- 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.
If all printers were determined not to print anything till they were sure it would offend nobody, there would be very little printed. -- Benjamin Franklin
On your section of Cash for Clunkers:
ReplyDeleteCar 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