- The confirmation hearings of Supreme Court nominee Sonia Sotomayor begin today in the Senate Judiciary Committee.
- The secret CIA program at the heart of Leon Panetta's testimony may have been efforts to capture Al-Qaeda heads after 9/11.
- Some dealers are embracing the Obama "Cash for Clunkers" program, but others want to see the fine print -- and the money-- first.
- The Chicago Cubs may become the first major league team to file for bankruptcy in nearly 40 years.
- Sprint announced that Ericsson will take over management of its cell phone network in the US.
Monday, July 13, 2009
StupidiNews!
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1 comment:
On your section of Cash for Clunkers:
Car dealers are increasing prices for good MPG cars because of the increased demand (artificial) from the cash for clunkers program. Not being critical, but it is basic supply/demand economics.
With the price increases, some markets will will give consumers no net benefit. It is poorly written legislation. Especially since the turned in cars will have a trade-in value equal to the scrap metal -- because all cars under this program must be taken off the road.
So some cars that qualify, may actually be worth more than the redemable voucher. Especially in down-turn economy, since the value of your car increases because more people tend to purchase pre-owned.
I don't qualify for cash for clunkers because my car already gets good gas mileage. But my dad swears by the car buying process here:
http://tinyurl.com/laub3m
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