Word: auto
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...Already, utilities, retailers, hamburger joints and others are scrambling to prepare for the swarm of electric and hybrid vehicles, and several are market-testing on-site charging stations. The auto industry is doing its part, not only producing a burst of innovative vehicles, but also attacking some of the nitty-gritty issues, like the size of the plug...
...political violence. Why, average Kenyans are asking, the Volkswagen Passat and not a Toyota, Honda or some other cheap and more widely available alternative? "To me, these guys are playing around with the minds of Kenyans," says Martin Kitunga, the 37-year-old senior mechanic at New World Auto in Nairobi. "Passat or Mercedes, it doesn't make that big a difference. If they really want to make a change, they should get a Toyota...
...Should they be exempt from the change? No, said Kenyatta. Nevertheless, a few ministers have refused to turn in their luxury wheels. "We are not schoolchildren to be given uniforms in the form of Passats," Immigration Minister Otieno Kajwang said recently. (See the best cars from the 2009 Detroit Auto Show...
Perhaps the most surprising revelation during last month's hearing was that four of Michigan's wealthiest men - including Compuware CEO Peter Karmanos Jr., auto retailer Roger Penske and Quicken Loans chairman Dan Gilbert - had given a total of nearly $240,000 in loans to Kilpatrick's family around the time he left prison. Precisely how the money was used is unclear. The executives swiftly issued statements nearly identical in tone to explain their actions. "We were concerned about the city's inability to move forward due to the situation and circumstances that had surrounded Mayor Kilpatrick and his administration...
...course, the ideas of John Maynard Keynes are also behind the auto-industry bailouts, new financial regulations and public investments pushed by the Obama Administration. The difference is both in the details and the big picture: not only do specific national economic policies in Europe tend to still trail those of the U.S. on the free-market curve, but there is also a lingering ingrained suspicion about capitalism itself...