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AlphaNinja
Nov 17
Comment
First off, I love that Cray still refers to themselves as the "
Global supercomputer leader." Forget a clinical, technical name like "high-performance computing experts," or "memory-intensive research device" etc. Just go with SUPERCOMPUTER....
MarketWatch
Nov 16
Comment
U.S. businesses reduced their inventories for the 13th consecutive month in September, but business sales also declined, stalling the progress companies had made toward normalizing their stockpiles. Inventories fell 0.4% in September, while sales...
The Mess That Greenspan Made
Nov 16
Comment
The Census Bureau reported a big increase in retail sales during the month of October paced by a 7.4 percent gain in automobile sales, a bounce-back from the September plunge in car sales after the Cash for Clunkers program ended.
Overall retail...
MarketWatch
Nov 16
Comment
U.S. retail sales increased a seasonally adjusted 1.4% in October, led by a rebound in auto sales, the Commerce Department estimated Monday. Excluding the 7.4% increase in auto sales, retail sales rose 0.2% in October. Auto sales had plunged 14.3%...
Clusterstock
Nov 13
Comment
The whole notion of a "second stimulus" is kind of a joke, since, as The Daily Bail helpfully points out, we've actually had something like 15 stimuli.
Yes, there was the one big spending bill known as the stimulus, but then you have the AIG...
Metal Bulletin
Nov 10
Comment
The federal ?Cash for Clunkers? incentive program did indeed spark light vehicle sales in July and August, and all but 3,000 to 5,000 vehicles would not have been traded in without the rebates, according to a study by Ball State University?s...
The Economist
Nov 9
Comment
Meet the new truck, same as the old truck
SOMETIMES when you try to kill two birds with one stone, you miss both birds and break your neighbour's window. Here's a look at how Cash for Clunkers fared at getting...
Clusterstock
Nov 9
Comment
U.S. economists have shown that faulty U.S. gross domestic product (GDP) calculations could be overstating the strength of U.S. growth.
For example, the third quarter's 3.5% growth might actually have been only 3.3%, before even adjusting out...
FX Street
Nov 6
Comment
To close out the third quarter, wholesalers drew down inventory at a slightly slower 0.9 percent pace. Sales improved 0.7 percent, slower than the prior month primarily due to the expiration of cash-for-clunkers. Sales Improved as Inventory...
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Cash for Clunkers (also known as Car Allowance Rebate System) was a $3 billion U.S. federal scrappage intended to replace older vehicles with new ones that use less fuel, are safer and pollute less. The program officially started on July 1 2009 and ended on August 24 2009 due to lack of resources. The goal of the program was to give the struggling auto industry a sales boost. [1] On 26 Aug 2009, The program managed to replace 700,000 cars with far more fuel efficient vehicles. The rebate applications were worth $2.877 billion. [2]
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