Word: recentering
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...ride out the recession without making changes - it needs to continue to innovate. That is why Audi is pushing forward with clean-diesel technology, which de Nysschen believes is the quickest way to get fuel-efficient, less-polluting cars on the road. He spoke to TIME about Audi's recent economic performance, his feelings about electric vehicles and what kind of car he would most like to have in his garage. (See the history of the electric...
...helped breathe life into the comatose housing sector and that its extension is critical. "Failure to act now could derail the fragile housing recovery even before it has time to take root, " said Jerry Howard, president and chief executive of the National Association of Home Builders, in a recent statement. (See six year-end tax tips...
...credit has also been a fraudster's dream. A recent report from the Treasury Department's inspector general identified 167 suspected cases of fraud and was looking into more than 100,000 potential civil violations related to the tax credit. In one case, a 4-year-old child was able to claim the credit. (See the top 10 tax dodgers...
...domestic pressure from both his opponents in Hamas and within his Fatah party to break with the endless diplomacy with the U.S. and Israel that has brought the Palestinians very little, and has actually helped the more radical Hamas eclipse Fatah. That's why Fatah's leadership, at its recent congress aimed at revitalizing the movement, insisted that Abbas decline talks with Netanyahu before Israel agrees to a settlement freeze. (See pictures of life under Hamas in Gaza...
...rebalancing: the worst economic crisis since the Great Depression. The Chinese response to sharp declines in manufacturing and exports has been cheered for its effectiveness. Government stimulus spending and loose credit powered the country's economy to an 8.9% growth rate in the third quarter, and the most recent Purchasing Manager's Index (PMI), a widely watched gauge of economic sentiment released on Oct. 30, rose for the eighth straight month. It now shows "sustained expansion in industrial activity," says Jing Ulrich, managing director at JPMorgan in Hong Kong. At the same time, the U.S.-China economic relationship...