Word: coste
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Dates: during 2000-2009
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...that you've finished filing your taxes, here's another task sure to clog your calculator-tallying the cost of the auto bailout. With General Motors Corp. running through $10 billion in cash from the federal treasury during the first three months of 2009 and Congress poised to offer consumers substantial tax credits for new, more fuel efficient vehicles, the costs of helping the struggling automobile industry are mounting fast. Throw in special financing for auto loans supported by the Federal Reserve Board, and the aid for automakers now totals $83 billion-and it keeps growing...
...broad coalition of auto dealers, trade unions, finance companies and auto manufacturers. The nearly completed bill, which President Obama has indicated he will sign, offers consumers credits of $3,500 to $4,500 to trade in old vehicles for new, more fuel-efficient cars. The incentive is expected to cost the government $4 billion and to boost sales of new vehicles by one million units. "We believe this will play an important role in driving demand and stimulating sales," says Ray Young, GM's chief financial officer. (Read "My $4,500 Lemon: Taking the Feds Up on Cash For Clunkers...
...that weren't enough, GM predicted in February that bankruptcy, which now looks inevitable after the company's disastrous first quarter, could cost as much as $100 billion...
...beauty of democracy is that it is inherently self-correcting. The formation of splinter groups such as the Congress of the People is a clear sign that, 15 years after liberation, South Africa's democracy still works and that the ANC will never monopolize power at the cost of democracy. Tshilidzi Marwala, JOHANNESBURG, SOUTH AFRICA...
...health officials grapple with how to handle the crisis, whether to close borders and ground flights, it's worth remembering that, just as with our economic troubles, a retreat to protectionism will come at a high cost. A coordinated scientific response provides the best way forward, not panicked xenophobia...