A new fiscal treaty has alleviated the air of crisis in the European Union, but with unemployment at a 10-year high and austerity measures intensifying the economic slowdown, leaders aren't quite sure how to reconcile the need to stimulate growth with the discipline required by the new pact.
General Motors will suspend production of its Chevrolet Volt for five weeks, due to disappointing sales figures. GM spokesman Chris Lee said the move will "align production with demand." GM sold 7,671 Volts last year, below its original goal of 10,000 cars.
Until this week, Andrew Schiff's personal finances were his own personal business. But that changed when he was featured in an article about how smaller bonuses are leaving Wall Street workers strapped for cash. "I didn't want to be a poster child for greed," he says.
A new contract for the city's hotel workers includes higher wages, health care benefits and pensions. And at a time when labor negotiations often involve drawn out and sometimes bitter fights, the contract was agreed upon early.
With gasoline prices on the rise and pressure mounting to make better use of domestic energy, natural gas vehicles are making a comeback. Climate change is also driving demand — natural gas produces 20 to 30 percent fewer carbon emissions than diesel.
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