Ford just took a $19.5 billion write-down, given what they spent, all for nought, into its foray into electric transportation. That’s about twice its annual earnings.
Worse, it means that Ford will become essentially irrelevant in about 10 years, according to the speaker in the video below, who is referring to the trend toward autonomous vehicles.
The Coming Collapse of Ford Due to its Abandonment of its EV Business
Renewable Energy
We Have Plenty of Problems that Actually DO Exist
The Trump administration and congressional Republicans are exceptionally good at focusing the MAGA base on problems that don’t exist.
What bathrooms should trans people use? Well, before we work ourselves into a frenzy, let’s ask ourselves if this is an issue that is really harming the good people of this nation.
Keep in mind that 60% of Americans live paycheck-to-paycheck and are struggling to afford groceries.
Renewable Energy
The Next U.S. President
I would say that the meme here is “semi-true.”
It’s certainly true that he/she will be repairing broken relationships with our historical allies, but I don’t think that will be too terribly difficult. The rest of the world will be popping champagne corks the second Trump’s gone.
Renewable Energy
How Did This Happen?
The simple answer to the question here is that we’ve become a nation many of whose people think, “I got mine. Go die.”
Now, how did this happen? That’s more complicated, but I suggest that, as I’ve believed since I was in my teens, we’re living through the endgame of free market capitalism.
The rich have gotten richer and have taken an ownership position in our lawmaking processes, so as to take them from millionaires to billionaires. At the same time, the rest of the U.S citizenry has become so poorly educated and desperate that they’ll believe that the people who harvest our fruits and vegetables are stealing our jobs and driving up the cost of housing.
Just a generation ago, Americans were proud that their country led the world in promoting democracy and moral fortitude. Now, we stand for racial hate, greed, cruelty, and war criminality.
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