Word: dollarization
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...major coal-powered utility American Electric Power spent $4.6 million to lobby Congress in the first six months of the year, $1.3 million more than it did over the same period last year. By contrast, "I don't think you can see the renewable-energy lobby compete on a dollar-by-dollar basis with the fossil-fuel and coal lobby," says Mataczynski...
...clunkers scheme, car dealers are stepping up advertising and manufacturers are offering their own incentives. Chrysler, which has watched its sales dwindle this year to the point where, according to Edmunds.com, it is now in seventh place in total sales in the U.S., plans to match the federal rebate dollar for dollar. Any consumer shopping for a new vehicle will qualify for the program, which offers up to $4,500 for the purchase of an eligible 2009-model-year Chrysler, Jeep or Dodge vehicle through the Double Cash incentive. Mike DiGiovanni, GM's general director of market analysis, says...
...high court saying the law banning polygamy violates the country's freedom of religion clause. Winston Blackmore, the group's self-described "Bishop of Bountiful," is pleading poverty due to a downturn in the community's sawmill business and is asking the Canadian government to foot his million-dollar legal bill...
...result of the sparring, the value of the minimum wage in real dollar terms has risen and fallen on political tides, peaking in 1968 when an hour's pay bought nearly 5 gal. (19 L) of gas. By 2006, it paid for less than 2 gal. (8 L); meanwhile, some states raised their own standards (Washington mandates $8.55 an hour). Thirty-one states will have to increase their minimum wages as a result of the July 24 increase, while 19 states and Washington, D.C. already had a minimum wage of $7.25 or higher...
...Kenya, a country where 40% of people live on a dollar a day, mobile phone operator Safaricom recently unveiled a deal that gives average consumers one gigabyte of data (only enough to satisfy the lightest of web surfers) for about $32 - and that was touted as a bargain. Other firms offer unlimited but extremely slow Internet connections, barely capable of making Skype calls, for about $40 per month. "No one can [guarantee] there will be a 90% drop next year, but hopefully there will be," says Christopher Stork, senior researcher at Research ICT Africa, a technology analysis firm based...