Word: fueled
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Dates: during 2000-2009
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...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...
...clunkers' program that is supported by a 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...
...Almost lost amidst all the headlines about crisis aid to the automakers, the U.S. Department of Energy is now preparing to release $25 billion in loans appropriated last autumn to speed up the transition to more fuel efficient vehicles. The cash is supposed to be used for specific projects that increase fuel economy. Ford, for example, has applied to use some of the federal cash to convert an assembly plant in suburban Detroit from building trucks to building small cars and electric vehicles. The project costs $550 million and Ford hopes to use some of the DOE cash. GM, Chrysler...
...widening gap between itself and South Korea, a calamitous public-health situation and a military that gobbles up the greater part of the budget. On top of all that, North Korea no longer can count on its Chinese and Russian partners for security, and not always for food and fuel...
...ongoing Israeli occupation of the Palestinian territories has also helped fuel the rise of Islamic extremism, especially in countries that have unpopular peace agreements with Israel. In Egypt, the Muslim Brotherhood, the main opposition to the American-backed Mubarak dictatorship, waged a small-scale terror campaign against both the government and the country's Coptic Christians during the 1990s. Since then, in an effort to derail the Islamist movement, the secular Mubarak regime has embraced some of its opponents' religiosity, and perhaps some of their anti-Coptic prejudice. Last month, in a supposed measure to prevent the spread...