‘Appetite for America’
On that spring night in 1882, the drunken cowboys riding through northern New Mexico could have been forgiven for squinting in disbelief at the sight of the Montezuma Hotel. It did appear to be a hallucination. [Read the full article]
(Fortune) — If there was ever an automaker to which the expression back in the day belongs, it would be Volvo. Back in the day, Volvo was a bulwark of suburbia, the choice of right-thinking parents concerned about the safety of their children and not unwilling to flaunt their priorities. On college campuses, impoverished graduate students motored around campus in decrepit 240 sedans with hundreds of thousands of miles on the odometers, taking pride in their parsimony. But Volvo began to lose its distinctive identity after Ford (F, Fortune 500) bought it in 1999. And since Alan Mulally took over as Ford CEO some three years ago and vowed to simplify the company, Volvo has been an endangered company. For the past several months, Volvo has been left dangling — an unnerving situation for employees, dealers, and potential customers. [Read the full article]
Carlton Fields attorneys Francis M. McDonald Jr., an Orlando shareholder, and Tallahassee associate Christine Davis Graves helped Ford Motor Co. win a complete verdict by a Florida state court jury in the case of a woman who died as a result of injuries she suffered in a single car accident in 2002. Her estate claimed the injuries were the result of an inadequately designed seat back in a 1992 Mercury Grand Marquis. Plaintiff Samantha Weir claimed that her 75-year-old grandmother, Jewell Gunter Johnson, lost control of her Grand Marquis during bad weather, went off the highway and slid backward into a ditch where she struck an embankment. Johnson died on the way to the hospital, where it was determined she had sustained a broken neck in addition to other injuries. Wier claimed Johnson’s injuries were caused by a seat that was not strong enough to withstand the crash forces, and failed to remain upright during the accident. [Read the full article]
The numbers may not tell the story yet. But there are signs that the job outlook, gloomy for so long, is about to improve.
The U.S. is already adding jobs, many economists say. They expect to see gains in the Labor Department’s payroll report out April 2.
“I believe we will see job growth when the numbers for March come out,” said Lynn Reaser, president of the National Association for Business Economics.
Michelle Meyer, senior U.S. economist at Barclays Capital, expects a gain of 250,000 jobs. Half of these will be temporary census jobs. Some will simply reflect a bounce-back from a foul-weather February. Even after all that is peeled away, Meyer sees a solid core of gains. “There’s an underlying trend improvement of 50,000 jobs,” she estimated.
“Before summer, the recovery should lose its jobless label. By the end of the year, the recovery will feel like a recovery not just to economists but on Main Street too,” she said. [Read the full article]