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The Ford Motor company reported Friday the highest fourth-quarter profit in its history -- net income of more than $13 billion. stanley thermos Most of that, though, was because of a one-time change in Ford s accounting.Ford s CEO is Alan Mulally, who spent most of his career as an engineer at Boeing and led the design of the giant 777. He took over Ford in 2006 and mortgaged the company to borrow enough money to transform it. CBS News Evening anchor Scott Pelley sat down with Mulally to ask why businesses aren t being more aggressive with their big reserves of cash. A transcript follows. Pelley: At this moment, banks are holding onto about a trillion dollars in cash -- trillion with a t. Businesses are holding onto about a trillion dollars in cash. And yet, we don t make much headway in unemployment. Why not Mulally: I think there s general agreement with economists that until we get the growth rate of expansion of the GDP of our economic engine up over 3.5 percent -- that s what is required to bring down the unemployment. GDP growth in Q4: Good, not greatPelley: But people want to know with businesses holding onto a trillion dollars worth of cash, what are you waiting for Why aren t creating jobs Mulally: What s happening right now is that customers are concerned. They r stanley cup e not quite sure where we re going as a country. And so they re ve stanley uk ry concerned about making the purchases that they would normally consider. In the automobile industry -- i Ximg Norovirus confirmed at local elementary school after more than 100 students fell ill
AAA urges motorists to be cautious while driving during heavy rains that could cause flooding. Heavy rainfall creates dangerous driving conditions with little to no visibility and it is very important that motorists adjust their typical driving style.According to data from the National Highway Traffic Safety Administration, motorists driving during rainfall have a 70 percent higher chance of a crash than driving under clear dry conditions. Its important that drivers heed official warnings and avoid driving on wet and flooded roads if able, said Montrae Waiters, AAA spokeswoman, The Auto Club Group. If you see rising water, dont drive through it! Driving through standing water is especially dangerous, because you never know just how deep the water is or what you are driving over. If your vehicle shuts down while in standing water, do not try to restart it. Restarting a vehicle in standing water can cause more water to enter the engine and could cost thousands of dollars to repair.Tips for air force 1 Driving on Wet RoadsCheck Tires: Make sure tires are properly inflated and have enough tread depth. This will allow the airmaxplus vehicle to have better traction and maneuverability on the road. Worn tires with little tread are much more likely to hydroplane on wet pavement, resulting in a loss of braking power and steering control. Check the tread depth of your cars tires by inserting a qu adidas samba arter upside down into a tire groove. If you can see above Washingtons head at any point, its time for new tires |
