Word: economice
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Nobody can blame Volkswagen CEO Martin Winterkorn for smiling this past week. VW has just turned the tables on would-be raider Porsche, placing Europe's biggest carmaker in the driver's seat for a planned merger with the much smaller and sportier firm. And while colleagues at rivals like...
VW still trails Toyota and GM in global car sales, but its Japanese and American rivals have been hit harder by weakened consumer demand. Global car sales fell 18% in the first half of 2009. But the decline at VW was modest, with car sales falling just 5% to 3.1...
The movement toward educational accountability in the Bush administration made one fact particularly evident—that American education is in a state of disarray. For several decades, the margin in test scores between American and international students has only widened, with the U.S. lagging far behind in math and...
"We've gotten rusty at legislating," says Representative Jim Cooper, a Tennessee Democrat. He is being kind. There are only two sorts of legislation that seem to pass these days: things that have to pass, like budgets - and cotton-candy giveaways, like tax cuts or the wildly irresponsible, unfunded Medicare...
As the President sat surrounded by his health-care brain trust on July 28, his words seemed unequal to the task before him. Dr. Bob Kocher, a special assistant at the National Economic Council, was on the cream-colored brocade couch across from Obama, laying out figures that showed what...