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...will the economic stimulus from the program spread? The 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...
...think Congress is going to be tempted to do it again? It will be wait and see for at least the next couple of weeks. If the auto-sales rate drops below expectations, there is always a chance Congress may come up with a similar or totally new stimulus idea, but that won't likely happen unless we experience another period of sustained sub-10 million level [in annual car sales], which I hope never happens again...
...trying to place the names of noncelebrities, recruiting more nerve cells and connections, racking their memory banks and recall centers. Significantly, in neither group did pictures of the brain designed to pick up structural changes associated with dementia, like signs of atrophy and dead neurons, show any differences - at least not yet. (Read "Can Language Skills Ward Off Alzheimer's? A Nuns' Study...
...chairman of the Foreign Relations Committee, he has stepped out overseas - and across the aisle in the Senate - to get things done. In a town where second acts are rare, Kerry, 65, has found a new groove. "I think," Republican Senator Richard Lugar of Indiana says, "at least as I have watched him, he does have a great deal more vigor and enthusiasm...
...vaunted reputation as the world's "Hermit Kingdom" - the ostensibly inscrutable nation that leaves the outside world guessing about what goes on inside its borders - North Korea can also be predictable. Since at least the early 1990s, Pyongyang's relations and level of engagement with its neighbors and with Washington have swung wildly from outright hostility toward rapprochement and back again. No matter how tense things get, Kim Jong Il (like his father Kim Il Sung before him) always steps back from the ledge and tries to re-engage...