What Is An American Car?
Before "loaning"� billions more in taxpayer money to some very bad credit risks, simply because they are old American brands associated with Detroit, we might ask what distinguishes these companies from others.
The not-so-big three are certainly are no less global than, say, Honda. General Motors gets 44% of its revenue from other countries and Ford gets 53%, according to Forbes (April 21). A German company, Daimler-Benz, still owns a fifth of Chrysler, and a group of affluent private investors... full article
Recent Other Voices
China's Dubious Economic Miracle - Guy Sorman, City Journal
• • • • • • • • • Behind the statistics of economic...
The Coming Local Government Credit Crunch - Nicole Gelinas, Wall Street Journal
President Barack Obama's $3.6 trillion budget designates $36 billion for transportation...
The Inflation Danger - David C. Rose and Lawrence H. White, Forbes.com
Inflation is reigniting. The U.S. Bureau of Labor Statistics announced last week that consumer...
Macroegonomics - Virginia Postrel, Atlantic Monthly
Christina Romer, the head of President Obama’s Council of Economic Advisors, is a liberal...