9 Million Miles for the Ultimate Drive, an interesting annual BMW test drive promotion that supports the Susan G. Komen Breast Cancer Foundation. This initiative, which raises at least $1M annually, passed through Madison today.
Patrick Paternie on US culture and station wagons:
The term station wagon has evolved from a G-rated to an X-rated word and back again among U.S. automotive marketers. But love it or call it a five-door sedan, the station wagon is the iconic American automobile.
Station wagons flourished along with the growth of two other definitive aspects of the modern American lifestyle, the suburbs and the interstate. The epitome of nuclear family-era transportation, a roomy, luxurious station wagon and a AAA TripTik was a recipe for family bonding and adventure before National Lampoon’s Vacation and the Griswolds turned it into a rolling-disaster movie script.
By the end of the 1950s station wagons accounted for nearly one of five new car sales. It was the aspirational vehicle of the period, as evidenced by the Country Squire’s status at the top of Ford’s lineup.
Quite a bit of news Monday on the ongoing US Government Tax Shelter Investigations:
Ironically, the Supreme Court overturned the US Department of Justice’s indictment of Andersen, which cost thousands of people their jobs:
While hearing arguments in Andersen’s appeal, Justice Antonin Scalia at one point described the government’s theory of the case as “weird,” according to The New York Times.
What’s more, the justices “were so clearly sympathetic” to the former Big Five accounting firm, that the only question remaining at the end of the session was how quickly the Court would overturn the conviction, the paper added.
Of course, even if the conviction is overturned, it would not be much help to the thousands of former employees who lost their jobs and the former partners who lost their equity.
Real tax reform is long overdue. Will we see it from our politicians? Unlikely, when both Feingold and Kohl are supporting bills like this very large, multinational corporation tax giveaway.
I’ve known Bob Pfaff, indicted today, for 20 years and have always found him to be a great friend and honorable man. I’ve posted a few items on this previously here. The recent Kelo Case is also worth watching in this context.