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...There are possibly hundreds of millions of dollars that have been paid to taxpayers who are not entitled to the credit," said Representative John Lewis, a Georgia Democrat, while chairing a House committee earlier this month. Still, Stuart Saft, a partner at Dewey & LeBoeuf, thinks the tax-credit program can be cleaned up without eliminating it. "It's a question of monitoring its use more closely...
...doubts about Chrysler's future were reinforced Tuesday when the company reported a stunning 30% drop in sales for October. By contrast, both the newly profitable Ford Motor Co., and General Motors Corp., which had followed Chrysler into bankruptcy, reported modest sales increases during what was the best month for new cars sales in more than year. "The industry showed signs of improvement this month, which is a trend we expect to continue for the remainder of the year," said Fred Diaz, the top executive in Chrysler Sales Organization, as he scrambled to put a good face on his company...
...Cerberus Capital Management LLC, for slashing the product development budget in a failed bid to reach profitability. But it's more than just a lack of new vehicles plaguing the automaker; it's also the vehicles it has in hand. "Chrysler continues to struggle," Consumer Reports said earlier this month. "More than one third of Chrysler products are much worse than average," the magazine's editors noted...
According to Evelyn R. Wenger ‘11, Campaigns Director for the Democrats, the volunteers focused most intensely on the Maine referendum, known as Proposition 1. The Democrats have been teaming up with the QSA to campaign against Prop 1 every Sunday for the past month. “Especially after Prop 8 passed last year and eliminated gay marriage in California, it’s definitely an important race,” Wenger said...
...Student Initiatives Committee introduced a grants program proposal last month that included revisions and additional restrictions to April’s Social Grants Act to alleviate ensuing administrator concerns raised last semester...