Rick Newman


February 2010


How Toyota is Doing Fat-Cat Bankers a Favor

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Notice who's not getting grilled these days? 

Federal Reserve Chairman Ben Bernanke has managed to testify before Congress without generating any headlines at all about giving billions to AIG. Treasury Secretary Tim Geithner is doing soft-news photo ops and appearing in Vogue without drawing ...

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TAGS:
cars
Toyota

Why Politicians Can't Create Real Jobs

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The history of recessions offers some unwelcome news for all those in Washington who think they have the power to boost hiring.

Jobs used to return quickly after recessions. After the downturn that ended in 1975, it took only two months for the unemployment rate to peak and then start falling. In ...

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TAGS:
unemployment
employment

What Obama Could Bring to the Tea Party

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General Motors might not seem like a model bureaucracy—but it could teach the U.S. government a thing or two about denial, disaster, and survival.

GM's last year of business-as-usual was 2006, when the bloated automaker sold 9.1 million cars worldwide and brought in $206 billion in revenue. But like ...

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TAGS:
Obama, Barack

6 Myths About Car Recalls

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With all the hype surrounding Toyota's quality problems, you'd think a recall notice in your mailbox is the equivalent of a pink slip or IRS audit. Hardly. Toyota is certainly reeling from recalls of nearly 5 million U.S. cars, including top sellers like the Camry, Corolla, RAV4, and Prius. But ...

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TAGS:
Toyota
cars
recalls

How Toyota Gets Back on Track

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By now, the irony is obvious: The automaker that trounced rivals with top-tier quality and reliability is embroiled in a series of massive recalls to fix problems other vehicles don't have. All told, Toyota has recalled about 4.5 million vehicles in the United States since last fall—and nearly ...

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TAGS:
economy
Toyota

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