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By DEE-ANN DURBIN, AP
In Philadelphia, they've got the blues. In Cincinnati, they've got - well - the reds.
Cincinnati is the top market for red cars in the U.S., while Philly buyers prefer blue, according to sales data released Tuesday by Ford Motor Co.
Sometimes, color preferences are logical. Buyers in hot cities, like Phoenix and Dallas, like white cars, while buyers in colder cities, like Minneapolis, Pittsburgh, Detroit, are partial to red, according to Ford's internal data. No-nonsense New Yorkers like black and gray.
Sometimes, the preferences are a puzzle. Boston is the top market for both brown and green cars, for example, while San Franciscans like silver. In Florida, they like gold.
Silver remained the most popular color in the U.S. this year for the ninth year in a row, according to data released this month by Pittsburgh-based paint maker PPG Industries Inc. Twenty percent of U.S. cars are silver. White finished second and black was third.
Ford also found that Boston was the top market for its four-cylinder engines, while Houston, the top market for pickup trucks, gets its vroom from V8s. San Francisco, Seattle and Los Angeles are the top markets for hybrids.
It may seem trivial, but the information is critical to the company and its dealers. Ford said it analyzes the data carefully to figure out which vehicle configurations will be the top sellers in any region.
Ford said the correct vehicle mix results in better sales for dealers and better customer service, since customers can find the vehicles they want more quickly.
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"The American people will never knowingly adopt socialism. But, under the name of "liberalism," they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened."?
He went on to say: "I no longer need to run as a Presidential Candidate for the Socialist Party. The Democrat Party has adopted our platform." Norman Mattoon Thomas (November 20, 1884 - Decemb... He went on to say: "I no longer need to run as a Presidential Candidate for the Socialist Party. The Democrat Party has adopted our platform."
Norman Mattoon Thomas
(November 20, 1884 - December 19, 1968)
Was a leading American socialist, pacifist, and six-time presidential candidate for the Socialist Party of America.
Biography of N.M.Thomas;
http://en.wikipedia.org/wiki/Norman_Mattoon_Thomas
(more)
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Welcome autumn this weekend at Lincoln Memorial Garden's Indian Summer Festival. The ambience starts as you tuck your car between two trees in the woods. Then stroll out of the forest into the clearing where musicians, food, craft vendors and activities galore immerse you in the sights, sounds and smells of harvest time. The kids can make Abe and Mary clothespin dolls, Lincoln log cabins, plant acorns and visit Mr. Lincoln the hammer maker and so much more. Entertainment starts at 11 a.m. each day.
Indian Summer Festival
Saturday and Sunday, Oct. 10-11
10am-4pm
Lincoln Memorial Garden
2301 East Lake Shore Dr.
529-1111
$3, $10 family
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Mortgage rates for 30-year fixed U.S. home loans fell for the second consecutive week, pushing borrowing costs to near record lows.
The average U.S. 30-year rate dropped to 4.87 percent from 4.94 percent last week. The 15-year rate was 4.33 percent, mortgage buyer Freddie Mac of McLean, Virginia, said today in a statement.
Falling rates helped boost home-loan applications last week to the highest level since May. The Mortgage Bankers Association's index of applications to purchase a home or refinance rose 16 percent. Rates around 5 percent, slumping home prices and a government tax credit for first-time homebuyers are bolstering demand for housing.
"We're not expecting the housing market to come roaring back to anything close to what it was during the boom," said Scott Brown, chief economist at Raymond James & Associates Inc. in St. Petersburg, Florida. "It's going to be a long, gradual recovery."
The Federal Reserve set out last year to encourage lower mortgage rates by pledging to buy bonds backed by home loans. It increased the size of the program to $1.25 trillion in March.
The purchases from Fannie Mae, Freddie Mac and Ginnie Mae brought down yields on mortgage-backed securities and allowed lenders to reduce rates on new loans while still selling the securities backed by them at a profit. The plan helped drive home loan rates to a record low of 4.78 percent twice in April.
Applications Rise
Mortgage applications to buy a home climbed 13 percent in the week ended Oct. 2 and the refinancing gauge surged 18 percent.
Recent data indicate the housing industry is emerging from its worst recession since the 1930s. The index of signed purchase agreements, or pending home sales, jumped 6.4 percent in August, a seventh consecutive gain, the National Association of Realtors said on Oct. 1.
To contact the reporter on this story: Brian Louis in Chicago at blouis1@bloomberg.net.
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In Through the Looking Glass, Humpty Dumpty declared, "When I use a word, it means what I choose it to mean, neither more nor less."
Mr. Dumpty would have loved living in our era of corporate-speak, when even a plain word of obvious meaning can be dumped down the semantical rabbit hole to be swirled and twirled by marketing meisters.
Then - sproing! - out it pops, looking like the same word, but now burdened with a convoluted connotation that is the very opposite of what the word appears to mean.
This corporatization of language is presently being applied to the common term, "local" - as in: right here, in the immediate vicinity, this neck of the woods, hereabouts.
In the past few years, "local" has become an important commercial term, as small businesses have proudly attached it to their products, services and presence in the marketplace. The term differentiates them from the gigantism, plasticity, aloofness and frequent abusiveness of faraway, big-box, chain operations. The message conveyed by these local enterprises is that "we are your neighbors, you know us and we know you, we share a community bond beyond just taking your money."
"Local" is a growing movement in American commerce. Some 30,000 small businesses have organized themselves into "local business alliances" in more than 130 cities. The movement is phenomenally popular with consumers, who like the personality and uniqueness of homegrown enterprises and prefer to buy from people who keep consumer dollars moving through the local economy.
As a result of the movement's financial success, many more businesses are joining the local push. For example, such down-home outfits as Barnes & Noble, CVS, Frito Lay, HSBC, Starbucks, Unilever and Wal-Mart are trying to get in on the action.
Believe it or not, these giants are using TV ads and other promotional outlets to hawk their centralized, standardized and globalized brands as "local." Here are two of the twists they've made in the straightforward definition of the term:
- Barnes & Noble, the biggest bookseller in the world, is trying to scale its image down to mom-and-pop level by proclaiming that "all book-selling is local."
- Starbucks, the ubiquitous 16,000-store caffeine purveyor, has been losing market share to cool, local shops that are the opposite of cookie-cutter chain stores, so the giant is opening a series of pretend-funky shops designed by corporate headquarters to present a "local vibe" - a consumer hoax that includes no display at all of the Starbucks name and logo.
These examples are closer to loco than they are to local!
Stacy Mitchell of the Institute for Local Self-Reliance recently reported on a "buy local" campaign in Fresno, Calif., in which county authorities sold out the true locals (as well as the English language) by proclaiming, "Just so you know, buying local means any store in your community: mom-and-pop stores, national chains, big-box stores - you name it."
As rationalized by Michelle Barry, an executive of the Hartman Group: "There is a belief that you can only be local if you are a small and authentic brand. This isn't necessarily true; big brands can use the notion of local to their advantage as well. ... It's a different way of thinking about local that is not quite as literal."
Wow, Humpty Dumpty would be proud of her! By that definition, "Made in China" could be local.
Jim Hightower is a national radio commentator, columnist and author.
To connect with the "literal" world of local business, contact the Capital Area Independent Business Alliance, a coalition of central Illinois independent businesses at www.ibuyspi.com or via email info@ibuyspi.com. Nationally contact the Institute for Local Self-Reliance: www.ilsr.org or the American Independent Business Alliance at www.amiba.net.
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