Free Republic

The Ford Motor Co. will reduce its workforce by upwards of 4,000 across Europe and the U.K. by the end of 2027, the manufacturer announced Wednesday, citing headwinds generated from the economy, pressure from increased competition and weaker than expected sales of electric vehicles (EVs) for the dim forecast. Most of the job cuts would come in Germany and would be carried out in consultation with employee representatives, AP reports. The company also plans to reduce working time for workers at its Cologne, Germany plant where it makes the Capri and Explorer electric vehicles.

White House on worst market drop since 2008: ‘Markets go up and down’ 1 hr 5 mins ago The Dow Jones Industrial Average dropped by 512 points Thursday, erasing this year’s market gains, but the White House had little to say besides “markets go up and down.” “I don’t have a specific reaction to the market. Markets go up and down,” White House press secretary Jay Carney said. “There is no question that we have — this economy has faced headwinds this year, a variety of them including the earthquake and tsunami in Japan, the increase in oil prices, energy...

http://seekingalpha.com/article/1019...rket-headwinds Obama Billionaire Supporters Are Causing Market Headwinds by: Jason Schwarz October 28, 2008 | Market turmoil gets Barack Obama elected. He knows this and more importantly, so do his supporters. A survey released by Prince and Associates, shows that 75% of voters worth $1 million to $10 million are favoring John McCain, but of those voters worth more than $30 million, two-thirds support Obama. It's no secret that the majority of uber rich individuals despise the current administration and are willing to do whatever they can to get new blood into the White House; even if it comes under...