President Obama Tells CEO’s How to Invest (it’s true); Tesla Electrified Owners; Hershey Welcomes Back Sugar

 Oh and by the way…

Image courtesy of cooldesign/FreeDigitalPhotos.net

Image courtesy of cooldesign/FreeDigitalPhotos.net

As I mentioned yesterday, the Business Roundatble got together to dish out its thoughts and projections for the economy. If you recall, the BRT is a group of CEO’s “of leading U.S. companies working to promote sound public policy and a thriving U.S. economy.” I’m down with that. Not to be outdone, President Obama, who is not a CEO, told the BRT group, who by the way, represent around $7.4 trillion in annual revenue, that they should invest in infrastructure which apparently is a fabulous “foundation for growth.” It should be duly noted that this business advice is coming from the same person who is responsible for the very unaffordable Affordable Healthcare Care Act. Just saying. President Obama also went on to say that the thorn in his executive side, the bane of his Presidential existence, also known as Republicans, would be sure to challenge any source of funding if it meant new taxes. And just when I was looking forward to paying more taxes together with my unaffordable health care, darn it! Hence, according to Mr. President, you needn’t hold your breath for any new infrastructure bill to pass. And while private investment in infrastructure is no new concept, especially in other countries, here in the United States, legal and tax issues don’t exactly scream, “Invest in infrastructure!”

Zap to it…

Image courtesy of Danilo Rizzuti/FreeDigitalPhotos.net

Image courtesy of Danilo Rizzuti/FreeDigitalPhotos.net

Can Tesla do no wrong? Well it can but apparently not when it comes to Consumer Reports, which just reported that the Tesla Model S is so beloved amongst its owners that 98% of them would repurchase the vehicle (But what of the other 2%?). The car which goes for close to $70,000 is even a fave with the team over at Consumer Reports. Other cars that owners loved were the Chevrolet Corvette Stingray and the Subaru Forester. Apples and oranges, I know. The Kia Rio, sad to say (actually ambivalent) failed to impress its owners. However, it was the Nissan Versa that found itself at the bottom of the list. And while life is good at the top for Tesla, it best be warned: BMW is nipping at its shiny bumper. Especially with its i3.  While Tesla’s superchargers across the country (and beyond) can be used only with Teslas, BMW is about to put out its own series of superchargers that will be compatible with other models. Except for Teslas. And Nissans (especially that Versa).

I know this sounds corny but…

Image courtesy of artur84/FreeDigitalPhotos.net

Image courtesy of artur84/FreeDigitalPhotos.net

High-fructose corn syrup beware! You’re on the chopping block having gotten a bad rep over the last several years by getting blamed for a rise in obesity and diabetes. While there isn’t enough evidence that corn-syrup is exclusively to blame,  The Hershey Co. has still decided to kick that ingredient out of its delectable confections.  Instead it will once again use perennial favorite , and old time classic, sugar, instead of the high-fructose corn syrup/sugar cocktail it had been using for so many years. Sugar, that formidable staple which holds a prominent place in my own personal food pyramid, will once again reign supreme for Hershey confections.  However, there is no official time-frame for the switch –  only an acknowledgement that consumers, my self included, much prefer sugar over high-fructose corn syrup.  One of the many groups not pleased by this turn of events are those involved in corn futures. Refiners have even cut costs just to compete with sugar. But seriously, can you really compete with…sugar?

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A Vrooming Good Time in November; #GivingTuesday – Think Black Friday for a Cause; The CEO’s Knows

No-vroooomber!!!!!

Image courtesy of renjith krishnan/FreeDigitalPhotos.net

Image courtesy of renjith krishnan/FreeDigitalPhotos.net

The automotive industry had a great November, especially toward the end with all those Black Friday and other holiday promotions. Companies posted some very merry sales. Well most of them, anyway. Chrysler Group rocked the month of November with a 20% jump thanks in big part to its ever-lovable, perennial fave Jeep Brand which had a record month and a 27% increase in sales of its Jeep brand cars. GM took in a very hearty 6.5% sales increase – a particularly impressive feat since its Cadillac brand took a huuuuge 18.7% plunge. But man oh man –  knocking 20% of sticker prices on Buick and GMC Brands certainly helped GM sell over 225,800 cars. Ford, however, told a very different tale as its sales took a 1.8% beat down. Apparently drivers are eagerly waiting for the newly redesigned 2015 F-150’s and Mustangs. After analysts finish adding up their numbers, it’s expected that 1.27 million vehicles will have been sold this November.

Give it up for Tuesday…

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

Image courtesy of Stuart Miles/FreeDigitalPhotos.net

As we bid adieu to the Blackest of Fridays and the Cyber-est of Mondays, let us usher in #GivingTuesday. Conceived in 2011 by a group of folks from the 92nd Street Y in New York City, the group started out with about 2,500 non-profit organizations participating in 2012. Today, over 20,000 non-profit partners are getting in on the action with thousands more worldwide asking you to give back with money, clothing, food, or volunteering that most precious of all things – your time.  Give a donation, and in plenty of instances, your donation will be matched. Tons of other organizations will even double or triple your donation. Don’t believe me? Go see – and give – for yourself. #GivingTuesday

Well if a CEO said it…

Image courtesy of cooldesign/FreeDigitalPhotos.net

Image courtesy of cooldesign/FreeDigitalPhotos.net

What happens when you survey 129 CEO’s to talk about the economy? Well for one, they don’t always agree with economists. Hmm. Case in point, the top CEO’s in the country, surveyed by an association called the Business Roundtable, feel the economy will grow by 2.4%. Economists beg to differ (okay, so maybe there was no begging) that the economy will grow at a higher rate of 3%. Potatos. Puh-tatoes. So who’s your money on? The Business Roundatble (BRT), by the way, “is an association of chief executive officers of leading U.S. companies working to promote sound public policy and a thriving U.S. economy,” according to its highly  informative website. Other insights from the CEO’s: 74% of them expect their companies’ sales to go up. They also expect a nice little rise in their employment within the next six months. All good things, of course.