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...result, wind turbines now dot Denmark, the country gets more than 19% of its electricity from the breeze (Spain and Portugal, the next highest countries, get about 10%) and Danish companies control a whopping one-third of the global wind market, earning billions in exports and creating a national champion from scratch. "They were out early in driving renewables, and that gave them the chance to be a technology leader and a job-creation leader," says Jake Schmidt, international climate policy director for the New York City-based Natural Resources Defense Council. "They have always been one or two steps...
...subprime catastrophe. This is, after all, low-wage Florida: housing costs may be falling - in exorbitant South Florida, they've tumbled 45% since the median cost peaked at $375,000 two years ago - but take-home pay isn't rising. Unemployment, in fact, is at 8.1%, Florida's highest level in two decades...
...reserves looks so ill-advised to many observers. The move could nix some 50 low-income projects slated to be built on the peninsula this year. And it seems particularly unwise when you consider that construction is one of the state's most crucial industries but is suffering the highest unemployment of any sector...
...could make it easier for the company to get fresh financing and pay off the $3-billion bridge loan coming due in June. In addition, with interest rates declining, vehicle demand appears to be firming up in India, especially for passenger cars. Tata Motors January car sales were the highest since May 2008 - good news since 80% of its revenues come from India. Economic stimulus measures being taken by the Indian government could also give some breathing room. Two weeks ago, Delhi announced that it was placing a $200-million order for 1,625 buses with Tata Motors, a deal...
...auction market, of course, has its own unique calculation, driven as it's said by the incalculable "price of two people's desires." Surprisingly, the only disappointment on Monday was that a late Cubist work by Picasso - Musical Instruments on a Table, which had the highest presale estimate, of some $30 million - went unsold. The Saint Laurent-Bergé auction continues on Tuesday and Wednesday with the sale of rare furniture and antiquities, including two Chinese animal heads that Beijing says were pilfered and must be returned to China. Earlier on Monday, a Paris court rejected China...