Tesla Motors is embarking on a fascinating journey, though the specifics remain somewhat ambiguous. According to the Tesla Motors website, the company’s mission is to hasten the world’s shift toward sustainable transportation.
This mission sounds ambitious, indeed. However, we must confess that we find ourselves questioning the meaning of sustainable transportation and the urgency of this transition. Nevertheless, let’s presume this endeavor is well-intentioned.
Elon Musk, Tesla’s daring CEO, is certainly convinced of its merit. He seems unwavering in his commitment, recently raising the stakes even higher. The company now aims to boost its electric vehicle production to 500,000 units annually by 2018.
Clearly, they face a formidable challenge. Achieving 500,000 electric vehicles produced each year represents an astounding increase of nearly 1,000 percent from the 50,580 vehicles delivered last year. Is this goal even feasible? Continue reading
Problems, as they are typically perceived, demand solutions. A broken shoelace needs fixing. Unfortunately, in today’s democratic landscape, the individual who promises the most solutions—often through distribution of resources—wins the election.
Recently, a Gallup poll revealed that 18 percent of U.S. adults view the “economy in general” as the foremost issue facing the nation. This was closely followed by 13 percent who cited “dissatisfaction with government,” while 9 percent pointed to “unemployment and jobs” as their primary concern.
These top concerns appear interconnected. When the economy flourishes and quality jobs are abundant, the government often escapes scrutiny. Conversely, a faltering economy alongside rising unemployment ignites public unrest.
Delving deeper, we ponder whether the Gallup poll has presented the wrong options. Specifically, how can “economy in general” be a valid response to a question regarding the nation’s most pressing issue today? Continue reading
Observing the economic misadventures led by central planners can be a risky endeavor. Common ailments include strained necks and tired eyes. Additionally, one may find a permanent look of disbelief plastered on their face as they witness each outrageous scheme aimed at “saving” us.
Such spectacles also leave behind etched forehead lines and nighttime teeth grinding. Not having invested in Amazon might be another downside, though, in the long run, it may prove less consequential.
Clearly, examining the current state of monetary and fiscal policy in America has its merits. A healthy skepticism emerges towards politicians and public officials, alleviating the burden of voter’s remorse. As we did not cast our votes for President Obama, we can avoid the heavy conscience that accompanies such a regrettable decision.
Moreover, one can retain their dignity by resisting the temptation to align with the latest populist trend. The Tea Party and Occupy Wall Street movements turned out to be quite disillusioning. Continue reading
Today, we reflect on recent history with a singular focus. Our aim is to gain insights into the current economic landscape. We have pressing inquiries…
Why has the economic recovery been so feeble? How is it that, nearly seven years post the official conclusion of the Great Recession, the economy remains ensnared in a sluggish mire? As we scrutinize the details, one pivotal week stands out.
On Saturday, September 20, 2008, Treasury Secretary Hank Paulson submitted a draft of the Troubled Asset Relief Program (TARP) to Congress. If you recall, it was a tumultuous week. On Monday, September 15, Lehman Brothers, a stalwart for 158 years, vanished entirely.
Throughout that week, the financial markets experienced relentless turmoil. Even money market funds were in outright panic mode. In fact, a record-shattering $169.03 billion fled from money market funds in the week ending September 17. Continue reading
