Word: savings
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Dates: during 2000-2009
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German Chancellor Angela Merkel's race to save automaker Opel - and the jobs of its 25,000 employees in Germany - is beginning to look like a high-speed pileup that could cost her at the polls...
...pounds for a coupon good at the local farm stand. Roads and bridges crumbling? Why bother allocating $27 billion in stimulus money when we could pay people to reroute or, better yet, stay home? California plans on releasing at least 37,000 inmates to ease prison overcrowding and save $1 billion. It costs $27,000 a year to keep someone in jail. It would be much more efficient to pay thieves not to steal in the first place...
...this the essential paradox of the age of Obama, that we have to destroy the village in order to save it, bust the budget in hopes we'll someday balance it, play to self-interest to promote the national interest? Just as the Cash for Clunkers frenzy reached its peak, the Administration quietly released new deficit projections, which pointed to a $9 trillion gap over 10 years. In the middle of a national nervous breakdown over out-of-control spending, we took a summer break from puritanical fretting and got all excited about a federal subsidy for something we already...
...will probably drive up the price of used cars for poor people who need them and will have only a marginal effect on the long-term prospects of the auto industry. Subsidies don't so much increase demand as kidnap it, inspire people to take the money they were saving for a new fridge and apply it to a pickup instead. As for the environmental benefit, the new fleet will save about 160 million gal. of gasoline a year--which sounds awfully good, except that we use 378 million...
...Where China's industrial wastelands symbolize its present and past, Baigong may be a tiny herald of the future: its streetlights are solar-powered under a program by Li's One Foundation and the nonprofit Climate Group, which Blair helped launch. "If all Chinese cities had these, we could save a lot of power," said Li. "And also provide a lot of employment," chimed in Blair.(See "10 Next Generation Green Techologies...