Word: carlies
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...response, desperate carmakers are now talking about asking Congress for new tax incentives, such as making interest on car loans deductible or granting tax credits for scrapping old cars - moves designed to encourage consumers to purchase new vehicles. And it's not just Detroit that's hurting. "We would be in favor of some kind of action if it was across the board," says Irv Miller, vice president of public relations for Toyota Motor Co., which saw its sales drop 26% last month in spite of ongoing zero-interest financing deals...
...record, the market, as measured by the S&P 500, has risen 10% in the past week, and was up for most of the day Monday, before ending just a few points down. That's pretty incredible in face of such continued downers as the news Monday that car sales by U.S. automakers dropped by more than 30% in October...
Like a man revisiting the scene of a bad car wreck, former Vice President Al Gore came to Palm Beach County, Fla., on Friday. Palm Beach, you may recall, is where butterfly ballots, hanging chads and other election catastrophes helped thwart Gore's efforts to win Florida's electoral votes - and the presidency - in 2000. That bizarre recount drama gave the White House to George W. Bush by just 537 ballots. This time Gore was stumping for Barack Obama, but memories of the 2000 debacle were surely not forgotten, especially since Palm Beach keeps experiencing electoral mishaps. The county...
...Abbas Hamad, deputy commander of an Iraqi police brigade, first deployed in Dora in the summer of 2007, most of the neighborhood's Christians had been driven from their homes by jihadis and militias, and the residents that remained didn't dare leave their homes. "There wasn't a car in sight," Hamad told TIME. "The only person I saw fired an RPG [rocket-propelled grenade] at me." With the help of U.S. soldiers, the police began taking back the streets and now patrol them on their own. Stores are open, and a church is once again celebrating Mass...
...many of whom are hostile and volatile regimes—for 75 percent of its oil needs. Obama’s policy proposals correctly target the transportation sector, which accounts for 70 percent of American oil consumption. By mandating a flex-fuel standard for all automobiles, expanding hybrid-car tax credit, and significantly increasing the Corporate Average Fuel Economy (CAFE) standards, Obama’s plan has the potential to significantly decrease the importation of petroleum in the short term...