Word: auto
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...benefits of the auto restrictions come from not just taking polluting cars off the streets. Beijing's notorious traffic jams mean that even newer, efficient cars pollute more than if they were traveling in free-flowing traffic, says Hao Jiming, a professor of environmental science at Tsinghua University. "Driver speeds will increase, especially in urban areas. The high speed makes emissions lower," Hao says. He estimates that simply removing cars will cut pollutants by 40%, and the higher speeds of the remaining vehicles will mean an additional 10% reduction in pollutants. Beijing has added subway lines and increased its number...
...Some support the war, some don't. What they have in common besides their mission is that they are bred-in-the-bone products of American pop culture. They quote South Park while rolling through the blasted countryside. They sing along to Avril Lavigne, compare combat to Grand Theft Auto and recite N.W.A. lyrics for inspiration. One of them--in a twist on a famous theory of New York Times columnist Thomas Friedman's--suggests American consumerism will pacify Iraq. "How else we going to make these hungry motherf___ers want to stop killing everybody? Put a McDonald...
...stock price dropped below $10 this week to its lowest level in 54 years, down significantly from $43 last fall after the automaker had signed a new four-year labor contract with the United Auto Workers that included significant concessions. JPMorgan said the company has to raise $10 billion in fresh capital in the next several months. Merrill Lynch was even less optimistic. "We believe there is potential downside in the stock below $7 and that bankruptcy is not impossible if the market continues to deteriorate and significant incremental capital is not raised," Merrill Lynch analyst John Murphy wrote...
...issues for auto companies is an adequate supply of hybrids, and GM says it is winning that battle. "Hybrid demand and availability continues to build, and we're seeing really positive momentum with the Chevrolet Tahoe and GMC Yukon 2-mode hybrids," LaNeve added. At the same time, GM is still planning to roll out the Chevrolet Volt, a plug-in electric vehicle that will run on battery power rather than gasoline, in late 2010, despite some skepticism about whether its lithium-ion battery will be ready for the road...
...from 1990 levels by 2050. The U.S. may push for even deeper cuts in the future. The Republican nominee, John McCain, has called for a 60% reduction over the same period; the Democratic contender, Barack Obama, would like to see an 80% cut. Bush and the GOP, reflecting U.S. auto-industry concern about changing public opinion on global warming, accepted tighter auto-emission standards this spring after years of resisting them...