Category Archives: economy

Equivalent Gas Tax or Fee on EVs to Offset Lost Revenue?

CBO said that if Congress were to levy an annual fee on EVs in an amount that is approximately proportionate with the amount paid in gasoline tax? Taking as a starting point an average driver of a light duty passenger vehicle with a gasoline engine, how much revenue could be raised during the next five years? Moreover  what percent of the anticipated shortfall in the Highway Trust Fund would that be? Continue reading

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April Global Sales – North America Up, Elsewhere Unsettled

Helped by President Biden’s economic stimulus in the face of Republican obstructionism, and states re-opening, the record setting rate of  US Light Vehicle sales continued in April. Sales of 1.54 million units were the highest-ever volume for that month. Continue reading

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Nissan Reports Weak Q4, Full Year 2020 Financial Results

Free cash flow for the automotive business was a negative 391.0 billion yen. Nissan claims it has sufficient liquidity to steer through a challenging business environment. At year-end, cash and cash equivalents for the automotive business totaled 1.9 trillion yen. Automotive net cash was 636.0 billion yen. In addition, the company continues to have access to approximately 2.2 trillion yen in unused committed credit facilities. (Nissan Establishes Carbon Neutral Goal for 2050) Continue reading

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Census Bureau – 26% of Adults Struggle on Expenses

Of  pressing concern –  adults living in households not current on rent or mortgage, 30.6% report eviction or foreclosure in the next two months is somewhat or very likely. Continue reading

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April Sales Shower US Market More than 18 Million Times

This refreshing rejuvenation is partly the results of improved social, health and economic conditions under the successful Biden Administration that acted urgently to quell the largest public health crisis in US history that the previous Administration either ignored or promoted. Enjoy the flowers that are coming your way. Continue reading

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Record year for California Climate Investments

Despite Republican opposition, Californians have gained from these CARB investments through improved public health, fire prevention, affordable housing and energy efficiency, as well as significant reductions in emissions of greenhouse gases. To date, California Climate Investments projects have helped plant more than 133,000 urban trees, reduced smog-forming and other air pollutants by more than 60,000 tons, added more than 7,200 new affordable housing units, and saved Californians almost $93 million through water energy‑efficiency projects. Continue reading

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2021 Chicago Auto Show Set for July 15-19

The move comes as a growing body of evidence shows that because of vaccine-resistance the US will never have enough people with vaccinations to reach so-called herd immunity whereby the virus has no easy means to spread. Continue reading

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Q1 US Real Gross Domestic Product at 6.4% Annual Rate

Commerce says that real gross domestic product increased at a 6.4% annual rate. Personal consumption expenditures increased by a vigorous 10.7% annual rate, while business investment in equipment and intellectual property products continued to grow steadily. Continue reading

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US Household Pulse – 32% Face Eviction or Foreclosure

Roughly 20% of adults expect someone in their household to experience a loss in employment income in the next 4 weeks, based on responses collected March 3 to March 15. Crueler, 31.5% report eviction or foreclosure in the next two months is “somewhat or very likely.” Continue reading

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Census Survey – Stimulus Payments Eased Financial Suffering

Data from the US Census Bureau clearly support the need and positive effects of stimulus payments, unlike the failed Republican tax cuts for the rich that did not result in increased investments in the US economy because the off-shore holdings were largely fictional tax dodges not real investments in overseas businesses. Continue reading

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Covid Curse – EU Sales Drop 19% in February, -22% YTD

With 771,486 units registered across the EU region, according to ACEA, this marked the lowest February total on record since 2013. All four major EU markets recorded losses last month. Italy posted the smallest drop (-12.3%), while the other markets faced stronger deterioration: Germany (-19.0%), France (-20.9%) and Spain (-38.4%). Continue reading

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Winter Storms Clobber Texas Small Businesses Unduly

There were, however, no questions about their impact on Cancun Ted Cruz’s taxpayer funded vacation that was widely documented in the media. Consider that it’s while designed to measure changing business conditions during the coronavirus pandemic, the SBPS also captures the impact of natural disasters on small business. The picture above documents the damage Texas Governments did to their own small businesses. Continue reading

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Stellantis Reports Legacy FCA, PSA 2020 Financial Results

Nonetheless Stellantis was profitable in 2020 despite COVID-19 with 7.1% Automotive adjusted operating margin at €3.4 billion. Its 9.4% H2 Automotive adjusted operating margin was a record. The net result of group share was €2.2 billion with €2.7 billion Automotive free cash flow and a €13.2 billion Automotive net financial position. Continue reading

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SEC Starts Task Force on Climate Change Investment Risks

What this means, in short, is that things are getting tougher for companies that are part of the global warming crisis or want to profit from investors who wish to support firms that are run on an environmentally friendly basis.  but wish to avoid the consequences. Environmental, social, and governance (ESG) criteria are an “increasingly popular way for investors to evaluate companies in which they might want to invest,” said the SEC. In the financial markets, mutual funds, brokerage firms, and robo-advisors now offer products that employ ESG criteria. ESG criteria can also help investors avoid companies that might pose a greater financial risk due to their environmental or other practices. Continue reading

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Porsche SE Profit For Fiscal Year 2020 Forecast at €2.6 Billion

The group result after tax of Porsche SE is influenced significantly by its equity result from the capital stake in Volkswagen AG of currently about 31.4%, and thus by the group result after tax of Volkswagen AG. Continue reading

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