Chrysler plans production cut

Chrysler plans to cut fourth-quarter production as it tries to check a growing inventory of trucks and sport utility vehicles. The automaker will mainly cut production of the Dodge Durango SUV, as high gas prices hurt sales in that segment. Chrysler will ramp up production of smaller, more fuel-efficient vehicles, such as the Dodge Caliber crossover.

Chrysler reported a 35% decline in July U.S. sales. The automaker in July said it would cut third-quarter production by 65,000 to 75,000 units, or 10% of its quarterly output.

Should we build more nuclear power plants? Yes

peakoil.com -> thedesertsun.com :

Slowly, the forces of public policy are waking up to the reality that if the United States wants abundant electricity, it has to rediscover nuclear as a low-impact form of electric generation. The crushing demands of the U.S. economy point to the need for a reliable electric base that will extend 50 years into the future. Even the environmental community is beginning to realize that if you want a lot of electricity from known sources, nuclear stands out as domestic and reliable, and adds nothing to global warming.

With abundant electricity, the human prospect improves. Without it, only the rich could hope for lives of comfort. Aside from clean water, it has no peer in the realm of human well-being. Most railroads still await electrification. There is a glimmer of its possibility for automobiles, and cities need to rediscover trolleys and trams. Now we talk a lot about nanotechnology. But if we are already using the components of matter - atoms - we should also have the moral courage to split them for electric power.

Singapore 1H2006 consumer prices for general households up 1.3%

business-times.asia1.com.sg :

Singapore consumer prices for general households rose by 1.3% in the first half of 2006, compared with the same period of 2005. For households in the lowest 20% and middle 60% income groups, the increase in the Consumer Price Index (CPI) was 2.2% and 1.4% respectively, the Department of Statistics said in a statement.

Main items responsible for the 2.2% CPI increase for the lowest 20% income group were electricity tariffs and food. The highest 20% income group experienced 0.7% inflation, due to lower car prices and reduced government levy on foreign maids.

Click here for the latest CPI data on households in Singapore.

(2006-08-28 23:21:48 SGT) [Biz] Permalink

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