- Forbes rates the 10 worst cars of 2010, and you'll never guess what's all over the list. (Oh wait, yes you will.). "The real secret, McElroy adds, is that almost every hybrid on the market today is a flop: 'I guarantee you every single automaker is losing money on every single hybrid they build, with the exception of the Prius.' Hybrids are losing money because consumers just aren't buying them. In the 12 years since hybrid vehicles have been on the American market, and with seven mainline brands selling more than 20 hybrid options--everything from the Lexus HS250h sedan to the Cadillac Escalade Hybrid SUV--hybrids still make up just over 2% of the market. And half of that belongs to the Prius." The SmartCar is also in the top 10. And once again, we shockingly find that there's money in making cars that people, you know, actually want. Will Washington ever learn?
- Defunct, WTO-illegal law is still paying out millions to its chosen benefactors. (Zombie protectionism continues to roam the earth.)
- AEI's Phil Levy tells us everything we wanted to know about the KORUS but were afraid to ask. A great rundown of most of the big issues surrounding the FTA (and I'm not just saying that because I was cited).
- In India, higher inflation and input costs spell trouble for domestic manufacturers. Is this what American firms (many of whom rely on imported inputs) have to look forward to in the wake of QE2? Awesome!
- US farm exports set to break records in 2011, and the WSJ wonders if we're witnessing the next asset bubble in the booming US farmland market. These are two very important things to consider as our politicians debate whether to extend our massive, trade-distorting agriculture subsidies in the next Farm Bill.
That's all for tonight, folks.