I recently wrote an article entitled “Going Ugly On Purpose.” This was a piece about how automakers are intentionally uglifying their base-level vehicles so people pay more for nicer models. Many of you read this story from start to finish, absorbed the facts, perused the nuances, and then scrolled straight to the comments where you got into a fight about California versus Texas.
Between the comments, private messages and emails, you, the readers, sent over 100 comments on how to get the smoke smell out of Project Volvo. Thank you for providing me one of the rare opportunities to harness “crowdsourcing” in a way that isn’t some nebulous social-media pie-in-the-sky frivolity. I’ve made great strides with shampoo and vinegar/water solutions, and will be moving on to coffee grounds and other tactics. In the mean time, something else has caught my attention.
Now that the Conservatives (with the help of the Liberal Democrats) have come to power in the UK, the Conservatives are going to push forward their plans for a reduction in the UK deficit (i.e savage cuts). Now, while I agree in the long term, this will be good for the UK, in the short term, it will cause higher unemployment and severe “belt tightening”. The UK isn’t the only country with this frame of thinking. Only today, the Spanish government has announced deep budget cuts in order to reduce their deficit and to prevent markets from thinking of them as the next “Greece”. So, with the UK and Spain making these budget cuts, the Euro looking unsteady and Greece still not convincing markets, what else could make Europe stare at another recession? That’s right, a possible trade war. (Read More…)