Detroit

Are Auto-Makers Bailing On Their Job-Creation Pledges?

Carmakers quickly kowtowed to Trump after his 'surprise' win in November, allowing the then-president-elect to take credit for their pledges to hire thousands of workers and keep U.S. factories open. At the time, fears of a 35% import tax were enough to keep them in line. But now that Trump is having trouble whipping votes in Congress, WSJ is asking: When will corporate America jump ship?

 

A Random Walk Down Baltimore's Triangle Of Death

"Baltimore’s homicide rate is more than triple Washington’s rate and higher than the homicide rates in New Orleans and Chicago, two places that have become national symbols of gun violence...Referred to as the ‘Triangle of Death’, West Baltimore City  is a stark reminder if America doesn’t get her industry back, this is coming to a town near you."

The Other Shoe Drops: Prime Auto Loan Losses Surge As Recoveries Tumble

With subprime auto loan delinquencies already surpassing losses last seen in the immediate aftermath of the financial crisis, the next shoe has dropped as losses in bonds tied to prime auto loans surged in recent months from a year ago, with 60+ day delinquencies and default rates in Prime ABS pools doubling from post-crisis lows.

Doug Casey On The End Of Western Civilization

"Many of the words you hear, especially from the media, are confused, conflated, or completely misused; and this is corrupting the language. As George Orwell liked to point out, to control language is to control thought. The corruption of language is adding to the corruption of civilization itself. This is not a trivial factor in the degradation of Western Civilization."