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...Although Britain has a strong arms and defense industry, environmentalists say a revolution in substitute fuels and renewables requires the backing of the U.S. military, whose procurement and R&D budgets dwarf those of other nations. (Last year, the U.S. Department of Defense spent $79 billion on internal R&D; the British armed services spent $4 billion.) And while the Department of Defense (DOD) has not formalized green technology into its strategic documents, it has sponsored numerous studies that call for it to wean itself off what it's dubbed "POL" - petroleum, oils and lubricants - in favor of alternative fuels...
...Gregg may not be correct and his point of view may make him an outlier. But there is no denying the fact that there has been almost no time spent in the Congressional conversation about what could happen to the budget if either the revenue or expense assumptions at the core of the Administration or CBO analyses are wrong by a substantial margin. The projections of GDP growth only have to be a percent or two too low for deficits to go up by hundreds of billions if not trillions of dollars over the next decade. Not a single page...
Constructing a strong framework around the shakier parts of the program was the key. To that end, Geithner spent the first part of the press conference talking about all the other programs he and the rest of the federal government have so far unveiled: help with housing, consumer loans and stabilizing banks balance sheets with direct infusions of cash. When he finally rolled out the toxic asset plan itself - in three separate parts - he carefully packaged the shakiest component with ones the market was more likely to have confidence...
...Tata Troubles While the company seeks to redefine the low end of the market, Tata Motors is struggling with its attempt to gate-crash the luxury-car segment. Last year, the Indian carmaker made auto-industry waves when it spent $2.3 billion to buy Ford Motor's lossmaking Jaguar and Land Rover (JLR) business. Since then, demand for luxury vehicles has tanked, sales of Tata Motors other models have softened, and the company faces a looming deadline to refinance $2 billion in loans for the JLR deal. "That's a major cash-flow crunch for them," Jajoo says. The company...
...hosts are likely to be either England or South Africa, officials say. A final decision could come as early as Monday. To keep the IPL in India, BCCI officials have spent weeks trying to win over state governments and launched a media blitzkrieg that equates holding the IPL with upholding the country's honor. But in the end nothing worked. "Because of the attitude of the government, that they are not ready to spare security forces for the cricket tournament ... We are forced to take the decision to move the event out of India," BCCI president Shashank Manohar told...