Word: costs
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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...
...made a mix cassette tape for your friends, that was probably illegal, but the record companies were never going to sue you in a million years because it was low level, it was totally under the radar, and they just sort of considered it a cost of doing business,” says Benjamin S. Sheffner ’93, the copy-conservative lawyer behind the popular copyright blog “Copyrights and Campaigns.” “The Internet completely changed the game—all of a sudden the teenager who used to be making...
Sheffner, the copy-conservative blogger, puts it differently: “Everything in this case has been abnormal and weird.” It’s a fact that may have cost the Tenenbaum team on more than one occasion. It also may be the team’s best chance of succes. With several hurdles left to clear before a trial date can be set, those following the case will have to wait...
...Bargain-basement housing is a departure for Tata, which previously has developed luxury apartments costing upwards of $220,000, along with office complexes and shopping malls. The property company is planning to build 4,000 of the low-cost homes across India over the next four years. Projects near Bangalore in the south and Gurgaon in the north are the next destinations...