Word: autos
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...rescue program that saved some and not others, depending on political and social criteria. The most recent example: Delphi Corp., GM's former parts division that was spun off a decade ago, which recently emerged from bankruptcy proceedings. White collar Delphi retirees are having their pensions whacked, but United Auto Workers pensioners are being made whole...
...best cars from the 2009 Detroit Auto Show...
...them stuck with it. Scholars have found similar status-quo results with organ donations. If we have to sign up, very few of us become organ donors. If we have to opt out, most of us remain organ donors. Similarly, when our electronic gadgets come with the energy-saving auto-power-down function enabled, we're cool with that; if we have to enable it ourselves, we rarely bother. (See 10 players in health-care reform...
...mention the cause underlying Detroit's dwindling population: globalization. The fact is that the jobs that were once done by Detroit dwellers have long since been displaced to Asia, Latin America and Eastern Europe due to lower labor costs. Marx would appreciate the irony that the once glamorous auto industry, which embodies the spirit of capitalism, unleashed the forces of globalization which eventually destroyed it. David Zarecky, PRAGUE...
...homeowner and found it staggering that just the mortgage-interest and property-tax deductions amount to $96 billion per year. The elimination of those two deductions alone would virtually pay for health-care reform. I recall the fear expressed when the removal of interest deductions for auto loans and credit cards was first discussed. The bottom did not fall out of those sectors. Nor will it fall out of the housing market...