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...secret that one of the biggest reasons the U.S. auto industry is teetering on collapse is that, quite simply, Americans have stopped buying cars. U.S. auto sales were down 37% in March from 2008, the latest in a nearly unbroken year-and-a-half streak of falling sales. And if the cratered economy is the main culprit behind backed-up inventory at U.S. car dealers, another is that American automakers have failed to produce the more fuel-efficient vehicles that gas-price-conscious car buyers are beginning to demand. As a result, the U.S. still sends hundreds of billions...
None the less, this Obama appointment, a 6-month old Portuguese Water Dog, has at least escaped the tax troubles that have dogged torpedoed previous high-level appointments. That being said, the latest addition to the Obama team has not escaped controversy--those with nothing better to do critics clamor that the choice of a purebred dog exemplifies the shallowness of Obama's claim to bring "change...
...Richard Yancey's latest novels are The Highly Effective Detective and The Extraordinary Adventures of Alfred Kropp...
...decade-long business career, Ireland's Declan Ganley, 40, has launched a telecoms firm, a timber trading company, a cable television operator, an online jewelry retailer and a finance house. But it is his latest venture that could end up having the biggest impact. In 2006 Ganley founded Libertas, a think tank that concentrated its scorn on the European Union. At the end of 2008 it became an E.U.-wide political party with the express aim of overhauling the institution it so often criticizes. "We are saddled with a tyranny of mediocrity," Ganley says. "It boggles the mind. Almost...
...Publicly, the Obama Administration made the standard disapproving noises. "A serious step in the wrong direction," said White House spokesman Robert Gibbs. But in truth, North Korea's latest gambit could not have been altogether surprising to anyone in Washington - least of all to the State Department diplomats who have been dealing with the Democratic People's Republic of Korea (DPRK) for the past decade. They know that even in Pyongyang, North Korean officials have access to the Internet. If they cared to, they could have read yesterday's New York Times, which reported that the Obama Administration is considering...