NEW DELHI: General Motors Corp. opened its first design studio in India on Thursday, a move intended to support the U.S. automaker’s efforts to expand its presence in the country.
The studio in the southern Indian city of Bangalore, where GM already has a research and development center, will “contribute to the mid-cycle enhancement of existing models and the advanced design of future products,” the company said.
The studio, which will initially have about 60 employees, comes at a time when GM is having some success after struggling for years to penetrate the Indian car market.
The company introduced the low-cost Chevrolet Spark this year (pictured above), which is proving popular among young buyers. In the past seven months, the U.S. automaker has sold nearly 2 1/2 times the number of cars it sold in the country in the same period last year.
The contribution of net exports of goods and services to real GDP growth in the third quarter was revised upward to 1.37% (from the original estimate of 0.90%), and contributed to half of the 1% upward revision of real GDP growth from 3.9% to 4.9%. Further, it was the largest percent contribution to real GDP growth since the fourth quarter of 1996 (see chart above). Further, without the -1.03% decline in housing, real GDP growth would have been 5.93% in the third quarter. Read more here from First Trust Advisors.
Prayers in school, sex education and “intelligent design” are contentious school issues. I believe parents should have the right to decide whether their children will say a morning prayer in school, be taught “intelligent design” and not be given school-based sex education. I also believe other parents should have the right not to have their children exposed to prayers in school, “intelligent design” and receive sex education.
The reason why these issues produce conflict is because education is government-produced. That means there’s either going to be prayers or no prayers, “intelligent design” or no “intelligent design” and sex education or no sex education. If one parent has his wishes met, it comes at the expense of another parent’s wishes. The losing parent either must grin and bear it or send his child to a private school, pay its tuition and still pay property taxes for a school for which he has no use.
The solution is to take the production of education out of the political arena. The best way is to end all government involvement in education. Failing to get government completely out of education, we should recognize that because government finances something it doesn’t follow that government must produce it. Government finances F-22 Raptor fighter jets, but there’s no government factory producing them. The same could be done in education. We could finance education collectively through tuition tax credits or educational vouchers, but allow parents to choose, much like we did with the GI Bill. Government financed the education, but the veterans chose the school.
~From George Mason economist Walter Williams’ latest column
The writers’ strike basically shapes up as a couple of third cousins at Thanksgiving dinner arguing over who gets a slightly larger slice of the billion dollar pumpkin pie: the writers who create the movies and shows, or the corporations who actually take all the financial risk that allows us Hollywood writers to write in Hollywood in the first place.
~John Ridley’s NPR’s “Visible Man“
There’s an old newspaper saying, attributed to Lewis Grizzard, that “Being a newspaper columnist is like being married to a nymphomaniac. Every time you think you’re through, you have to start all over again.”
I think the same could be said for being a blogger.
Based on 30-day Fed Funds futures trading for December at the CBOT, the chance of a Fed Fund rate cut to 4.25% in December increased today from 80 to 86%. The Dow posted its biggest 2-day gain in 5 years.
The DJIA was up today by 2.55% (red line), but how about those NASDAQ bank stocks (blue line) – they made a nice 4.19% recovery today!!? Holy Moly!!