Word: cash
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...Federal Government estimates 240,000 vehicles have already sputtered off the roads and into dealers' lots as part of its cash-for-clunkers program, in which consumers receive a subsidy of up to $4,500 when they trade in their older, less efficient cars for new models. The House of Representatives has already moved to keep the program going by expanding its funding, and the Senate is considering a similar measure this week. But while the initiative has proved highly popular with consumers, critics are raising concerns about the economic and environmental hazards inherent in the process of ruining...
...recyclers across the country. Because of the way dealers must destroy each clunker's engine, fewer parts are salvageable - which means less profit for the recyclers who process the automobiles. Although 60% of a car's salvage value comes from the engine and drive train, Wilson said the original cash-for-clunkers plan - the formal name is the Car Allowance Rebates System (CARS) - called for the obliteration of both. While the ARA and Congress hashed out a compromise that salvages each automobile's drive train, ruining the engine still kills about 30% of a vehicle's recycling value. For recyclers...
...vice president at CHM Government Services, a consulting firm in Beverly, Mass., says parks are trying to move away from operating with money in their states' general-fund accounts. These catchall coffers have historically financed public spaces but in recent years have been decimated by legislatures redirecting much needed cash to fill other lines in their budgets. Of the seven state-park systems that are not tethered to general funds, Oregon finances its parks with money from the state lottery. Maryland uses a 0.5% tax on all real estate transactions to fund its parks. Similar initiatives exist in Missouri, which...
Rich Dolesh, chief of public policy for the National Recreation and Park Association in Washington, D.C., says additional funding options for state parks could include transferring certain operations to municipal governments (which aren't exactly flush with cash these days) and increasing park-generated revenue for everything from campsites to dog-walking permits (which would make park visitors foot more of the bill for using public space...
...stimulus package includes spending to strengthen social safety nets and boost domestic consumption, such as subsidies for rural consumers to buy selected electronic goods. In an echo of America's wildly popular cash-for-clunkers car program, a new initiative grants consumers in four provinces and five cities 10% discounts if they trade old electronic goods for new ones. The amounts allocated have been criticized as piddling, but their inclusion in the stimulus spending indicates that China's planners recognize the importance of domestic consumption as a driver of growth, given the steep fall in demand for Chinese exports because...