Some auto executives say customers may not be ready for hybrids yet, but now it's time for the car companies to lead them there. For companies to meet new rules that will nearly double average fuel economy by 2025, hybrids will have to play a much bigger role than they do now.
John Timmons recently closed ear X-tacy, a record store he'd owned for 26 years. "People have priorities, and music is just not a top priority right now. That's what's really taken its toll on us," he says. Now, Timmons has to figure out what to do with the rest of his life.
Former Massachusetts Gov. Mitt Romney has promised to take a hard line against China on trade issues. He's not alone. In 2008, then-candidate Barack Obama made a similar threat. But, experts say, there's a big gap between confrontational campaign rhetoric and action.
The retailer's prepaid debit card is catching on with people who've been burned by extra charges at big banks. The card costs a flat $3 a month and doesn't allow overdrafts. Banks have lobbied against Wal-Mart's entrance into the financial sector, but "their worst fears came true," one analyst says.
Healthpoint Services says it has a business model that will not only help the world's low-income populations — but also make a profit. Based in India, the company offers patients videoconferences with doctors, cheap diagnostic tests and clean water. And it hopes to spawn imitators as it proves it can be profitable.
After being dragged down by the congressional debate over whether to raise the debt ceiling last summer, the president remained largely silent on the supercommittee. Though the GOP has criticized the president for what they call "failed leadership," it's unclear whether his immediate involvement would have been helpful.
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