Word: cash
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...cash-for-clunkers really two-for-one? That depends. There are currently two main bills in the House and Senate, which, according to greens, are not created equal. One, sponsored by Democratic Ohio Representative Betty Sutton, allows any car from model year 2000 or earlier to be traded in, without any restriction on fuel economy. In return, car buyers will get $4,000 if they buy a new U.S. car that gets a minimum mileage of 27 m.p.g. and $5,000 if they buy a U.S. car with at least 30 m.p.g. Crucially, the new cars have to be made...
...better for greens would be the other major cash-for-clunkers bill circulating in Congress, this one co-sponsored by Democratic Representative Steve Israel and Democratic Senators Charles Schumer and Dianne Feinstein. Their bill would allow the junking of any 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...
...Whichever bill is chosen - and others are being circulated as well - a successful cash-for-clunkers program wouldn't be cheap. Germany's program may end up costing the government some $6 billion, three times the initial 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...
...rebate would convince suddenly spendthrift U.S. consumers to buy a new car - especially the sort of customers who would own a clunker in the first place. "Either this program won't make them buy, or they're just poor," says Wolkonowicz. But a cash-for-clunkers deal with tough enough fuel standards would at least be a way to throw Detroit another lifeline without sinking the planet - even as Washington seeds longer-term demand for more-efficient vehicles. The key, like any used car contact, is to check the fine print...
...Harvard campus, we have not really seen students [who] look like they’re getting out of control or getting into trouble with their credit cards.” Foley added that there has not been a spike in the demand for credit or requests for cash advances recently. Foley said that part of this stability at Harvard is a result of the credit union’s attempts to maintain the limits it sets on student credit cards. The credit union arranges for financial literacy and education programs to teach students about the dangers of credit card abuse...