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...“Furthermore, there are all kinds of safeguards built into the system to prevent abuses of legal action, including reviews by judges of the merits of the action before it is launched.”...
...The same would apply to the American electorate if it voted Trump back into office....
...“All the consumers that have been affected deserve the same chance to be compensated and redressed whether they were affected in 2007, 2009 or 2013,” Evans said....
...Americans have gorged on billions of dollars of credit card debt over the past three years....
...And when Brussels introduced the Global Data Protection Reporting rules in 2016, it prompted American tech giants to overhaul practices in the US....
...Perhaps there is a master game theorist in the White House who can balance all these competing imperatives....
...The world’s biggest tech show is also a major auto expo, with South Korea’s Kia and Hyundai, Honda of Japan and Mercedes-Benz of Germany all taking part along with numerous suppliers....
...In 2015, the US Consumer Financial Protection Bureau ordered two such companies, Westlake Services and Wilshire Consumer Credit, to pay nearly $50mn in combined restitution and fines....
...But what you have here with us is that we’re all Americans. We love our country. We love our democracy; we love our freedom....
...Last month, Donald Trump told auto workers they should vote for him as he seeks re-election as president next year, warning: “They want to go all electric and put you all out of business.”...
...Instead, Hohenshell sees a different motive: Toyota wants to halt the march of the United Auto Workers. “It’s a bribe,” he said....
...the Chinese auto groups....
...So, the resilience of the American consumer will now be increasingly tested. Indeed, credit card and auto loan transitions into delinquency are still rising above pre-pandemic levels....
...While it has a credit card loan book of $137bn, it also has issued a significant volume of auto and commercial loans....
...Americans held more than $1.1tn on their credit cards at the end of 2023, an all-time high....
...One good read American big-box store sells lots and lots of small bits of metal....
...A good portion of that could come from all of us collectively, through our utilities bills....
...It has never struck against all three in its 88-year history....
...The US auto industry employs nearly 1mn workers to manufacture vehicles and parts. Though considered the quintessential “good job” in the American imagination, auto jobs did not start that way....
...“It’s time for a win-win agreement that keeps American auto manufacturing thriving with well-paid UAW jobs,” the president said in a post on X, formerly Twitter....
...New deal prosperity Car manufacturing holds a particular place in the American imagination....
...“Let’s say you have somebody with bad credit, so they either have to pay 18 per cent interest or not get a car at all. Are we better off just not giving them a car?”...
...And yet, remarkably, amid all the guff, Trump appears to have been an unwitting ambassador for science....
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