Tag: Problem

Tesla recalls 15,000 Model X SUVs to fix a power steering problem

Tesla’s innovative over-the-air software updating system allows it to upgrade (and, sometimes, repair) its cars wirelessly, but some problems will always require tools and a trained mechanic. It encountered one recently, so it’s voluntarily recalling 15,000 early examples of the Model X to fix a problem with the power steering system. Documents published by the…

Phoenix pay problem backlog declines, but half of workers still impacted

OTTAWA—The backlog of problems created by the federal government’s faulty electronic pay system has dropped below 200,000 for the first time since shortly after it was brought fully online in 2016. But the government says almost half of federal employees paid through the Phoenix system are still experiencing some form of pay issue, including being…

Tesla Still Has a Big Cash Problem

Since CEO Elon Musk’s Aug. 7 tweet saying that he was considering taking Tesla (NASDAQ:TSLA) private, the discussion around the company has focused on one big question: Will Tesla be able to find the funding it needs to go private at $ 420 per share?  But there’s another important question that was being asked before…

Canada’s Economy and Household Debt: How Big Is the Problem?

Introduction Shakespeare wrote, “Neither a borrower nor a lender be.” Well, that may have been reasonable advice back in Hamlet’s day, but it is hard to imagine a modern economy like ours functioning under that dictum. For most Canadians debt is a fact of life, at least at some point. Borrowing can help…