Word: clunker
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Dates: during 2000-2009
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...olive green and turquoise blue Trabant cars. Finally the numbers forced the authorities to open the gates. Niebank's brother was among the throng and came looking for her. "There was such celebration," she recalls, "over every Trabi that drove through." (Read: "Is the Trabi, East Germany's Clunker, On the Comeback...
...Clunker Debunker" [Aug. 31]: I find it interesting that the top five vehicles traded in under the cash-for-clunkers program were from U.S. carmakers, and four of the top five fuel-efficient vehicles purchased in return were from Japanese companies. It doesn't do much to help General Motors and Chrysler, but perhaps it tells us something about how U.S. car manufacturers got themselves in this mess to begin with. Archie Gillis, TORONTO...
...Cash for Clunker Careers What to do? If your goal is to create jobs, you have two choices - and one painful fact - to confront. The painful fact is that the 1930s option, to have the government directly employ millions of people in labor fronts, is not an option today. "There's no way to create real jobs using this approach," says Harvard professor Roberto Mangabeira Unger. In the 1930s, you could throw 10,000 people with shovels at dam or road projects. Today the work of 10,000 shovels is done by a few machines...
...House needs to propose an omnibus employment-emergency bill that guarantees jobless workers a basic set of rights for two to three years: health care, access to retraining, subsidized mentoring for careers in high-end manufacturing or health services. Handled well, such a program could be a "cash for clunker careers." Obama should also bring together innovative minds in technology and service - the people who run consumer-driven businesses like Disney and Google - to find ways to make the process of being unemployed less of a bureaucratic and emotional mess...
Chrysler, however, appears to have had insufficient inventory in stock at dealers to take advantage of the surge in new-car shoppers, says Jessica Caldwell, an analyst for Edmunds.com. "Chrysler's lack of small cars also hurt," she adds, nodding to the Clunker-program buyers' strong preference for fuel-efficient vehicles. Even struggling General Motors Corp., which also closed its factories after filing for bankruptcy and saw total sales drop year over year, reported a sales increase of 30% in August, when measured against the previous month. Overall, Chrysler sales were up a meager 5% compared with July and dropped...