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...briefly outline how you met and how your relationship developed? We met through business. I was chief financial officer for Hadassah, and we had a donor from France whose contingency of the gift he was giving, $7 million, was that Bernie had to be the person who handled the investment. That's how we met and how Bernie was introduced to Hadassah...
...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, the impact also has a short life expectancy. Once the program is over, the impact is pretty much over as well...
...said that, there will be a natural decline in new-vehicle sales for the rest of the year when compared to August levels unless we see a new stimulus or record manufacturer incentives. Without those stimulants, we'll go back to the preclunker levels of about 10 to 11 million annual vehicle sales...
...pass, the effort reflects the impatience many communities have with the banks they believe helped lure them into the housing horror. And it echoes the Obama Administration's exasperation. Treasury Secretary Timothy Geithner recently chided banks for their poor loan-modification performance: so far only 9% of the 3 million-plus at-risk mortgagees have received relief, like rate or principal reductions to reduce monthly payments, despite the federal Making Home Affordable Program. This year MHA made $75 billion available to the nation's 38 major home lenders for that express purpose. (Read "Is Florida the Sunset State...
...growing number of non-Japanese who live in Japan are decidedly not lovin' Mr. James. In a country known for its small foreign-born population - only 1.5% of 127 million - and restrictive immigration and naturalization policies, the new envoy for McDonald's Japan is creating a stir among non-Japanese residents. (See pictures of Super Bowl entertainment...