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The recyclers who process the cars aren't so lucky, according to Michael Wilson, executive vice president for the Automotive Recyclers Association (ARA), a trade group that represents 4,500 recyclers across the country. Because of the way dealers must destroy each clunker's engine, fewer parts are salvageable - which...
Meanwhile, negotiations over iron-ore contracts, an annual ritual that has been particularly heated this year, may be another factor. Chinese steel producers have been pushing for a discount of up to 50% on the price agreed on last year with Rio Tinto. But with the negotiations stretching long past...
The news from Sacramento could be a lot worse: Governor Arnold Schwarzenegger's original proposal was to cut $70 million from the parks-and-recreation budget, which would have shuttered 220 of 279 state parks. That outcome was averted by a last-minute legislative agreement in late July that leaves...
The original version of this article stated that Medicare reimburses nurse practitioners 80% of what is paid to doctors for the same services, when the correct figure is 85%. It also misidentified Jan Towers, health-policy director for the Academy of Nurse Practitioners, as Jan Powers.
And there are other, less familiar historical moments that also have unmistakable resonance with the present. We've just finished living through a long Gilded Age, in which rich Americans got richer, and more and more people began consuming conspicuously. The original Gilded Age began a century earlier, in the...