6 Most Important Things in Business Today
October 6, 2017 by Douglas A. McIntyreThe U.S. stock market broke a 20-year record with six consecutive closing high days in a row.
Tropical storm Nate may hit the Gulf Coast of the United States, which already has been battered by storms.
International Monetary Fund Managing Director Christine Lagarde, speaking at Harvard, said the global recovery has reached most of the world:
Well, we would see that the long-awaited global recovery is taking root. In July, the IMF projected 3.5 percent global growth for 2017 and 3.6 percent for 2018. Next week we will release an updated forecast ahead of our Annual Meetings — and it will likely be even more optimistic.
Measured by GDP, nearly 75 percent of the world is experiencing an upswing; the broadest-based acceleration since the start of the decade. This means more jobs and improving standards of living in many places all over the world.
A research organization reported that people who are drunk should be able to drive self-driving cars. According to CNBC:
People under the influence of drugs and alcohol should be able to use driverless cars without falling foul of the law, a regulatory body in Australia has suggested.
The National Transport Commission (NTC), an independent advisory body, said current laws could reduce the uptake of automated vehicles. One of those potential barriers could be any law that requires occupants of self-driving cars to comply with drink-driving laws.
“This would create a barrier to using a vehicle to safely drive home after drinking. Enabling people to use an automated vehicle to drive them home despite having consumed alcohol has the potential to improve road safety outcomes by reducing the incidence of drink-driving,” the NTC said in a discussion paper released earlier this week.
Whirlpool Corp. (NYSE: WHR) got help from the U.S. government in an effort to fight a flow of imported appliances from Samsung and LG. CNNMoney reports:
Michigan-based Whirlpool has scored a trade victory that could allow President Trump to limit the number of washing machines sold in the U.S. by Samsung and LG.
The U.S. International Trade Commission (ITC) voted 4-0 in Whirlpool’s favor on Thursday, ruling that a “surge” of washing machines from Samsung and LG have “seriously injured” domestic manufacturers.
“The ITC vote is an important win for American manufacturers and American workers,” Whirlpool chairman Jeff Fettig said in a statement.
Elon Musk, the founder of Tesla Inc. (NASDAQ: TSLA), said his company could help run the electrical grid of Puerto Rico. According to Fortune:
Elon Musk may be about to add humanitarian relief worker to his already-impressive resume.
Musk tweeted Thursday that Tesla could help provide a long-term solution to rebuilding Puerto Rico’s electrical grid, which was devastated when Hurricane Maria struck Puerto Rico on Sept. 20, causing widespread damage and island-wide blackouts. Two weeks after the storm hit, only 9.2% of Puerto Ricans have seen service resume, according to Puerto Rican authorities.
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