GOOD DAY FOR: Safe investments, as Ford announced that it will try to fix Volvo—its safety-conscious, money-losing Swedish subsidiary—rather than sell it. “The best way Ford could support them is to give them the budget and the autonomy to let the folks at Volvo be Volvo,” said Ron Pinelli of Autodata. (The New York Times, free registration required)
BAD DAY FOR: Media endorsements, after homebuilder Toll Brothers CEO Robert Toll blamed the housing slump on bad press coverage. Toll said that of the record 39 percent of homebuyers who backed out of their orders last quarter, 17 percent “just wanted to walk.” He added, “Translation, they’ve read one too many Times articles, and decided now is not the time to buy a home.” (The New York Times, free registration required)
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
-
Selfies ban in art galleries: a sign of the times?Talking Point Priceless art has been damaged by visitors desperate to take a snap with star attractions, leading some galleries and museums to start fighting back
-
Quiz of The Week: 21 – 27 JuneHave you been paying attention to The Week's news?
-
The Week Unwrapped: How do you turn plastics into paracetamol?Podcast Plus, what is the Wagner Group doing now? And why is it so hard to find a job after university?
