Global carmakers lose nearly $6 million daily for each plant shut down in Wuhan – media
“Some Wuhan parts suppliers now rely on stockpiles, but the stockpiles will run out soon. Another problem lies in the delivery network, which has not returned to normal,” an auto industry insider told the Global Times. Feast in time of plague? Trump official says China coronavirus is good for US economy The city of Wuhan in Hubei province, from where the epidemic is believed to stem from, is one of China’s major auto hubs, hosting American, European and Japanese carmakers among others. In 2018, more than 1.7 million units of vehicles valued around 400 billion yuan ($57 billion) rolled off the production lines in the city.As Wuhan has been on lockdown since late January, the facilities … [READ MORE...]
Streaming TV’s Boom Is a Mixed Blessing for Some Hollywood Writers
“I think they’re experimenting with the shortest product they can still call a TV series,” said Steve Conrad, the president of Elephant Pictures, a production company in Chicago. “I couldn’t keep this company together if it was fewer than eight, and it’s coming.”In addition to shortening season lengths, the streaming platforms have ignored the school-year-style calendar of television’s network days, with its premieres in the weeks after Labor Day and finales late in the spring. Netflix has served up new seasons of its most-watched program, “Stranger Things,” in July. Apple TV Plus unveiled one of its most-hyped shows, “Little America,” in the middle of January.The rise of streaming has fattened the wallets of superstar writer-producers like Shonda Rhimes and Ryan Murphy, while also giving … [READ MORE...]
The Work Diary of Jessica Walsh, Designing (and Wining) Woman
4 p.m. Went to the vet. My dog Oscar has spinal cancer and had surgery and radiation last year, but they couldn’t remove all of the cancer because of its proximity to his spine. They believe it has metastasized to his liver, which means he might only live another three to six months. It’s very sad.5 p.m. Creative ideation, et cetera. Ate a quick delivery dinner with Zak somewhere.11:30 p.m. Talked with Nadia Chauhan, the chief marketing officer of Parle Agro, an Indian beverage company, about some of the creative choices for the upcoming print campaign and TV commercial shoots. She lives in another time zone, so I’ll often catch her late nights or early morning to chat via WhatsApp or calls.Wednesday7 a.m. Emails and calls with the production company, client and director for next week’s … [READ MORE...]
Latest News
Federal Prosecutors Investigating Whether Boeing Pilot Lied to F.A.A.
MCAS was designed to activate only when the plane was making sharp turns at high speeds. But late in the development of the Max, Boeing engineers decided they needed MCAS to operate when the plane was flying at low speeds, too. To have the same effect on the plane at low speeds that it had at high speeds, the engineers gave the system more power.In the messages from November 2016, Mr. Forkner seems to note that MCAS was triggering at low speeds.“Oh shocker alert!” he wrote. “MCAS is now active … [Read More...]
‘Now Is the Time’: A Fed Official Urges Congress to Plan for Recessions
One such proposal is the so-called Sahm Rule. Created by Claudia Sahm, a former Fed economist, it would use a pronounced jump in the unemployment rate to trigger a fiscal response such as stimulus payments to households.Ms. Brainard’s colleague Mary C. Daly, president of the Federal Reserve Bank of San Francisco, has also made a case for government spending policies that kick in immediately.Central bankers “face greater uncertainty about the impact of our tools and their ability to achieve our … [Read More...]
Clicking Buy on Amazon? It’s Trying to Prevent a Coronavirus Caveat
Mr. Kavesh, 57, who is based in a Seattle suburb, said that the factory in China that produced his cowboy hats was closed and that he did not know when it would reopen. Even after the factory’s workers return, the facility needs wool from its Chinese suppliers to make the hats.“The key component — they don’t know when they are going to get that,” he said.It takes about four months for his orders to be made and to arrive in the United States, Mr. Kavesh added. That means he typically would have … [Read More...]
When You Click Buy on Amazon, It May Be Sweating the Supply
Mr. Kavesh, 57, who is based in a Seattle suburb, said that the factory in China that produced his cowboy hats was closed and that he did not know when it would reopen. Even after the factory’s workers return, the facility needs wool from its Chinese suppliers to make the hats.“The key component — they don’t know when they are going to get that,” he said.It takes about four months for his orders to be made and to arrive in the United States, Mr. Kavesh added. That means he typically would have … [Read More...]
Previous news
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- Walmart Says It’s Not Lowering Forecast Because of Coronavirus
Small Business
The Work Diary of Jessica Walsh, Designing (and Wining) Woman
4 p.m. Went to the vet. My dog Oscar has spinal cancer and had surgery and radiation last year, but they couldn’t remove all of the cancer because of its proximity to his spine. They believe it has metastasized to his liver, which means he might only live another three to six months. It’s very sad.5 p.m. Creative ideation, et cetera. Ate a quick delivery dinner with Zak somewhere.11:30 p.m. Talked … [Read More...]
Is a 400% Rent Increase the Future of Coney Island?
Mr. Bloomberg wanted to restore the district, which began to decline in the 1960s, to its heyday by promoting the development of stores and apartments along Surf Avenue. Businesses that were open only in the summer would move to a year-round schedule, helping to bolster what Mr. Bloomberg envisioned as the nation’s largest urban amusement park. The city leased the land to Zamperla, allowing it to … [Read More...]
Your Money
Don’t Let the Wrong State Get Between You and Your Assets
Other states require that beneficiaries be told of the trust on their 18th or 21st birthday. In Delaware, a person could be kept in the dark until 30 or 40 or later.“Parents don’t want to tell someone at 18 that they have this multimillion-dollar trust if they can wait until their mid-20s or early 30s,” said Joshua S. Miller, senior wealth strategist and managing director at CIBC Private Wealth in … [Read More...]
Got an Unexpected Check in the Mail? It May Be Fake
“Con artists favor these payment methods because once the money is sent,” the F.T.C. said, “it is almost impossible to trace or reverse.”Ms. Vaca said the criminals “create an illusion,” adding: “You have a check in your hand, then a deposit in your bank account. It doesn’t look fake. It feels completely risk free.”In one account detailed in a Better Business Bureau report in 2018, a student in … [Read More...]