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☆ Fender benders mean serious high-tech repairs now
▼ + stars: | 2024-05-07 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

Virtually every new vehicle sold in the last few years has sensors and cameras, including radar and sonar, throughout the body of the vehicle. These have made the repair process more complex because, unlike a smashed fender, a sensor or camera can’t just be bolted or welded back on. Some of these systems can cut crash rates in half, said Greg Brannon, director of automotive engineering at AAA. In a crash, these sensors and cameras can be damaged or just knocked out of alignment. Claim adjustors, who often come from the collision repair industry themselves, need to understand all the nuances involved in repairing these automated systems and sensors.

Persons: It’s, ”, Todd Dillender, Greg Brannon, “ They’re, Brannon, “, Hami Ebrahimi, ” Ebrahimi, Ebrahimi, That’s, Dillender, adjuster, Mike Bunda, We’ve Organizations: CNN, Auto, AAA, Systems Locations: United States, Chicago, Seattle, New York

☆ Rich countries are stumbling into a debt trap
▼ + stars: | 2023-11-03 | by ( Felix Martin | ) www.reuters.com time to read: +7 min

Unlike many corporations and households, the U.S. government did not lock in the low interest rates of the last decade by issuing long-dated debt, preferring instead to skew funding towards bills and short-term bonds. The second route out of the debt trap is to target the primary fiscal surplus, choosing a combination of spending cuts and tax hikes that will stabilise the public debt. That leaves the third route to debt sustainability – keeping real interest rates low. But in the short run, it allows a government to tame the debt ratio without fiscal austerity, and even if growth is sluggish. Governments are indeed stuck in a classic debt trap.

Persons: Joe Biden, Fumio Kishida, Volodymyr Zelenskiy, Kacper, Everett Dirksen, you’re, Dirksen’s, Stanley Druckenmiller, Joe Biden’s, Peter Thal Larsen, Thomas Shum Organizations: Japan's, NATO, REUTERS, Reuters, Congressional, Office, International Monetary Fund, U.S, Treasury, Reuters Graphics Reuters Graphics, Medicaid, Federal, Bank of Japan, Thomson Locations: Ukraine, Vilnius, Lithuania, Illinois, U.S, Britain

☆ Japan’s rates tweak is careful and crafty: podcast
▼ + stars: | 2023-11-02 | by ( Aimee Donnellan | ) www.reuters.com time to read: 1 min

Breakingviews category · November 3, 2023 · 6:06 AM UTC“A billion here, a billion there”, Illinois Senator Everett Dirksen reputedly said of the U.S. budget deficit in the mid-1960s, “and pretty soon, you’re talking big money". The senator would need to do some swift recalibrations were he confronted with today’s American public finances. Last month, the Congressional Budget Office (CBO) reported that the federal budget deficit for the fiscal year ending September 30 had hit $1.7 trillion. Shortly afterwards, the International Monetary Fund forecast that the deficit will continue at the same level for at least the next five years. Meanwhile, government debt has tripled since the senator’s day to around 120% of GDP.

Persons: Everett Dirksen, you’re Organizations: Congressional, Office, International Monetary Fund Locations: Illinois

☆ Ukraine’s counteroffensive has been brutal and slow. But Kyiv has many cards left to play
▼ + stars: | 2023-06-21 | by ( Nick Paton Walsh | ) edition.cnn.com time to read: +8 min

And this is likely why we are seeing a slow – and at times incremental – start to this first phase of open operations. It has also been grueling, with Ukrainian losses reported around Mala Tokmachka, and now intense fighting near Pyatykhatky. Some estimates suggest only a quarter of Ukraine’s fresh units, bolstered by NATO training and supplies, are now in the fight. Ukrainian forces firing an S60 anti-aircraft canon placed on a truck on Juune 19, 2023. Kyiv needs to cement a change in the frontlines to validate the huge investment in its forces made by NATO.

Persons: –, Wojciech Grzedzinski, Rykove, recalibrations, Vladimir Putin, Velyka, Blahodatne, Brigade perilously, Igor Strelkov, Melitopol –, Kreminna, Ukraine’s, General Valerii Zaluzhnyi, Zalyuzhnyi, gridlock Organizations: CNN, 73rd Naval Special Operations Center, NATO, Anadolu Agency, Getty, Moscow, Kyiv, Brigade, Donetsk People’s Republic Locations: Ukrainian, Ukraine, Rykove, Kherson, Bakhmut, Crimea, Russia, Kyiv, Moscow, Volnovakha, Mariupol, Zaporizhzhia, Orikhiv, Mala Tokmachka, Pyatykhatky, Donetsk, Zherebyanki, Kamyanske, Dnipro, Melitopol, Azov, Kupyansk, Kharkiv, Russian

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