Friday, August 09, 2013
Friday, April 19, 2013
Money Talking host Charlie Herman and WNYC contributor Rana Foroohar with Time magazine review what they’re reading this weekend.
Tuesday, October 25, 2011
Mitt Romney is making the Obama administration's support for two high-end green car companies a campaign issue.
"The Obama administration has shoveled $1 billion out the door to two California-based electric car manufacturers. Fisker Automotive got a $529 million loan from the Department of Energy; Tesla got $465 million," Romney penned in an op-ed in the Orange County Register.
Romney's op-ed follows a Center for Public Integrity/ABC News investigation into the loans. That investigation found production problems at the politically-connected high-end "green" car companies, Tesla and Fisker.
The facts present an opening for Romney, who writes:
"Fisker investors, including Al Gore himself, have donated more than $1 million to political campaigns – primarily Democrats. Tesla, for its part, has financial backing from a fundraiser who bundled hundreds of thousands of dollars for the President's campaign; Tesla's CEO is also a major Democratic donor who has poured money into Obama's campaign coffers."
But perhaps the most searing for the administration: "Tesla's next vehicle is expected to list for $57,400. Fisker's car, already a year behind schedule, will cost $97,000."
The Obama administration is defending the loans, saying they'll be used to create jobs in Delaware and California, not Finland, and that the funds are for mass-market sedans -- not high-end cars.
But the optics are bad. President Obama is busy on the trail promoting his image as a populist fighter for blue-collar auto workers. The last thing his administration wants is to be defending loans to well-connected European companies that produce high-end cars. Ouch, ouch, and ouch.
You can bet Romney keeps his rapier sharpened on this one.
Thursday, March 31, 2011
By Casey Miner
When you really think about it, you probably don't use your car all that much. You drive to work – then leave your car in the lot all day while you’re inside. Or you leave town for a few days – then don’t use your car for the next three weeks. Meanwhile, plenty of other people don’t have cars, but sometimes need them.
Three new companies in the San Francisco Bay Area – Getaround, RelayRides, and Spride Share – are trying to match those idle cars with people who want to drive them. Each model is a little different, but the basic idea is the same: when you’re not using your car, you can rent it out to anyone who needs it. And if you need a car? You can rent anything from your neighbor's station wagon to a brand-new Tesla Roadster.
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Wednesday, September 01, 2010
(Washington, DC - David Schultz, WAMU News) Car dealerships, as downtown businesses go, aren't great neighbors. They bring grease-stained service centers, and large, open asphalt lots to blocks. At night, they turn strips of development into dark, foot traffic-free areas. Adding something like that to Washington D.C. would be unthinkable, you might think. This city guards its scenic vistas and grand avenues like some grizzlies guard their cubs.
So then why is the D.C. Mayor's office not only supporting but also facilitating a car company's bid to open a dealership on K and 11th Streets NW - right in the heart of downtown D.C., just a few blocks from the White House?