Word: auto
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Dates: during 2000-2009
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...program, universal health insurance). There has also been a cascade of new policies to address the financial crisis - massive interventions in the housing and credit markets, a market-based plan to buy the toxic assets that many banks have on their books, a plan to bail out the auto industry and a strict new regulatory regime proposed for Wall Street. Obama has also completely overhauled foreign policy, from Cuba to Afghanistan. "In a way, Obama's 100 days is even more dramatic than Roosevelt's," says Elaine Kamarck of Harvard's Kennedy School of Government. "Roosevelt only had to deal...
...That said, there are many auto-industry executives who maintain that the hype has gotten well ahead of reality. There is no infrastructure, in the form of battery-charging stations, to support pure electric models. Electric cars now coming to market are also expensive, costing more than $20,000 even with the subsidy, a stiff price in a country where the annual average income is less than $10,000. That's part of the reason that BYD, since introducing a hybrid electric in December, has sold just 80 of them. CEO Wang Chuanfu expects that BYD will lower the price...
...increase gas taxes to make expensive alternatives like plug-in electric cars more acceptable to consumers? "That is going to be the tough decision," the executive says. "It will make the higher cost of electric models more justifiable in the eyes of the buyers, and it will help the auto industry be more sustainable in China...
...best cars from the 2009 Detroit Auto Show...
...Michigan, whose 12.6% jobless rate is the highest in the U.S., with still more auto-plant closings coming soon, launched its "No Worker Left Behind" program in August 2007. So far the state has footed the bill - up to $10,000 per displaced worker - for 61,434 unemployed Michiganders to learn the math, technology and science skills they need to embark on new careers at companies like Hemlock Semiconductor, Dow Chemical and Dow Corning, which are investing and hiring there. Also in demand: the program's newly trained nursing assistants, physical therapists and health-care technicians...