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    Bob Dylan and Chrysler Illustrate Benefits of Globalization During Super Bowl

    In Chrysler’s Super Bowl ad for the Chrysler 200, Bob Dylan says: “Let Germany brew your beer. Let Switzerland make your watch. Let Asia assemble your phone. We will build your car.” The ad didn’t mention that Chrysler is a wholly owned subsidiary of Italy’s Fiat. The United States is … More

    With Obamacare, What Happens in Massachusetts Won’t Stay in Massachusetts

    PriceWaterhouseCoopers recently released a study of Massachusetts’s experience with health care reform, claiming that under Obamacare most employers will not reduce or eliminate the health coverage they currently offer. However, there are at least three aspects the study did not directly address, all of which suggest that employers will, in fact, … More

    The 5 Most Misleading Statements from the Second Presidential Debate

    President Barack Obama and former Massachusetts Governor Mitt Romney sparred last night in the second of three presidential debates. Today’s Morning Bell features reaction from numerous Heritage experts. In addition, we’ve compiled a list of the five most factually-challenged statements made during the debate. Obama falsely claims he called Benghazi attacks “acts … More

    Morning Bell: 10 Questions for the Vice Presidential Debate

    Tonight’s debate between Vice President Joe Biden and Representative Paul Ryan is supposed to cover both domestic and foreign policy. The Heritage Foundation’s policy experts have submitted 10 questions they would like to see asked in the debate. Watch with us tonight—we will be streaming the debate live at 9 … More

    Based on Market Demands, Toyota Says No to New Electric Car

    The market demand for all-electric cars envisioned by Toyota Motor Corporation has not materialized according to the company, forcing it to shed a projected battery-powered minicar line. The company is taking a different tack than its counterparts at General Motors or Nissan, planning to offer only 100 eQ all-electric vehicles … More

    The Chevy Volt's Staggering Losses

    As Mark Twain might have put it, the reports that General Motors is alive are somewhat exaggerated. “Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts … More

    GM Shuts Down Chevy Volt Production

    General Motors is halting production of the poorly selling Chevy Volt to accommodate a redesigned Chevy Impala. The impending four-week shutdown of the electric car represents yet another setback following news of disappointing sales for the second year in a row: General Motors Co. (GM), the largest U.S. automaker, is … More

    China Likes American Stuff, and That's Good

    China’s State Administration for Foreign Exchange is buying $1.5 billion worth of pension assets from General Motors. The assets are positions in funds held by the Carlyle Group, Blackstone, and CVC Capital. This is the latest in a surge of Chinese investment in the U.S., investment that benefits all the … More

    Morning Bell: Auto Bailout Was Really Just a UAW Bailout

    President Obama told the United Auto Workers (UAW) in February not to listen to critics of the auto bailout who said union members “made out like bandits—that saving the auto industry was just about paying back the unions.” “Really?” Obama said. “I mean, even by the standards of this town … More

    Bailed-out General Motors to Receive Another Wasteful Handout

    The Department of Energy is awarding $54 million for energy projects that should help manufacturing companies be more energy efficient. If your immediate response is, “If these technologies are going to lower a business’s costs, why aren’t they investing their own money?” then you’re asking the right question. Bailed-out General … More