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Ford plans 50 percent production jump by 2015

DETROIT — Ford Motor Co. said Tuesday it would kick up production by 50 percent by 2015, while quickly reducing debt to regain a quality credit rating within the next year. Chief financial officer Lewis Booth said he expected the still-recovering industry to produce 95-100 million vehicles by around 2015,…

Fed sees firmer US recovery

WASHINGTON — The US economic recovery is now on a firmer footing, with consumers and businesses spending more despite still-high unemployment, according to Federal Reserve’s top policy panel. Minutes of the Fed’s January meeting, published Wednesday, pointed to the bank’s more optimistic view of the US recovery, despite persistent high…

If spending cuts kill jobs, ‘so be it’: Boehner

WASHINGTON – House Speaker John Boehner (R-OH) on Tuesday showed little concern for the federal job losses that could result from the GOP’s proposed spending cuts. “In the last two years, under President Obama, the federal government has added 200,000 new federal jobs. If some of those jobs are lost…

Economic indicators: Generic foods

Via Stephen at Cogitamus, it appears that the economic downturn has been good for one sector of the economy—generic brands on the grocery shelves. (Also, Spam sales are up and Bon Appetit named peanut butter the dessert of the year.) The shift to generic strikes me as a big one.…

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