build a camp for migrants on a "10-acre vacant lot, located at 38th and California," per the outlet.
"The City of Chicago has been identifying viable sites across the city to construct base camps as an alternative to new arrivals sleeping outdoors, at O’Hare and on the floors of police district stations as winter fast approaches,"
Thousands gathered in Istanbul on Saturday for what was touted as the “Great Palestine Meeting.” The event was a pro-Palestine rally aimed at condemning Israel’s recent military actions in Gaza, where Hamas headquarters are located.
Hamas terrorists were responsible for a deadly attack that claimed the lives of 1,400 Jews in southern Israel. One must ask the question: What did people expect Israel to do in response? Not retaliate? When an entity like Hamas, designated as a terrorist organization by the United States, the European Union, and Israel, engages in violent acts aimed at killing civilians, it is not only Israel’s right but also its obligation to defend its citizens.
Comments:
It will only be a short delay. They'll go back into production on the 12th of Never.