Word: united states
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...economic impact of the program is significant but short-lived. If we assume an average selling price of $25,000 for the program, and total unit sales of 700,000, the cash-for-clunkers program generated at least $17.5 billion of economic activity, not including incremental sales of additional products, such as extended warranties, alarm systems and financing revenue for the dealerships - as well as roughly $875 million in sales-tax revenue for state governments. When we add in the fiscal multiplier effect, the net impact of the program was easily north of $25 billion - if not much higher. However...
...avoids federal intervention and the CDCR's current proposal is adopted, mandated state budget cuts will force the department to cut half of the already depleted programs for rehabilitation, substance abuse and vocational training. That would spell disaster, according to Woodford. "We release 10,000 [prisoners] a month now and in that 10,000 very few have been involved in anything to improve who they are as human beings. That should scare us. And in that 10,000 are some very violent people that left a lockup unit like Pelican Bay [to go] right back to the streets - that should...
...prospects any harm. While Barclays and HSBC have both benefited from taxpayer loans or guarantees - part of a $2 trillion package of state and central-bank aid doled out to Britain's lenders - both "have worked hard on their balance sheets," says Simon Maughan, a banking analyst at MF Global brokerage in London. Having tapped Middle East investors last year in an effort to bolster its capital base, Barclays agreed in June to sell the investment unit BGI to U.S. fund manager BlackRock for $13 billion. HSBC, for its part, pulled in close to $18 billion in a bumper-rights...
...François Mitterrand's sherpa during the 1980s. After taking control of the key state-owned nuclear companies, she merged them to create Areva eight years ago. Her early success in convincing foreign clients that nuclear was the power source of the future earned her a remarkable degree of independence from political meddling. "If you look at what she's done since taking her job, you realize Anne Lauvergeon had the drive, creativity and vision to assemble all these parts into a single unit to be ready for a nuclear renaissance that she saw coming," says Ben Elias, research...
...hampered by unrealistic planning, a lack of coordination between the military and diplomatic corps and the absence of a clearly defined mission. The report says Britain's goal of fighting terrorists has been diluted by the competing aims of counterinsurgency, counternarcotics, protection of human rights and state-building. (See pictures of a British unit in Afghanistan...