The Numbers Don’t Lie On Debt And Wealth
Dear Dave argues debt blocks wealth while mortgage debt can be acceptable only with a 15 year fixed rate. he cites decades of data and Christian views to claim debt is generally a burden. He counsels against tapping a 401 k to cover car debt, noting penalties and taxes would erode most of the funds.
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Dave
Nathan
Monty
Harley-Davidson says tariffs may lift annual costs by up to 100 million
Harley-Davidson executives told investors that ongoing U S tariff fights could raise annual costs by as much as 100 million as the firm shifts European motorcycle production overseas to avoid retaliatory EU duties. CEO Matt Levatich defended the decision, noting pressure from tariffs and ongoing talks with the Trump administration and other governments to remove them. The company projects weaker domestic sales and seeks overseas demand to offset higher costs from the trade dispute.
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Trump
Trump Announces 12 Billion Aid To Farmers In Trade War
The Trump administration unveiled a 12 billion dollar aid package to American farmers to blunt the impact of tariffs with China. Direct payments and surplus crop purchases will be overseen by USDA without congressional approval, as President Trump urged patience while insisting farmers will benefit if China concedes to new terms. Some growers and Republican allies criticized the plan, arguing it amounts to government picking winners and losers and noting past losses from tariff battles. The program followed Trump’s Kansas City remarks and a Monday display of a Make American Farmers Great Again cap.
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Wisconsin
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Marchionne's bold gamble revives Chrysler and Fiat union
Sergio Marchionne stood in a Birmingham hotel room pitching Fiat as the beacon for Chrysler's comeback during the 2008 crisis. A legal and philosophical mind with a painterly strategic sense he viewed Jeep and Dodge Ram as untapped value. He reshaped brands and engineered a path where Daimler had abandoned a merger, turning Ram from a renamed truck line into a symbol of renewal.
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Detroit
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