Hertz CEO Out As Firm Seeks Traction After
Big EV Bet Goes Bust
Posted By: DVC, 3/17/2024 7:34:06 PM
CEO Stephen Scherr's barely two-year ride with Hertz came to a screeching halt on Friday. In his wake, he leaves a company still working to recover from a big bet on electric vehicles gone bad. It will do so under new CEO Gil West, whose previous posts include executive roles at Delta Air Lines and the Cruise unit of General Motors. Scherr, who came on board in February 2022 after 30 years at Goldman Sachs, ushered the company through its emergence from bankruptcy. Hertz's EV push began in the previous year, with a splashy move to order 100,000 Tesla Model 3 vehicles.
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Tyson Foods is facing boycott calls following a report that the company planned to hire migrants to work at its factories.
Conservatives reacted with outrage to a now-retracted Scripps News article claiming that the company was hiring some of the asylum seekers who arrived in New York City. However, a spokesperson for Tyson Foods told Newsweek the figures presented in that retracted article were inaccurate.
Tyson Foods responded to boycott calls in a statement.
"In recent days, there has been a lot of misinformation in the media about our company,
President Biden’s and former President Trump’s recent visits to the Texas border left no doubt that the Biden administration’s open border policy has led to an invasion crisis. An estimated 7.2 million illegals have entered the U.S. under his presidency, an amount equal to the population of 36 states. While Biden continues to call for “border security,” Congress has gotten nowhere in the failed attempt to pass a law that would resume the Trump administration’s efforts to build a wall. Similarly, the Biden administration’s repeated promises to secure the border ring hollow despite being touted in the mainstream media echo chamber.
CEO Stephen Scherr's barely two-year ride with Hertz came to a screeching halt on Friday. In his wake, he leaves a company still working to recover from a big bet on electric vehicles gone bad. It will do so under new CEO Gil West, whose previous posts include executive roles at Delta Air Lines and the Cruise unit of General Motors.
Scherr, who came on board in February 2022 after 30 years at Goldman Sachs, ushered the company through its emergence from bankruptcy. Hertz's EV push began in the previous year, with a splashy move to order 100,000 Tesla Model 3 vehicles.
More Hidden Risks of EVs
8 replies
An EV will likely not exceed five digits on the odometer because the cost to replace the battery in the typical 10-year span of a battery life will exceed the vehicle’s resale value, therefore making it economically impractical.
Other authors have all cited valid facts about the impracticality of charging these things on long trips, the stress they will add to a fragile electric grid, the lack of enthusiasm in this country for adding additional reliable energy power plants, etc. None of this has made me want to rush right out and buy an EV, but just for the sake of developing a more complete picture,
In perhaps the most scathing condemnation yet of the young “activists” known for their pseudo-concerns for the environment, a new poll revealed that around half of them are unwilling to put their money, even a measly ten bucks (or less), where their mouth is.
Here are the details, from an exclusive report at Daily Mail:
Nearly half of all young voters are not willing to pay more than $10 a month to fight climate change, despite Joe Biden claiming it’s an ‘existential threat’ and making it the center of his re-election campaign.
Klamath Dams Down: Will Ranches Survive?
12 replies
The largest, most devastating dam removal experiment in modern history has reached the point of no return. As of January 23, 2024—despite opposition by a majority of local residents—the four hydroelectric dams on the Klamath River have been officially breached.
Ironically, dam removal proponents claimed the project would help salmon, but now the Klamath River is being polluted with millions of cubic yards of decomposed algae, organic deposition, chemicals, and fine silt that has built up behind the dams. Dead steelhead trout and other species are floating to the banks. Any salmon spawning beds in the Klamath River were undoubtedly destroyed.
Driver pulled from truck dangling from
Louisville bridge over Ohio River in dramatic scene 4 replies
Louisville bridge over Ohio River in dramatic scene 4 replies
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Driver pulled from truck dangling from Louisville bridge over Ohio River in dramatic scene
By Social Links for Alyssa Guzman
Published March 1, 2024, 1:27 p.m. ET
Heartstopping video shows the moment a semi-truck driver was rescued after her big rig crashed through a bridge guardrail in Kentucky — leaving it dangling precariously over the Ohio River.
The unidentified driver was crossing the Clark Memorial Bridge northbound around noontime Friday when the Sysco truck shifted lanes and went through the barrier.
On February 16, 2024, a judge in New York State imposed fines totaling just over $360 million on former president Donald J. Trump, The Trump Organization, and several related Trump companies and trusts in the civil case brought by the New York attorney general. President Trump’s sons Donald Trump, Jr. and Eric Trump were fined just over $4 million each.
[snip] However, little or no reporting focused on the constitutionality of the fines under the Eighth Amendment to the United States Constitution. President Trump and his co-defendants all have substantial 8th Amendment “excessive fine” challenges to raise.
Greenies’ delusions of intelligence and enlightenment have some very serious real-world consequences, and the environmental fallout of a California dam removal project is a prime example. Here’s the story, shared by Katy Grimes at the California Globe today:
Klamath Dam Removal: ‘It’s an Environmental Disaster’
The removal of dams along the Klamath River in Siskiyou County, Northern California was sold as necessary to save salmon – specifically, ‘to restore habitat for endangered fish.’
As Grimes reports, the official plans to demolish the dams were submitted in 2018, but ran into a series of roadblocks over the years; fast-forward to the beginning of last month.
For almost a century, there has been one constant in American politics: Jews vote for Democrats. There are multiple reasons for this fact but, regardless of the reason, the one thing Democrats could rely on was the Jewish vote. However, the Biden administration’s increasingly open hostility to Israel may be changing that pattern. One poll out of New York shows something remarkable: More than 50% of New York’s Jews plan to vote for Donald Trump!
When Eastern European Jews came to America, they were escaping tsarist oppression. For them, the opposite of tsarism was Marxism. This binary viewpoint wasn’t unique to them. In pre-WWII England
Andrei Morozov, a Russian soldier and military blogger, has died by suicide shortly after revealing the scale of Moscow's troop losses in the fight for Avdiivka in eastern Ukraine, multiple Russian Telegram channels have reported.
Morozov, who goes by the pseudonym "Murz" and ran a popular pro-war channel on Telegram, killed himself, according to a lawyer named Maxim Pashkov who said he spoke to Morozov on Tuesday night, independent Russian news outlet Meduza reported.
https://www.newsweek.com/andrei-morozov-murz-dies-suicide-avdiivka-losses-1871868
Remington flees to a free state
10 replies
The recent judgement for fraud against Donald Trump in a New York City Court, in a dollar amount higher than the GNP of some countries despite no one being defrauded, has revealed something many Americans didn’t know: New York State is driving out its most productive, tax-producing citizens and businesses. What happens to a state that, for leftist political reasons, purposely destroys its tax base? What happens to that self-defunding state when its federal Democrat/socialist/communist (D/s/c/) allies open the borders and send tens, even hundreds, of thousands of illegal immigrants to take advantage of the state’s self-imposed sanctuary? New York is finding out, and isn’t much liking it.
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The backstory is so transparently corrupt it requires an explanation, so we’ll go down the full rabbit hole and explain how China knew – to a demonstrable certainty – their multi-billion dollar investment in Mexican EV plants would be useful. First, who was installed in the Biden White House in charge of all personnel and staffing? Catherine Russell. {SEE HERE} Who is Catherine Russell? She’s the wife of Tom Donilon, a long-time aid and advisor to Joe Biden who served in the Obama White House.
After serving as Obama’s National Security Advisor (prior to Susan Rice),
EL PASO, Texas — A group of over 100 migrants attempting to enter the US illegally rushed a border wall Thursday, breaking through razor wire and knocking over guards in the process. The Post witnessed around 600 migrants amassed at the international border on the Mexican side, who the Texas National Guard were attempting to push back in small groups amid a ‘spring surge’ of migrants arriving to the southern border hoping to get asylum in the US. The situation grew tense as women and children were separated from adult males and video shows the migrants then crying out for help and rushing to the border gate
Republican Senate Minority Leader Mitch McConnell (KY) has reportedly told his colleagues to oppose the idea of term limits, which aligns with his past public statements.
A report from Axios said two sources indicated McConnell told Senate Republicans that “imposing term limits on the Senate leader is a bad idea during a Wednesday meeting about the direction of the conference”:
McConnell was one of several senators who spoke during an hour-and-a-half conference meeting, which was called by conservative Sen. Ron Johnson (R-Wisc.). McConnell spoke against imposing term limits for the top GOP position, calling it a bad idea,
A TikTok influencer is advising his followers on how to 'invade' American homes and invoke squatter's rights, making it difficult for them to be removed from properties.
Leonel Moreno, who goes by @leitooficial_25 online and appears to be a Venezuelan migrant, has told his followers that under US law, 'if a house is not inhabited, we can seize it'.
He is referring to squatter's rights, or adverse possession laws - a common law principle that allows an illegal inhabitant to acquire ownership of a property based on continuous occupation without the legal owner's consent.
Not content with slapping former President Donald Trump with almost half a billion dollars in fines for a “crime” in which there were no victims, New York Judge Arthur Engoron ruled Thursday that the court will effectively take over the Trump Organization.At least, that’s how it reads, seeing as Trump will have to disclose his every financial move to his government overlords. Engoron wrote:
Based on the Court's findings in its February 16th Order, the Court ordered the continued monitoring of Defendants' financial and accounting practices and disclosures, including and enhanced role for the Monitor, for a period of no less than three years, as well as
A White House valet who was with former president Donald Trump on the day Congress certified his 2020 election loss to Joe Biden told the House January 6 select committee that Mr Trump threatened then-vice president Mike Pence’s future political viability in a phone call just before Mr Pence was to preside over a joint session of Congress to count electoral college ballots.
According to a transcript of the interview of the unnamed White House valet, the valet overheard Mr Trump telling Mr Pence: “Mike, this is a political career killer if you do this” as the two men spoke by phone while Mr Trump was in the Oval Office.
The family of the teenage girl charged with violently assaulting Kaylee Gain says that she is the real victim who was 'harassed and bullied' before the viral incident – and are raising $150k for her legal defense, DailyMail.com can reveal. [SNIP] The girl's family says she 'deserves amnesty and a chance at forgiveness', adding that her 'fair trial hearing is being swayed'.
The girl has been charged with felony assault and is being held by St Louis Family Court, with a hearing expected in early April.
The US has issued a draft resolution to the United Nations Security Council calling for the immediate cease-fire between Israel and Hamas that would be connected to the release of hostages, Secretary of State Antony Blinken announced Wednesday evening.
“We’re pressing for an immediate ceasefire tied to the release of hostages. That would bring immediate relief to so many people who are suffering in Gaza – the children, the women, the men,” Blinken told Saudi media outlet Al Hadath.
American cities across the country are experiencing a massive uptick in homelessness, but perhaps none more than Los Angeles, California.
Skid Row used to be confined to a one block area but now tents and other makeshift shelters can be seen throughout the city.
Billions of dollars have been spent trying to address this issue but it only seems to get worse, and now one member of the city council wants to create a new city department to focus on the problem.
How many more millions will be wasted as this new government entity fails to solve the problem?
A former NBC executive who called Barron Trump 'fair game' on his 18th birthday has deleted the tweet after being accused of inciting attacks against the former president's son.
Mike Sington enraged followers yesterday with the post, with many reporting him to Elon Musk and X.
He has since removed it but is yet to apologize, instead telling Newsweek: 'I posted he was 'fair game' now, meaning, as an adult, he's 'fair game' for criticism from the press.
Bus company agrees to stop bringing migrants
from Texas to New York City amid pending lawsuit 16 replies
from Texas to New York City amid pending lawsuit 16 replies
Bus company Roadrunner Charters agreed on Wednesday to stop transporting migrants from Texas to New York City and surrounding areas while a lawsuit is pending.
The agreement is part of a stipulation in which the city agreed to defer pursuing more than $700 million incurred to care for all of the migrants bused to the city in the last two years. [SNIP] The lawsuit said the bus companies should be held liable for the city's costs of care.
President Joe Biden’s reelection campaign expanded its fundraising advantage in February, with plans to unload a barrage of ads against former President Donald Trump.
The Democratic president’s campaign account officially reported taking in $21 million in February, according to its report filed with the Federal Election Commission late Wednesday, ending the month with $71 million cash on hand. That left the Biden campaign and the Democratic National Committee with a combined $97.5 million cash on hand as of the end of February, more than double the $44.8 million in the bank between Trump’s campaign and the Republican National Committee. Those totals don’t include either side’s joint fundraising committees.
Comments:
Go "green", get fired!
It turns out that most people will NOT rent and EV when they need to travel on business or on vacation. Shouldn't be any sort of a surprise to anyone with a brain....so this CEO is gone.