Word: hummers
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...years ago, the galloping stock market promised to put a Hummer in every garage and lower the retirement age to 37. Today, with real estate prices soaring, refinances booming and mortgage rates skimming bottom, Americans look at their homes rather than their tech stocks as gold-stuffed pinatas aching to be whacked. "People are watching their home values," says Burton Jablin, president of home-and-garden network HGTV, "like they used to watch their 401(k)s." Call it a testament to the resilience of the American Dream, or at least the American Pipe Dream. The get-rich-quick fantasy...
...have $50,000 to spare for a real Hummer, then you might consider a more modest alternative: a line of gadgets from Conair that are modeled after the brawny cars. The devices include a digital boom box, a CD player and two-way radios ($99, shown above). Out in April, the radios feature a digital compass and voice activation...
...design job. Welburn is charged with advancing the work of his predecessor, Wayne Cherry, who rescued GM from the bland boxes it produced in the '80s and early '90s. Welburn recently headed design of GM trucks and SUVs, overseeing the look of the hot Cadillac Escalade and Hummer H2, among other vehicles. Welburn's passion is muscle cars: he created an Oldsmobile that sustained 257 m.p.h.--a world record...
...ones that use the most gasoline. Contributing even more to the trend, they extended an extraordinary tax benefit to the gas guzzlers, so drivers who used a vehicle for work could write off the cost on their tax returns--even as much as $38,200 toward a new Hummer H2 that gets only 10 m.p.g. As might be expected, consumption rose 1.5 million bbl. a day over the past decade, to 8.8 million last year. But for owners of pricey vehicles like the Hummer, it keeps getting better. The tax-cutting bill signed into law in May expanded the write...
...against Davis. Schwarzenegger isn't discussing politics while he promotes Terminator 3: Rise of the Machines, which opens this week, but, says Riordan, "Davis' big worry is that it will be me or Arnold. I hope it's Arnold." Woe to the man who would try to steal his Hummer. --By Terry McCarthy