Free Republic

The layoffs, which mostly hit commercial operations and related corporate functions, comes one day after the robotaxi subsidiary dismissed nine “key leaders.” The moves are fallout from the company’s response to the Oct. 2 incident in which a pedestrian was dragged 20 feet by a Cruise self-driving car after being hit by another vehicle. Since the incident, the company has suspended all trips on public roads and halted production of a new robotaxi, among other moves. ... General Motors’ Cruise on Thursday announced internally that it will lay off 900 employees, or 24% of its workforce ... The layoffs, which...

General Motors will lay off about 1,300 workers from two of its Michigan plants, according to WARN notices the company has filed with state regulators. The job cuts at GM’s Orion Assembly and Lansing Grand River Assembly, which will take place in the new year, come after the automaker said in October that it would be delaying electric pickup truck production into 2025. The layoffs at GM’s Orion plant will affect 945 employees, while 369 employees will be cut from the Lansing assembly plant. The Orion plant produced the Chevrolet Bolt EV and Bolt EUV crossover, and GM is planning...

As I was driving earlier today, I heard a news clip on the radio announcing that inflation rates in Canada are the highest that they have been in forty years. Forty years! There was a huge lineup of cars at the gas station because the price of gas was a bargain at $1.94 per litre. Not that long ago, circa March 2020 before the ChiComms lobbed their biological nuke into our bodies and countries, it cost about $45 CDN to fill up our tank. This evening, we had an eighth of a tank left, put almost $75 into the tank...

No king, no parliament, no president, no legislature can repeal the law of unintended consequence. Russia’s war with Ukraine, and the cut-off of oil and natural gas to Western Europe, have brought coal back to power plant furnaces across Europe. This week, the Netherlands, Germany, and Austria all moved to reignite coal power. Gone are environmental regulations and restrictions. For example, the Netherlands had previously limited coal to only one-third of its full capacity. The party of green, so closely aligned with the left in the United States, may see a defeat on both fronts. Right now it looks likely...

Joe Biden on Wednesday delivered remarks on soaring gas prices from his fake White House set in the South Court Auditorium. Biden repeated the same lies in his speech and blamed Vladimir Putin for high gas prices. "Let’s remember how we got here: Putin invaded Ukraine,” said Biden. Gas prices spiked before Putin invaded Ukraine. Joe Biden scolded Republicans and said there is no way they can simultaneously blame him for high gas prices AND oppose Putin’s invasion of Ukraine. "So, for all those Republicans criticizing me for high gas prices in America, are you now saying we were wrong...

President Joe Biden has again blamed inflation on 'Putin's Price Hike' just moments after Federal Reserve chair Jerome Powell said that Russia's war in Ukraine was not the main driver of rising consumer prices.

The burn rate for this government (Ukraine...) is somewhere between five and six billion dollars a month and that is a staggering burn rate. USAID was part of president Biden's commitment in disbursing a billion dollars to the world bank trust fund. Thanks to congress and rare bipartisanship in this town we have 7.5 billion dollars more direct budget support that we wish to be providing to Ukraine. That is a lot of money and that is money that we know is not going to be enough. We know that more direct budget support is going to be needed down...

European natural gas prices rose after rallying 43% last week as Russia’s steep supply cuts put governments on high alert amid a mounting possibility of rationing. Benchmark futures rose as much as 8.1%, with shipments via the Nord Stream remaining at just 40% of capacity. Supply is likely to remain curbed with Gazprom PJSC’s chief Alexey Miller warning there’s no solution for now for issues with the gas turbines essential for the functioning of the pipeline. That’s forcing major European consumers to withdraw gas from the reserves they have been building for the winter when demand typically peaks. The government...

China imported a record volume of Russian crude in May, with arrivals surging by 55 percent to nearly 2 million barrels per day (bpd). This has made Russia the top oil supplier to the world's leading crude importer—putting it ahead of Saudi Arabia for the first time in a year and a half. A record volume of cheap Russian oil, which sells at steep discounts to crude from other countries, made its way to Chinese refiners last month, according to figures from China's General Administration of Customs cited by Reuters. China imported 1.98 million bpd of Russian crude oil in...

If there’s a topic uppermost on most people’s minds today, it is certainly the surge in inflation over the past year. Soaring prices have affected virtually every person in the country. And Americans say they know who’s responsible: President Biden. Surprisingly, that includes more than half of all Democrats, too. May’s 8.6% annualized inflation rate, the highest in 40 years, shocked financial markets and alarmed consumers and workers alike. As we’ve been reminded over the years, inflation acts as a tax on everyone, lowering standards of living, raising costs across the board, and eroding the very foundations of a productive...

More than half of Americans in a new poll from The Economist and YouGov believe that the U.S. is currently in a recession. The survey, published on Monday, found that 56 percent of respondents believed that the country is currently going through an economic recession. Twenty-two percent of respondents disagreed with the idea that the U.S is in a recession, while 22 percent of those surveyed said they are not sure if a recession is currently happening. Whether a respondent thought the economy had dipped into a recession largely was dependent on political party. Seventy percent of respondents who identified...

President Joe Biden falsely claimed the US has the 'fastest-growing economy in the world' during a spot on Jimmy Kimmel Live! - as the country continues to face inflation not seen in decades and a potential economic crisis. The assertion came during the president's in-person appearance on the late-night talk show Wednesday - his first ever - where he touched on a number of hot-button issues like abortion, climate change and inflation. However, Biden bizarrely began the interview by touting supposed success the US economy has seen under his administration - making the glaringly false claim in the process.

The original formula recall announced by the FDA in February did not include the brand we used for our daughter, which made me assume that we would not be affected. As a first-time mom already concerned about keeping her baby safe during the pandemic, I didn’t need another thing to worry about. I thought that the government would step in before families had to go out of their way to find food. We noticed the large empty spaces on shelves at every store but remained optimistic that help would arrive soon. Yet the shelves only grew emptier. My mother-in-law agreed...

Stocks dropped on Friday morning after a highly anticipated inflation report showed a faster-than-expected rise in prices. The Dow Jones Industrial Average shed 755 points, or 2.3%. The S&P 500 fell 2.5%, while Nasdaq Composite sank nearly 3%. The May consumer price index report came in at its highest level since 1981, putting pressure on the stock market. The report showed prices rising 8.6% year over year, and 6% when excluding food and energy prices. Economists surveyed by Dow Jones were expecting year over year increases of 8.3% for the main index and 5.9% for the core index. "It's confirming...

Moody's Analytics chief economist Mark Zandi is ready to call it. He tells Fortune that we've officially moved from a housing boom into a "housing correction." The real estate data rolling in for April and May shows that the U.S. housing market is softening. New home sales fell 19% to their lowest level since April 2020. Redfin reports 19% of home listings cut their price over the past month. Inventory is rising fast, while mortgage applications and existing home sales are also falling. This drop-off isn't a result of seasonality, or a soft month or two. Zandi says it's a...

reportedly added an extra digit to their pumps in anticipation of $10 per gallon of gas, The Post Millennial reported Tuesday. Gas Pumps have reportedly been reprogrammed to include double-digits at the 76 Gas Station in Auburn, Washington, located at 1725 Auburn Way North to accommodate record fuel prices. While the company has not confirmed they will have double-digit prices at their pumps, the company clarified that they are preparing for increased prices based on current trends, a 76 spokesperson said, according to the outlet.

Some sort of a dire food situation by June/July is possible if not even likelyThe idea is to have a year's worth of basic food (rice, wheat... etc) around, be able to go for a year without grocery stores...