Two Leftist Fantasies That Collide With Reality

Toyota To Import Taiwan-Built Minivans To Japan Amid Factory Strain Toyota will start shipping Taiwan-built Noah and Voxy minivans to Japan later this year, marking a rare shift in the company’s production strategy as mounting pressures strain the country’s auto manufacturing sector, according to Nikkei. Production for the Japanese market is set to begin in October on a dedicated line at Toyota’s plant in northern Taiwan, according to Nikkei. While Japanese automakers have long sold foreign-built vehicles at home, those models were typically intended for overseas markets first. Toyota’s decision to...

U.S. Wheat Futs Hit Two-Year High As Wall Street Sounds Alarm Over Drought Shock Hard red winter wheat climbed to a two-year high by the end of the week, as our coverage of the drought shock now hitting America's Breadbasket raises serious alarm bells on commodity desks. The concern is not just reduced crop yields and quality. It is colliding with fertilizer shortages and elevated diesel prices, creating a broader inflationary transmission channel that could work its way through the food supply and translate into higher supermarket prices down the road. Hard...