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Mar 21, 2011

Special Report: Disasters show flaws in just-in-time production

TSUCHIURA, Japan/DETROIT/SAN FRANCISCO (Reuters) – Just over a week after the massive earthquake hit the sprawling Texas Instruments chip plant here, a gardener is reworking the Japanese garden in an inner courtyard of the office tower attached to the plant.

The garden is a symbol of tranquility and the gardener runs his rake in swooping patterns in the fine gravel that resemble ripples in a pond.

Mar 21, 2011

Disasters show flaws in just-in-time production

TSUCHIURA, Japan/DETROIT/SAN FRANCISCO (Reuters) – Just over a week after the massive earthquake hit the sprawling Texas Instruments chip plant here, a gardener is reworking the Japanese garden in an inner courtyard of the office tower attached to the plant.

The garden is a symbol of tranquillity and the gardener runs his rake in swooping patterns in the fine gravel that resemble ripples in a pond.

Mar 14, 2011

Republican Barbour says Obama policies stifle recovery

CHICAGO (Reuters) – Haley Barbour, a conservative Republican weighing a 2012 White House run, condemned President Barack Obama on Monday for failed leadership and big-spending policies that he said were stifling economic recovery.

On a visit to Obama’s hometown of Chicago, the two-term Mississippi governor and former Republican Party chairman said out-of-control spending and exploding deficits under Obama had smothered U.S. job and economic growth.

Jan 21, 2011

Hu visits U.S. heartland to tout business ties

CHICAGO, Jan 21 (Reuters) – Chinese President Hu Jintao took
his political roadshow to the U.S. heartland on Friday, visiting
Chicago to highlight business and cultural ties between the
world’s two largest economies.

Leaving behind the rancour of Washington where he was
pressed on human rights and currency policy, Hu was feted by the
Chicago elite at a gala dinner in U.S. President Barack Obama’s
hometown. He was to wrap up his four-day U.S. state visit with
stops at a local school and a business exhibition.

Jan 13, 2011

Gasoline price rises give automakers whiplash

DETROIT (Reuters) – With U.S. gasoline prices poised to revisit the $4-plus per gallon peak hit in 2008 just before the recession, sales of new smaller cars introduced since then would seem assured.

But as analysts and executives said at the Detroit auto show this week, the only sure thing is that today’s forecasts are wrong — it is anyone’s guess by how much.

Jan 12, 2011

U.S. car czar: industry faces massive change by 2023

DETROIT (Reuters) – The American auto industry will change more in the next dozen years than it has during the past 50, said the U.S. Treasury official charged with overseeing the government’s investment in the auto industry.

In 12 years, vehicles will be more fuel efficient and be far more computerized, Ron Bloom said on Tuesday in prepared remarks to the Automotive News World Congress.

Dec 16, 2010

Special Report: Is America the sick man of the globe?

SAGINAW, Michigan (Reuters) – Not long ago, if you wanted steak for lunch at the Texan Restaurant, less than two minutes drive from the Nexteer Automotive assembly plant, you had to be in the door by 11 o’clock in the morning. If you arrived any later, you joined a long line with other laggards and waited for a table to open up.

With noon fast approaching on a recent day, however, only a handful of customers sat in one of the restaurant’s two sections and the other was closed.

Nov 17, 2010

Grim future for weak U.S. auto parts suppliers

DETROIT (Reuters) – As U.S. auto sales plunged to their lowest level in 27 years in 2009, suppliers racked up debt and cut costs to weather the storm.

But the bad news for many of the 5,000 or so U.S. auto parts suppliers is that worse is yet to come.

Nov 11, 2010

Analysis: After years of housing mess, no end in sight

CHICAGO (Reuters) – America’s housing mess came to the western part of Humboldt Park long before it hit wealthier neighborhoods, but like much of the country the crisis is apparently going nowhere.

“Everything is on hold here,” said John Groene, director of the neighborhood’s branch of nonprofit lender Neighborhood Housing Services of Chicago (NHS), on a tour of this predominantly black and Hispanic area. “And there’s no end in sight.”

Nov 11, 2010

After years of US housing mess, no end in sight

CHICAGO, Nov 11 (Reuters) – America’s housing mess came to
the western part of Humboldt Park long before it hit wealthier
neighborhoods, but like much of the country the crisis is
apparently going nowhere.

“Everything is on hold here,” said John Groene, director of
the neighborhood’s branch of nonprofit lender Neighborhood
Housing Services of Chicago (NHS), on a tour of this
predominantly black and Hispanic area. “And there’s no end in
sight.”

    • About Nick

      "Nick Carey is a Chicago-based, British-born journalist who has covered everything from the near-collapse of the Big Three automakers to the U.S. housing crisis. Nick is currently on general assignment, reporting on the human impact of the recession. He previously spent ten years working in central and eastern Europe."
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