Nathan Bomey USA TODAY Published 3:31 p.m. UTC Sep 4, 2018 Americans continued to flock to crossovers, SUVs and pickup trucks and abandon passenger cars in August, likely resulting in a slight increase in overall U.S. auto sales. Forecasters at Edmunds.com and Cox Automotive predicted industry sales increases of 1.2 percent and 0.8 percent, respectively. The results showed that the auto industry remains healthy as shoppers buy more profitable vehicles. But it's not all great news. For one thing, rising interest rates are scaring off some buyers. Zero-percent loans are drying up, and discounts are hard to find as automakers preserve profits. "That means monthly payments for car buyers are going to get that much more difficult to meet," said Charlie Chesbrough, senior economist for Cox Automotive. "The buying conditions are expected to deteriorate, which may cause consumers to get into the market today rather than wait." What's more, passenger-car sales continue to … [Read more...] about Honda, Toyota, Nissan car sales plunge, but SUVs rise: U.S. auto sales likely up in August
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By JACK BLANCHARD Send tips here | Subscribe for free | View in your browser Good Friday morning. A YEAR AGO TODAY: Britain was heading to the polls for what was going to be the most one-sided election in a generation. Theresa May was poised to win a thumping three-figure majority and cement her place as the dominant force in British politics for the next decade. The saboteurs would be crushed, the EU debate would be over and the PM empowered to deliver her personal vision of Brexit. Moaning Philip Hammond would be sacked, jolly Amber Rudd made chancellor and that pesky Michael Gove left on the backbenches where he belonged. Britain would become a Mayite wonderland of grammar schools, dementia taxes and fox-hunting for all. Jeremy Corbyn would be sent stumbling back to the dusty corner of the Left from whence he came. And no one would ever hear of the DUP. What a time it was to be alive. Spoiler: Didn’t happen. DRIVING THE DAY NOT PLANE SAILING: Theresa May arrived in … [Read more...] about POLITICO London Playbook: Britain’s top diplomat — Trump vs. the world — A year ago today
Israel is commemorating its 70th anniversary next week, and the U.S. Embassy is moving to Jerusalem to coincide with the independence celebrations. It's a strong symbolic gesture -- but there are several more concrete steps Washington should take right now to help ensure Israel's security and protect its own interests in the Middle East.Over the long term, Israel’s very existence is threatened by Iran’s nuclear program, which continues in the form of expanded atomic research and ballistic missile development, which are unfortunately permitted by the 2015 nuclear deal. The intelligence trove revealed by Israel last week confirms Tehran’s determination to acquire nuclear weapons capability -- not a surprise certainly, but a clear warning of potential danger ahead. President Donald Trump is expected to address this matter Tuesday, and most observers believe he will walk away from the nuclear agreement. This would ratchet up the tension is an already … [Read more...] about How the U.S. Should Wish Israel a Happy 70th Birthday
In the race to start the world’s first driving business without human drivers, everyone is chasing Alphabet Inc.’s Waymo. The Google sibling has cleared the way to beat its nearest rivals, General Motors Co. and a couple of other players, by at least a year to introduce driverless cars to the public. A deal reached in January to buy thousands of additional Chrysler Pacifica minivans, which get kitted out with sensors that can see hundreds of yards in any direction, puts Waymo’s lead into stark relief. No other company is offering for-hire rides yet, let alone preparing to carry passengers in more than one city this year. GM plans to start a ride-hailing service with its Chevrolet Bolt—the one with no steering wheel or pedals, the ultimate goal in autonomous technology—late next year. Most of the others trying solve the last remaining self-driving puzzles are more cautious, targeting 2020 or later.The road to autonomy is long and … [Read more...] about Who’s Winning the Self-Driving Car Race?
On April 4, a little-known legislative committee met for the fourth time in six weeks in downtown Raleigh, N.C. Although its name is dull and obscure—the Joint Legislative Study Committee on the Division of Local School Administrative Units—its mission is anything but. The committee is the front line of a legislative push, led by statehouse Republicans, to dismantle North Carolina’s big countywide school districts by allowing rich, often white suburbs to secede.Though it has no law allowing school secession, North Carolina is the latest Southern state looking to resegregate what’s left of the region’s integrated public schools. More than 60 years after the U.S. Supreme Court’s Brown v. Board of Education ruling made school racial segregation unconstitutional, school secession has been gaining momentum across the South, with richer areas trying to wall their kids and tax dollars off from big districts in … [Read more...] about The South’s Push to Resegregate Its Schools