Word: auto
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...using these days to influence trade. More important perhaps is the financial support that states are offering to industrial firms to aid them in the global competition for a shrinking pool of consumer demand. Most obvious of these steps was Washington's $17 billion bailout of the U.S. auto industry. Now American steelmakers are lobbying the incoming Obama Administration to include "Buy America" provisions in the proposed government stimulus package, to favor their own steel over foreign imports. A state development fund in Taiwan is raising $6 billion to aid companies in the industries considered strategic for the economy; Taiwan...
...Invisible Hand" anthem or a theme song about price elasticity and wage rates. But that doesn't stop Young from trying; parts of his 2008 world-tour concerts were peppered with angry rants about the financial collapse. In November he even released his own plan for saving the U.S. auto industry. Young aimed to tackle "the issue of global warming from our automobiles while enhancing our national security and keeping Detroit working." Wow, did the Woodstock generation get boring, or what...
...Japan has a unique vulnerability to negative stock-price momentum. Cross-shareholdings, a mainstay of traditional Japanese business practice in which companies hold shares of other firms to cement friendly relationships, make stock-price losses a broadly shared pain. Not only are Japan's megabanks involved in cross-shareholding; auto and electronics manufacturers like Toyota, Nissan and Sharp are too. Companies and financial groups own about 20% of the shares on the Tokyo Stock Exchange...
Road Rewards. Best Western Rewards members can use their points to buy an AAA membership. Use 12,500 points to join the auto club, which offers free towing and rescues from other travel disasters...
...million to boost innovation in the German auto industry...