How often do you see a company calling for a government industrial policy - not a five-year plan, but a 12-year plan - that will cause the price of your products to increase, anger 98.6% of your customers, subsidize your competitors, and cause your profits to plummet? That sounds like an almost impossibly bad dream. As it turns out, I had to pinch myself when I woke up Friday morning to the realization that this was, in fact, not an impossibly bad dream. It was the management of General Motors (GM) who suddenly has the brilliant idea of begging the U.S. government to cause its profits to plummet: General Motors Calls for National Zero Emissions Vehicle (NZEV) Program. In other words, General Motors is calling for a U.S. national implementation of a variant of the California-led Zero Emissions Vehicle (ZEV) program.
CNBC: "Extreme weather such as hurricanes, flooding, freezing temperatures and wildfires has prompted some to rethink where they will spend their golden years...Another client in Austin suffered from the region’s deep freeze and power outages in February. When pipes froze and their condo flooded, they started to question their long-term plans, McGlothlin said.With the possibility of another cold snap, more home damage or future displacement, they are reconsidering where they are living."