Peter Morici
Peter Morici
Peter George Morici, Jr. is an American economist and Professor of International Business at the R.H. Smith School of Business at the University of Maryland, College Park. He is a graduate of SUNY Albany in New York State where he received his Ph.D in Economics in 1974. He is a nationally syndicated columnist, with his articles appearing in many publications such as The Washington Times, The Hill, Townhall.com, Newsmax, and several regional newspapers throughout the United States. Morici often appears...
apparent becoming capable interested job wind
As the negotiations wind down, it is becoming apparent that the E.U. isn't interested or, at least politically, not capable of getting the job done,
likely months situation worse
This situation is likely to become worse in the months ahead.
benefit bit costs excessive factory labor less lower north pays
Even in North America, (Toyota's) factory labor costs are lower because it pays a bit less for labor and is not encumbered by excessive benefit costs.
capacity currently gm
As things currently stand, GM has too many brands, workers, managers, capacity and bureaucracy.
point stop
At some point the telecommunications (sector) has to stop shrinking.
consumers expect imported movement percent prices
I don't expect consumers here will really see a 10 percent movement on the prices of imported goods, ... But for exporters, that 10 percent is very real.
arrest fix none problems
None of this will fix GM's systemic problems or arrest its long-term decline.
bond mortgage question rate rates
Mortgage rates are going to go up, the long bond rate is going to go up. The only question is what is the precipitating event.
clear costs design ford japanese labor lacking lacks line offer plan quality statement vehicles
The plan lacks a clear statement of how Ford is going to get its labor and design costs in line with its Japanese competitors. Lacking that, Ford will not be able to offer vehicles that are competitive in price, quality and content.
balance continue expect market share sheets shrink worst
I think the worst is yet to come. I expect their market share to continue to shrink and their balance sheets to become more troubled.
address announced costs high plant underlying
GM's announced plant closings do little to address the underlying problems. It will be smaller, but its per-unit costs will still be too high to compete.
persists starting zone
We're starting to get into the zone where if this persists its problematic,
deficits economic ford growth income jobs mediocre outlook personal poorly production record remains trade
The outlook remains poor. Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.
deficits economic ford growth income jobs mediocre outlook personal poorly production record remains trade
The outlook remains poor, ... Production cutbacks at Ford and GM, mediocre personal income growth and record trade deficits all bode poorly for economic growth and jobs creation.