The Byproducts of the War on Iran
Iran’s control of the Strait of Hormuz affects not just oil and fertilizer, but also the many oil- and gas-based inputs essential to everyday goods.
Chrysler announced that it will cut 25% of its white-collar workforce of 17,300 by the end of the year through early retirements and buyouts. The announcement follows yesterday's news that it would lay off 6% of its hourly workforce by shuttering a plant in Delaware and slowing production at one in Ohio. Chrysler's sales are down 25% for the year.