Fake Recovery through Cash for Clunkers

“US economic power is declining as a result of the financial crisis,” said the head of the World Bank Robert Zoellick. And continued saying: "One of the legacies of this crisis may be a recognition of changed...

How Green is the Cash for Clunkers?

The environmental gains achieved by getting clunkers off the road are small. There is a lot of hype surrounding the ‘cash for clunkers', which is a nice gimmick but only with transitory effects. Besides, just how...

Intel Hit With Record 1 Billion Euro Fine

The European Commission imposed a record 1.06 billion euros ($1.45 billion) fine on chipmaker Intel Corp on Wednesday and ordered it halt illegal rebates and other practices to squeeze out rival AMD."Intel has harmed millions of European consumers by deliberately acting to...

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