Latest news with #HenryFord
The National
3 days ago
- Automotive
- The National
Decline in sales of Tesla cars was to be expected
In the early 1930s, Ford were the dominant car maker there and worried about coming up against the USA 's anti-trust laws because of this dominance. READ MORE: Hebridean shop owners ordered to remove sign calling out Donald Trump Henry Ford himself unintentionally solved the problem with his views on eugenics and support for Adolf Hitler. Once his views became publicised, this resulted in a collapse of sales and allowed others like Chrysler and GM to expand. Drew Reid Falkirk
Forbes
5 days ago
- Business
- Forbes
‘It Takes A World' To Achieve Life-Saving Cures. Let's Not Penalize It
The path to rapid attainment of pharmaceutical advances is a global endeavor. That's because the more hands, machines, and minds at work in the creation of that which will vanquish cancer in all its forms, heart disease, and surely future diseases we haven't lived long enough to get, the quicker we will arrive at those advances. What's sad is that the above even needs to be said. Going back to the pin factory that Adam Smith visited in the 18th century, to the car factories that Henry Ford designed in the 20th century, to the iPhones (aka supercomputers) that are a consequence of innovative production on six different continents, it's long been known that rapid progress is an effect of spreading production across as many as possible. Applied to life-saving drugs, it will take the 'closed economy' that is the world economy to turn global killers of today into yesterday's afterthoughts. Stop and think about this now, and with foreign income of U.S. pharmaceutical companies well in mind. They don't have overseas operations just because, or even to escape U.S. taxation, but instead because innovation doesn't stop at U.S. borders. Much as the iPhone wouldn't be the iPhone without foreign cooperation, present and future pharmaceutical advances won't come to be without the collaboration of minds, hands and machines the world over. In other words, a tax on foreign pharmaceutical production is a tax on domestic pharmaceutical production in two ways. To which some might say so what, American pharma is the best of the lot. No argument there. Just the same, the best American pharmaceutical firms have acquired businesses around the world to compliment their own production, and product mix. Which means if the tax code penalizes what U.S. firms earn overseas to theoretically 'onshore' everything, they'll be taxing advances overseen by American pharma. Only for it to get worse. The desire to excessively tax overseas production will put U.S. corporations at a disadvantage in acquiring foreign innovators in the first place. Never forget that taxes are a price, or better yet a charge levied on investment. Taxing what's not American will be paid for by American corporations. Which calls for recognition that American production is American production no matter where it takes place. With the latter in mind, the ideal corporate tax is zero exactly because corporations as taxpaying entities are fictional. Shareholders own corporations, which means shareholders pay corporate taxes. A corporate tax is just double taxation of untaxed individual earnings. But that's a digression, and one imaging rationality about a tax code that screams irrationality. Yet since wholly rational on the matter of taxes is an impossibility, let's at least acknowledge that great corporations generally are great because the avail themselves of global talent. That being the case, U.S. pharmaceutical companies should have their foreign production and profits taxed as it is stateside. If so, the global cooperation necessary for pharmaceutical advancement will crucially pick up speed. The simple truth is that it takes a world to cure what ails us, so let's bring the U.S. corporate tax code up to speed with this truth.
Chicago Tribune
6 days ago
- Politics
- Chicago Tribune
Today in History: Production of Model T ended
Today is Monday, May 26, the 146th day of 2025. There are 219 days left in the year. This is Memorial Day. Today in history: On May 26, 1927, the Ford Model T officially ended production as Henry Ford and his son Edsel drove the 15 millionth Model T off the Ford assembly line in Highland Park, Michigan. Also on this date: In 1864, President Abraham Lincoln signed a measure creating the Montana Territory. In 1924, President Calvin Coolidge signed the Immigration Act of 1924, which barred immigration from Asia and restricted the total number of immigrants from other parts of the world to 165,000 annually. In 1938, the House Un-American Activities Committee was established by Congress. In 1940, Operation Dynamo, the evacuation of more than 338,000 Allied troops from Dunkirk, France, began during World War II. In 1954, an explosion occurred aboard the aircraft carrier USS Bennington off Rhode Island, killing 103 sailors. In 1967, the Beatles album 'Sgt. Pepper's Lonely Hearts Club Band' was released. In 1972, President Richard M. Nixon and Soviet leader Leonid Brezhnev signed the Strategic Arms Limitation Treaty in Moscow following the SALT I negotiations between the U.S. and the Soviet Union. (The U.S. withdrew from the treaty under President George W. Bush in 2002.) In 1981, 14 people were killed when a Marine jet crashed onto the flight deck of the aircraft carrier USS Nimitz off Florida. In 2009, California's Supreme Court upheld the state's Proposition 8 same-sex marriage ban but said the 18,000 same-sex weddings that had taken place before the prohibition passed were still valid. (Same-sex marriage became legal nationwide in June 2015.) 2009, President Barack Obama nominated federal appeals judge Sonia Sotomayor to the U.S. Supreme Court. In 2011, Ratko Mladić, the brutal Bosnian Serb general suspected of leading the massacre of 8,000 Muslim men and boys in Srebrenica, was arrested after a 16-year manhunt. (Extradited to face trial in The Hague, Netherlands, Mladić was convicted in 2017 on genocide and war crimes charges and is serving a life sentence.) Today's Birthdays: Sportscaster Brent Musburger is 86. Singer-songwriter Stevie Nicks is 77. Actor Pam Grier is 76. Country singer Hank Williams Jr. is 76. Celebrity chef Masaharu Morimoto is 70. Actor Genie Francis is 63. Comedian Bobcat Goldthwait is 63. Musician Lenny Kravitz is 61. Actor Helena Bonham Carter is 59. Actor Joseph Fiennes is 55. Actor-producer-writer Matt Stone is 54. Singer-songwriter Lauryn Hill is 50. Singer Jaheim is 47.
Scotsman
23-05-2025
- Scotsman
Semantically bleached travel tips for Generation XWYZ
Now, this might sound like a rude term, but hear me out: Raw dogging. I know, it sounds downright nasty. It did start out that way, but now it's been 'semantically bleached', which sounds like a dodgy treatment an online influencer would have done to an unmentionable part of their anatomy. Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Apparently it means that something that was rude isn't now. There are times when I think the modern world tortures the English language just to baffle me. I really did think young people extending an invitation to 'Netflix and chill' did exactly that. They'd spend a night on the sofa watching the telly doing nothing, just like every other evening. In other words, marriage. Turns out, I was very, very wrong. Some youngsters think they've found a whole new way of travelling by shunning the modern devices that 'relieve the ennui of a long journey' Today 'raw dogging' means deliberately courting boredom whilst travelling. The modern devices that relieve the ennui of a long journey are shunned. No mobile phone doom-scrolling, Kindle reading or watching an epic film on a tiny screen. These youngsters think they've found a whole new way of travelling, by simply sitting and staring at the seat in front. Advertisement Hide Ad Advertisement Hide Ad Well, Gen WXYZ, welcome to my childhood, those days of travel when the most exciting thing to keep you occupied on a train was the Victor Summer Annual. That and a bag of Oddfellows. My mother swore they helped with travel sickness. They didn't, but they made a colourful contribution to my wee brother's volcanic upchucking. Car journeys were even worse, especially for his projectile vomiting. Keeping children occupied and looking out of the window helped, and so there were interminable games like 'Spot the Yellow Car'. This was not easy in the late sixties, an era still in thrall to Henry Ford's belief that customers could have a car in any colour, as long as it was black. Things improved in the seventies. Having kicked the ghost of Henry Ford to the kerb, British automakers went in for the hot colours of the Polyester Decade. Beige, brown, even gold hit the streets, and we could finally spot yellow cars. Another game was making up words from licence plates. You had to be quick. That's why I once shouted a word I should never have known, had not Andrew Patterson said it in the playground. The car went into the sort of silence you imagine in deep space, only relieved by the sound of my dad attempting to stifle snorts of amusement. The boring travel challenge is, of course, only fit for solo hipster travellers. There's not the parent of a small child in the land who would go back to the days of endless 'I Spy' games and the eternally repeated question 'are we there yet?', which usually starts just as the car pulls away from the front door at the start of a five-hour journey. Amusingly, other young travellers are now turning on the device-free brigade. They say the glassy-eyed mob are 'creeping' people out by staring and eavesdropping on conversations. Yes, children, that's what people do in small enclosed spaces. It's called 'looking around to find out who's having that crazy loud conversation on their mobile phone about her boyfriend's weird shower habits'. Technically, it's 'earwigging', a word that sounds like a horrible wee wriggly beastie, but it's been semantically bleached now, and we did it first.
Yahoo
22-05-2025
- Business
- Yahoo
The corporate work week grows even longer
This story was originally published on To receive daily news and insights, subscribe to our free daily newsletter. Henry Ford's idea, implemented in 1926, was that shortening the work week to 40 hours would improve workers' well-being, boost their ability to spend and reduce turnover. A century later those goals still hold value, but the 40-hour week is long gone, for the most part. The average work week now weighs in at 46.6 hours, according to a new survey of more than 10,000 Microsoft Office users by Reclaim AI, a Dropbox-owned provider of workforce productivity tools. The trend is hardly new, but it's deepening: In an earlier version of the survey published in October 2022, the average work week was 45.8 hours. In the recent survey, only 30.9% of employees reported working 40 hours or fewer per week, and more than one in 10 said they worked more than 60 weekly hours. This embedded content is not available in your region. Unsurprisingly, executives logged the most weekly hours, averaging 50.2, although all other worker categories were in the mid-40s. On a department-by-department basis, accounting and finance averaged 46.9 hours, the most other department than the C-suite, sales and administrative. Human resources put in the fewest hours. This embedded content is not available in your region. Reclaim AI had found in the earlier survey that the leading cause of burnout was a lack of time for focused work, much of it caused by incoming emails, chat messages, scheduled meetings and brief, informal team meetings. 'Regardless of your job title, everyone needs time to focus on heads-down work,' the company wrote in its new survey report. The average employee said they wanted 19.6 hours per week for such focus, but are getting only 10.6 hours of it. Employees said that while they ideally want to attend 8.2 meetings per week, they actually attend 10.6 meetings. Executives and managers both attend about 30% more meetings than they consider to be optimally productive. Accounting and finance workers attend about 23% more meetings than they'd prefer. 'The biggest time loss most organizations face is unnecessary meetings that may be over-scheduled or lack a clear objective,' the report said. Meetings that need to be rescheduled are particularly problematic, as 'last-minute cancellations create major time loss for attendees who invest time to ready their action items for discussion.' Surveyed executives said they reschedule or cancel 5.1 meetings per week, compared to the 11.5 meetings they actually attend. Yet, the volume of meetings has been steeply declining in recent years, according to Reclaim AI's research. As recently as 2021, employees were attending an average of 25.6 meetings per week. Recommended Reading 54% of employees say they're 'quiet cracking'
