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...Some of the biggest gains during July were posted by small foreign carmakers such as Subaru, Hyundai and Kia, whose sales jumped 34%, 22% and 9%, respectively. Hyundai in particular was well prepared for the program from a marketing standpoint, having encouraged dealers to accept qualifying trade-ins nearly two weeks before the U.S. Department of Transportation launched its official cash-for-clunkers website. The payoff is already filtering through to workers. "Hyundai Motor Manufacturing Alabama is now increasing production by returning to a five-day workweek in July after being on a shortened workweek since mid-October," said Dave...
...domestic carmakers - Ford Motor Co., General Motors and Chrysler - had less frothy numbers but still managed to pick up market share in July for the first time in months, at the expense of German and Japanese competitors. Ford emerged as one the program's biggest winners, posting a genuine sales increase for July over the same period last year; the automaker could also lay claim to the top vehicle purchased with clunker cash: the compact Ford Focus...
...birthday's not a birthday without a cake, of course, and Bubba's that year was so huge that he needed daughter Chelsea's help to blow out the candles. His was far from the biggest, however. At one of the 6,000 parties thrown in honor of Franklin Roosevelt's birthday in 1934, 52 young girls - one for each year of the President's life - paraded through New York City's Waldorf-Astoria hotel wearing frothy white satin-and-chiffon gowns topped with hats shaped like triple-tiered birthday cakes. Each carried in her right hand a long pink...
...biggest presidential birthday perk of all, though, may be the presents. In 1912 the people of Staunton, Va., Woodrow Wilson's hometown, gave the President miniature ivory portraits of his parents. George W. Bush in 2006 got a belt buckle from visiting Canadian Prime Minister Stephen Harper and cuff links from his staff. But the best presents of all have been the priceless ones. On Nov. 2, 1920, Warren Harding returned from a golfing excursion to find 55 small pink candles on a frosted white cake. Then he sat back to await the election returns - and learned he had been...
...policy that is meant to support economic growth and pledged to refrain from imposing loan quotas to control bank lending. The next day, the Chinese banks that were said to be cutting back on credit denied they would do so. On July 31, the Shanghai index rebounded 2.7%, the biggest rise in two months; China stocks in July rose 15%, the largest monthly gain since 2007. (See pictures of China's infrastructure boom...