Word: arounders
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...Many carmakers and governmental officials are focusing on electric cars and plug-in hybrids as the future of the industry. What's your take on that? Hybrid technology has been around for how many years now? Yet its percentage of total vehicle sales is around 3%. It takes a very long time for these technologies to make inroads. We laud the Obama Administration's objective of wanting to get us to a point where we have lower emissions and lower fuel consumption. What we are less comfortable with is that they want to pick technology. Let the guys who actually...
...long term, 20 years-plus, we all want to be at a place where we have, if not zero-emission vehicles, then to be as close to a zero-carbon footprint as possible. People would like to imagine that Utopia is around the corner, and that electrically powered cars are the instant solution. And I will tell you that there is no silver bullet. We have to embrace a whole range of alternative technologies. If we want to view electrically powered cars as one very viable means of getting to the Promised Land, then we have to face the reality...
...which in turn loaned it out to mostly state-owned companies in a wide range of industries. Banks also loaned money to real estate developers, who have added inventory to what were already overbuilt residential and commercial markets in several major Chinese cities. And now the government has turned around and acknowledged that the mind-bending surge in bank lending - by June of this year, total lending exceeded the amount for all of 2008 - has done nothing to rebalance China's economy between consumer and producer. In fact it's done the opposite: late last month, the National Development...
...Federal Reserve Chairman Ben Bernanke has long let it be known that he thinks the imbalances between the U.S. and China contributed to the financial breakdown of the global economy. China's excess savings were sloshing around and needed a home, and profligate America was more than willing to borrow those savings. On Oct. 19, Bernanke gave a speech in which he said that while personal savings in the U.S. is now rising, the government had to get its own accounts in better order. He then pointedly noted that "policies that artificially enhance incentives for domestic savings and the production...
...symbolic resumption of talks simply to signal progress. The message from the White House to both sides over the past week has emphasized the urgency of doing that. Unfortunately, given the gulf between the demands and expectations of Israelis and Palestinians, that sense of urgency about getting back around a table may be felt more keenly in Washington than it is in Jerusalem or Ramallah...