When it comes to five-year, new, indirect auto loans, credit unions and banks are running pretty close with their rates. According to Informa Research Services, credit unions offered an average of 4.21% compared with 4.36% at banks as of Thursday. The rates were for the A tier category, which are borrowers with credit scores between 680 and 719.**** Read More; Banks, CUs Keep Up Indirect Auto Loan Competition:
Birth of the Weekend Today marks 100 years since Ford Motor Company became one of the first American companies to officially adopt the five-day, 40-hour workweek for factory workers, a decision that reshaped work-life balance. Henry Ford’s idea to eliminate Saturday from the workweek initially met hesitation from some hourly workers worried about reduced pay. However, his daily wages of $5 to $6—roughly double the industry average—helped to ease concerns ( read 1920s reactions ). Ford reportedly redirected Saturday wages to hire thousands more people for Monday through Friday shifts, reducing unemployment. The move also boosted productivity, reduced turnover, strengthened morale, and gave workers more leisure time, some of which they spent buying and traveling in Ford cars. The US formally codified the 40-hour workweek in 1940, mandating overtime pay for hourly employees. More recently, momentum has grown aro...
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