Wrong Metrics Being Followed -- Auto / Light Truck Sales -- March 4, 2018

The other day the mainstream media reported auto / light truck sales for the month of February, 2018, noting that for most makes, total sales had declined month-over-month. And then you read the small print: sales of low-margin, small sedans fell significantly, enough to affect the bottom line in number of units sold, but the number of high-margin, light trucks and SUVs sold continued to surge.

Today, from Twitter:

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SaudiLand (With Apologies To Disneyland)

March 4, 2018: mega-city / mega-resort / mega-tourist center -- Egypt-Saudi joint venture on Egupt's southern Sinai Peninsula; from Reuters: 

Egypt has committed more than 1,000 square kilometres (386 square miles) of land in the southern Sinai Peninsula to a planned mega-city and business zone unveiled by Saudi Arabia last October, a Saudi official told Reuters on Monday. The territory along the Red Sea is part of a joint fund worth more than $10 billion.

Prince Mohammed previously announced plans for the 26,500 square km zone, known as NEOM, at an international investment conference in Riyadh. Officials said public and private investment in the area was eventually expected to total $500 billion.

The mega-city, with its own judicial system and legislation designed to attract international investors, is to focus on industries such as energy and water, biotechnology, food, advanced manufacturing and tourism, according to officials.