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...Sales president, said the cash-for-clunkers program reduced the recessionary drag on sales and offered a nice dividend for the environment. "Clunker-related Toyota sales over the seven days alone will save customers an estimated 8 million gal. of gas and $20 million in gas spending over the next year," he said. (See the best cars from the 2009 Detroit Auto Show...
...feel like a living entity and coherent narrative after one has experienced a few decades of it, so does the future. Having been an adult for 30 years now, I find I have a pretty fair ability to imagine how American life will and won't change during the next 30. Thus my new book, Reset: How This Crisis Can Restore Our Values and Renew America, in which I explain how the recent meltdown was both inevitable and a long time coming, and how it amounts to one of our rare but regular national opportunities to give ourselves a sensible...
...Japan already employs over a quarter of a million industrial robot workers -more than any other nation - in an effort to counter high labor costs and to support further mechanization of its industries, and would like to see that number go up to one million over the next 15 years. "Robotics is to be for the Japanese economy in the 21st century what automobiles were in the 20th," says Jennifer Robertson, a professor of anthropology at the University of Michigan. (See Japan's Greatest Design Hits...
...false alarm. Rumors had swept the trading floor that China was going to tighten money supply. That night, the central bank reaffirmed its loose monetary policy that is meant to support economic growth and pledged to refrain from imposing loan quotas to control bank lending. The next day, the Chinese banks that were said to be cutting back on credit denied they would do so. On July 31, the Shanghai index rebounded 2.7%, the biggest rise in two months; China stocks in July rose 15%, the largest monthly gain since 2007. (See pictures of China's infrastructure boom...
...London-based think tank Chatham House. Eventually, however, the British public will demand that politicians articulate an endgame. "Britain will commit additional troops because there's such a sound logic to it militarily," says Cornish. "But I can't see how we can plan to be there for the next two or three decades. I just don't see how that's possible, both politically and militarily...