Word: auto
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...auto mechanic, Madden was born in Minnesota and grew up in Northern California. It was not a plush upbringing: A multi-sport athlete, Madden remembers taping together broken bats from a local semi-pro baseball team to use for batting practice; one of his first jobs was as a caddy. Recruited to play football at the University of Oregon, he transferred out after his first year and eventually ended up at California Polytechnic State University in San Luis Obispo. Drafted by the Philadelphia Eagles in 1958, Madden suffered a career-ending knee injury during training camp...
Despite the pressure of Chrysler's April 30 deadline to pull off a rescue package - or face potential bankruptcy - the United Auto Workers has been in no rush to make concessions. "As I see it, the United Auto Workers union has a choice. They can [shed] some jobs or they can take a pay cut," says a financial consultant based in Detroit. "Naturally when you're faced with two bad choices, there is a natural tendency to procrastinate...
...Notwithstanding the fact that the "buy American" provision in Sutton's bill - which has the support of U.S. automakers and the United Auto Workers union - might violate free-trade agreements if the bill is ever passed, greens are more worried about its extremely low standards. Refusing to put a mileage requirement on clunkers means that even relatively efficient cars could be traded in, provided they're at least a decade old. And putting the minimum standard for new cars at 27 m.p.g. means that more than half the cars already in the U.S. fleet would qualify, since the existing federal...
...vehicle that's more than three years old, provided its fuel economy comes in at less than 18 m.p.g. Any new car would need to have a fuel economy at least 25% better than the clunker to qualify - and rebates would reach up to $4,000. (All auto brands would qualify, foreign or domestic.) A 25% improvement would be enough to make buying a new car a good deal for the planet as well as Detroit. "If the public is going to subsidize these auto purchases, then the public should get a benefit through oil savings and a reduction...
...price tag. Since Obama has said that money for the cash-for-clunkers program needs to come out of existing stimulus spending, that might take some creative accounting. But a cash-for-clunkers program, whatever its environmental benefits, would provide the government with a way to aid the domestic auto industry without giving Detroit any more direct handouts. "There's a lot of justifiable taxpayer reluctance to keep helping the auto industry," says Goldstein of the Center for American Progress. "Politically this is a viable alternative to sending them additional loan money...