World Busines and Finance news

When most people look at really tiny cars they figure they must get really good fuel economy.

And when compared to trucks or family sedans, they do.

But subcompact and mini-cars — the likes of the Fiat 500 and Chevrolet Sonic — usually don’t get much, if any, better fuel economy than roomier compact cars.

For instance, at 33 miles per gallon, the most efficient version of the subcompact Chevrolet Sonic gets the same overall fuel economy as the larger Chevrolet Cruze Eco compact car. Other versions of those two models differ by only small amounts in combined city and highway driving. (Electric isn’t the only ‘green car’ solution)

Same for the teeny Hyundai Accent versus the larger Hyundai Elantra. Again, both get 33 mpg in combined city and highway driving. The subcompact Ford Fiesta actually does get better mileage than the compact Ford Focus. But the Focus, with 30% more horsepower and 43% more cargo space, gets beaten by just two miles per gallon.

It’s even true of hybrids. The tiny Prius C gets the same overall fuel economy (city and highway combined) as the larger Prius. Both are rated at 50 miles per gallon.

What gives?

Aerodynamics, mostly.

No matter how small it is, a car still has to hold people inside comfortably.

"You can shorten it up and make it narrower, but the height of a car can only be so small," said Scott Miller, director of mass, energy and aerodynamics at General Motors, which makes the Sonic and the even smaller Chevrolet Spark, due out soon.

That means that, once you get past compact car size — the size of an Elantra, Cruze or Focus — cars start looking like tall boxes on wheels payday loans.

That’s not the best shape for pushing through the air. Slightly larger cars allow designers to refine the shape to better control airflow around the vehicle. Small cars provide less sheet metal to work with.

"The ideal is a teardrop or a wing shape," said Miller. Short, stubby cars can’t even begin to approach a teardrop shape.

Detroit ready for a fuel efficient future

Small cars do have some fuel economy advantages, the biggest one being that they are, no surprise, lighter. There’s simply less car there which means less metal and less glass. It also means lighter suspension components and less need for heavy crash absorbing body parts since there’s less weight to control during an impact.

Very small cars often do beat bigger ones in city fuel economy where wind resistance is less of a factor. But their better performance in city driving, usually a mile or two per gallon, only balances out slightly poorer fuel economy in highway driving.

People don’t buy these very tiny cars just for fuel economy, though. For one thing, subcompacts and minicars usually cost thousands of dollars less than larger cars and they are easier to maneuver and park on crowded city streets.

There are some very, very, very small cars — like the Smart ForTwo and Scion iQ — in which city fuel economy is more than good enough to meaningfully overtake highway numbers. You’d just better not plan on taking any friends on your next roadtrip. 

Source

Filed under: money, online by Wolf
Comments Off

Another Japanese nuclear reactor was taken off line for maintenance on Monday, leaving the country with only one of its 54 reactors operational following last year’s devastating earthquake and tsunami.

The last reactor is expected to be shut down by early May, raising the possibility of power shortages across the nation as demand increases in the hot summer months.

The No. 6 reactor at the Kashiwazaki-Kariwa complex was taken off line early Monday by the Tokyo Electric Power Co. The utility also runs the plant in Fukushima, northeast of Tokyo, that suffered meltdowns, explosions and radiation leaks after the March 11 quake and tsunami.

Japanese reactors are taken off line every 13 months for regular checks. With concerns over nuclear safety high following the Fukushima crisis, none of the reactors that have been shut down for checks, and none that were already off line at the time of the disaster, have been allowed to restart.

The last reactor, on the northern island of Hokkaido, will be shut down in May. The timing for when any reactors will be restarted remains unclear.

Before the crisis, Japan depended on nuclear power for one-third of its electricity fast cash advance. Japan’s government wants to restart reactors as soon as “stress tests” prove they are safe, but faces strong public opposition. Local leaders, fearing a political backlash, are reluctant to give their approval.

Authorities have required all reactors to undergo the stress tests and make necessary modifications to improve safety. The stress tests, similar to those used in France and elsewhere in Europe, are designed to assess how well the plants can withstand earthquakes, tsunamis, storms, loss of power and other crises.

Prime Minister Yoshihiko Noda has promised to reduce Japan’s reliance on nuclear power over time and plans to lay out a new energy policy by the summer.

In the meantime, Japan has temporarily turned to oil and coal generation plants to make up for the shortfall, and businesses have been required to reduce electricity use to help with conservation efforts.

Source

Filed under: economics, money by Wolf
Comments Off

Sometimes you need a little distance to figure out what you really want.

After more than 20 years at the helm of Panera Bread Co., Ron Shaich stepped down as chief executive in May 2010, saying at the time he wanted to contribute to the broader world beyond the Sunset Hills-based chain of bakery-cafes.

Shaich continued as the company’s executive chairman, initially planning to spend a couple days a week on long-term strategic initiatives while his successor, Bill Moreton, managed the company’s affairs. At least, that was the plan.

But freed from the “burden” of the company’s day-to-day financial and corporate operations, Shaich said he quickly found himself re-energized and excited about helping to plot out the  future of Panera. And soon the part-time gig morphed into a full-time undertaking.

“This whole process for me personally — because I had never been without the company essentially since I was an adult — gave me a chance to choose this freely,” said Shaich, who lives outside of Boston, in a phone interview.

So this month, the company made it official and named Shaich, 58, to the position he formerly held: chief executive. This time he’s a co-CEO along with Moreton, 51.

It’s rare, but not unheard of, for companies to have co-CEOS. A smattering have that structure, including Chipotle and Whole Foods. And St. Louis-based Ralcorp Holdings had a similar arrangement until the end of last year.

While analysts say the company was in capable hands under Moreton, they have welcomed Shaich’s formal return and say the chain should benefit from the duo’s combined talents.

“The beauty is that he complements Bill Moreton so well,” said Christopher O’Cull, an analyst with Suntrust Robinson Humphrey.

Moreton, a former chief financial officer, is an “excellent operator and day-to-day manager” while Shaich, the mastermind behind Panera’s pay-what-you-want nonprofit cafes, is the “big picture guy” who brings lots of ideas to the table, he said.

Still, O’Cull said he was surprised to see Shaich return to the CEO spot.

“You don’t typically see that in the restaurant industry,” he said. “You don’t see two CEOs and you don’t see someone leave and come back, especially when the brand is doing so well.”

But he figures Shaich just felt he had more he could do with Panera, which operates locally as St. Louis Bread Co.

David Tarantino, an analyst with Robert W. Baird & Co., said Shaich’s new position seems to be more of a change in title than of responsibility since he continued to be very actively involved in the company.

“Panera is his passion,” Tarantino said. “Ron is certainly a strong visionary and has been a very visible leader who has produced excellent results over time.”

Those strong results, which have made Panera one of the best performing restaurant stocks in the last decade, have continued under Moreton’s leadership. Last year, the company’s total revenue rose 18 percent to $1.8 billion and profits jumped 22 percent to $136 million.

Shaich said his return to the CEO job really was just a way to formalize the working relationship that had evolved between Moreton and himself over the last year. So he said the two of them approached the board about making the change official.

“I was obviously sensitive to him,” Shaich said of Moreton, with whom he has worked for more than 10 years. “He’s been doing a wonderful job . . .We just felt — Bill and I — that this was the best way of giving voice to our partnership. And I felt able to make that commitment again.”

Besides, he added, no one knew what do with an “executive chairman.”

In a statement, Moreton said, “This is the kind of partnership with Ron that I’ve always wanted. It couldn’t be better for Panera and I personally couldn’t be happier.”

As president of Panera’s foundation, Shaich said he will also continue to be involved with the nonprofit cafes — Panera Cares — that he started around the country.

The foundation has converted three cafes to the nonprofit model, including one in Clayton, and plans to open an additional two to three this year.

As for his previous desires to do something outside of Panera, Shaich said he now feels fulfilled.

“In that context, I now feel very complete in that sense and essentially have chosen to apply my energies here,” he said. “I also recognize that I’m bound to this place. It’s part of me.”

Source

Filed under: legal, news by Wolf
Comments Off

President Obama stopped in Cushing, Okla., on Thursday to announce a fast-track approval process for a portion of the Keystone XL oil pipeline — although it’s not the part for which he’s taken political heat for blocking.

The portion likely to start construction soon runs from Cushing, a key repository of U.S. oil, to the Gulf Coast.

The full proposed pipeline, which would cross the U.S. border in Montana, is designed to bring between 500,000 to 700,000 barrels a day from the Canadian oil sands region to refineries on the Gulf Coast. It would shortcut to an existing pipe that goes through much of Canada before cutting into the United States in North Dakota on the way to Cushing.

Republican presidential candidates have used the rejection of the shortcut pipeline as a hammer when attacking the Obama administration over high gas prices. They also say the Keystone will create much needed jobs.

Here are three facts about what the decision will and won’t mean.

This is not a flip-flop by Obama: Even when Obama blocked the full Keystone project earlier this year, he said he was in favor of this Cushing-to-Gulf portion. And that is the only portion he is backing now.

Approval of this southern part of the pipeline is not really the Obama administration’s call. The northern portion of the pipeline needs administration approval because it would cross the Canadian border.

Rising gas prices aren’t as bad as you think

The Cushing-to-Gulf segment is much more of a local issue. So Thursday’s announcement is more theater than substance.

"This is pretty routine, but the politics are clear here," said Bob Tippee, editor of Oil & Gas Journal, an industry trade publication.

Environmental groups oppose even this portion of the pipeline since they don’t like anything that increases production of oil from oil sands.

But compared to the other portion of pipeline, which stirred concerns of Nebraskans worried about underground water supplies, the Cushing-to-Gulf pipeline is relatively non-controversial. More than 99% of property owners where the pipeline will run agree to it.

Gas prices might go up, not down: Right now, a lot of oil being produced in Canada and North Dakota has trouble reaching the refineries and terminals on the Gulf instant payday loan. Since that supply can’t be sold abroad, it reduces the competition for it to Midwest refineries that can pay lower prices to get it.

Giving the Canadian oil access to the Gulf means the glut in the Midwest goes away, making it more expensive for the region.

"The price that refineries on the coasts have been paying is around $120 a barrel for months, while you had $75 to $80 a barrel crude available in the Rockies and Midwest," said Tom Kloza, chief oil analyst at the Oil Price Information Service.

Much of the difference in gas prices between states is due to gas taxes, not cost. But Kloza said that the center of the country might have benefited by up to 25 cents a gallon in what they were paying for gas because of the glut of oil around Cushing.

The full pipeline would increase the capacity of oil flowing from Canada’s oil sands into the broader global market by up to 700,000 barrels a day, according to advocates. But adding even the 700,000 barrels to more than 90 million barrels worldwide will have limited long-term impact on prices, especially amid worries about what might happen with Iran production.

"In the current market, people are so worried about the loss of 3.5 million barrels from Iran, that 500,000 to 700,000 barrels isn’t enough to calm the markets," said Tippee.

The impact on jobs will be minimal: The Republican supporters of the pipeline have argued Keystone will create much needed jobs.

Speculators are driving up gas prices — opinion

But even though this southern portion of the pipeline is relatively "shovel ready," the impact on unemployment will be minimal. Even TransCanada says it will create about 4,000 jobs, mostly temporary construction work. That comes to less than 2% of the nation’s overall monthly job gain in recent months.

If the full pipeline got the green light, it would create 13,000 construction jobs and 7,000 jobs making equipment such as pump houses and the pipe itself, according to the company.

Pipeline critics dispute even those job estimates. 

Source

Filed under: mortgage, student loans by Wolf
Comments Off

Kraft Foods Inc. announced Wednesday that its new global snacks company will be named Mondelez International Inc.

Mondelez was inspired by the suggestions of two Kraft employees. It is intended to evoke the idea of a “delicious world” as “monde” is derived from the Latin word for “world” and “delez” as an expression of “delicious.”

Kraft announced in August that it would be splitting in two by the end of 2012 so both sides of the business could focus better on their priorities.

The North American grocery business will continue to carry the company name as Kraft Foods Group Inc., selling products such as Maxwell House coffee and Oscar Mayer meats. Its larger global snacks business will take on the new name creation to sell Trident gum and Cadbury chocolates in fast-growing countries worldwide.

Kraft said it asked employees from around the world to suggest names for the new company easy payday loans. More than 1,000 employees submitted more than 1,700 names for consideration. Mondelez International is a mix of suggestions from two employees _ one in Europe and one in North America.

The company’s shareholders will have to approve the name at a meeting in May.

If approved, the name will take effect before the end of the year. The company has also reserved the stock symbol “MDLZ” for trading under the new name. The new stock symbol for its grocery business will be revealed at a later date.

Kraft, based in Northfield, Ill., is one of the world’s largest food makers. Its shares fell 14 cents to $38.21 in midmorning trading.

Source

Filed under: business, uk by Wolf
Comments Off

Eager to draw a contrast with President Barack Obama on taxes and spending, Republicans controlling the House are releasing on Tuesday an election-year budget plan that would impose sharp cuts on many programs in hopes of taming trillion dollar-plus deficits, but would still fail to reach balance over the coming decade.

Republicans are expected to again propose politically sensitive curbs on Medicare _ though less dramatic than last year’s plan _ and they’re already rewriting last year’s budget pact with Obama to cut domestic agency budgets.

The resulting political battle is sure to spill beyond the Capital Beltway into the presidential campaign and contests for control of the House and Senate this fall. As if to underscore that reality, House Budget Committee chairman Paul Ryan, R-Wis., released a campaign-style video Monday evening telling viewers that “Americans have a choice to make” in a none-too-subtle appeal to voters.

“It’s up to the people to demand from their government a better budget, a better plan, and a choice between two futures,” Ryan said. “The question is: Which future will we choose?”

The House budget panel is slated to debate and vote on the measure Wednesday in hopes of a vote by the full House next week.

Just as Obama’s budget was dead on arrival last month with Capitol Hill Republicans, the House GOP plan is a nonstarter with Democrats controlling the Senate.

On Monday, two powerful Senate committee chairmen sent top House GOP leaders a letter protesting a GOP plan to cut agency operating budgets funded annually by Congress below levels negotiated last summer paperless payday loans. Instead of going with a $1.047 trillion cap on agency budgets, as called for under last summer’s debt and budget pact, the House panel is looking at cutting domestic agencies by $19 billion more.

Senate Budget Committee Chairman Kent Conrad, D-N.D., and Appropriations Committee Chairman Daniel Inouye, D-Hawaii, warned that breaking the agreement only guarantees delays later this year and “represents a breach of faith that will make it more difficult to negotiate future agreements.”

Republicans also say the measure will include special instructions to House committees to scrub the programs under their jurisdiction for savings that could be used to forestall about $100 billion in across-the-board spending cuts set to take effect in January.

Those cuts, including $55 billion from defense accounts, are punishment for the failure of last year’s supercommittee to come up with a new package of $1.2 trillion in deficit cuts over the next decade as part of the deal to let the government keep borrowing.

The GOP plan would bundle the new cuts from various committees and try to pass them as early as this spring. They might include various proposals discussed by the supercommittee, including curbs on federal employee pensions and new steps to prevent illegal immigrants from claiming the refundable child tax credit.

Source

Filed under: business, money by Wolf
Comments Off

Most Latin American nations, in the event of another global crisis, are in worse shape than in 2007 as a result of lower budget surpluses before interest payments, the Inter-American Development Bank said.

Mexico, Chile, Colombia and the Dominican Republic are among nations less prepared to face a potential crisis, the IDB said in a report released at the bank

Filed under: legal, term by Wolf
Comments Off

Stock markets ran out of steam Friday after a closely watched U.S. survey of consumer confidence reinforced concerns over the impact of rising oil prices.

In its monthly survey, the University of Michigan said its main index of consumer confidence unexpectedly fell to 74.3 in March from 75.3 in February, in a sign that households may be getting increasingly cautious over the increase in gas prices at the pump.

Given that the U.S. consumer accounts for around 70 percent of the U.S. economy, the survey served to keep the recent optimism in check especially at a time when oil prices are elevated on concerns over Iran’s nuclear program.

“This is another piece of evidence that supports the view that the economy is growing only modestly and that there are no signs of acceleration in the stars,” said Andrew Wilkinson, chief economic strategist at Miller Tabak & Co.

In recent weeks, stocks have rallied on the combination of upbeat U.S. economic data and a more benign European debt backdrop despite some unease over the rise in the price of oil, which could cloud the investment picture by threatening the global recovery. Many of the world’s major indexes are trading at multi-month highs. On Wall Street, the Standard & Poor’s 500 index closed Thursday above 1,400 for the first time since May 2008.

But the consumer confidence figures acted to keep a lid on that optimism Friday.

In Europe, the FTSE 100 index of leading British shares was up 0.42 percent at 5,965 while the CAC-40 in France rose 0.41 percent to 3,594. Germany’s DAX was 0.1 percent higher too at 7,157.

In the U.S., the Dow Jones industrial average and the broader S&P 500 were broadly flat at 13,252 and 1,404, respectively.

The euro was outperforming the dollar as the U.S. currency has garnered support in recent days from the run of strong U.S. data. The euro was trading 0.7 percent higher at $1.3175.

Rising oil prices are a growing concern in the markets as they stoke inflation worries as well as potentially derailing the recovery picture.

“There are concerns, however that this recovery in equity markets could start to stall and tail off if oil prices, the lifeblood of any economy, continue to rise at their current pace and kill off demand,” said Michael Hewson, markets analyst at CMC Markets.

On Thursday, oil prices oscillated wildly, with the benchmark New York rate dropping around $3 a barrel at one stage on reports that the U.S. and Britain had agreed to release spare supplies of oil in an effort to drive fuel prices lower. However, White House press secretary Jay Carney said there was no plan to release supplies and oil prices recovered much of their losses and are currently trading around the $106 a barrel mark.

Earlier in Asia, Asian shares took a breather following a strong run earlier this week.

Japan’s Nikkei 225 index closed slightly higher at 10,129.83 after morning profit-taking sent the benchmark into negative territory. The Nikkei has clocked a week of gains largely due to the yen’s retreat from record highs against the dollar. The dollar was up a further 0.2 percent on the day at 83.73 yen.

Mainland Chinese shares advanced with the benchmark Shanghai Composite Index gaining 1.3 percent to 2,404.74. Hong Kong’s Hang Seng fell 0.2 percent to 21,317.85 and South Korea’s Kospi dropped 0.5 percent to 2,034.44.

____

Pamela Sampson in Bangkok contributed to this report.

Source

Filed under: business, management by Wolf
Comments Off

The U.S. economy is recovering “pretty well” and trying to juice it up by allowing a little extra inflation would be disastrous, Paul Volcker, the former Federal Reserve chairman known for successfully reining in double-digit inflation, said on Wednesday.

“I think that is kind of a doomsday scenario,” Volcker told an economic summit when asked if the Fed should foster higher inflation to stimulate faster growth.

Higher inflation would backfire by causing interest rates to rise. “You are not going to get any stimulus and you are going to make it much harder to restore price stability,” Volcker told the Atlantic magazine conference.

Some economists have speculated that the Federal Reserve might allow inflation to exceed the central bank’s 2 percent target in an attempt to lower the unemployment rate, still stubbornly high at 8.3 percent.

Volcker, famed for pushing up interest rates into double digits in the early 1980s to tame inflation, would not comment directly on current Fed policy.

But he said a “debt tsunami” that hit the financial system in 2008 did huge amounts of damage, and there are no magic bullets for cleaning up that damage quickly.

“We have an economy that needs support. We are doing that with extreme fiscal policy. We are doing that with extreme monetary policy,” Volcker said.

Once the economy is on a sounder footing, he expressed confidence that the Fed will face no difficulty in shrinking its balance sheet without causing disruptions. “They do not in my judgment present a technical problem,” he said.

More difficult will be for the Fed to decide when is the correct time to start tightening policy and raising rates - something that is not a new problem for monetary policymakers. “They are likely not to be widely welcomed in the political environment. But that is what central banks have to do,” Volcker said.

While there are no quick fixes for a severely damaged economy, the former Fed chairman said progress is being made.

“All things considered, I think we are doing pretty well,” Volcker said. “Unemployment is coming down, but we can’t ask for more than the economy can produce in the short run because we haven’t eliminated the overhang of housing, and the enormous debt is still there.”

The biggest challenge now facing politicians and policymakers is to return the United States onto a sustainable fiscal trajectory, he said.

Former U.S. Treasury Secretary Robert Rubin shared that view, warning that failure to agree upon a deficit reduction plan after the November elections would risk serious market upheaval, in which debt yields would rise and the currency plunge.

“Markets can change dramatically, and it is almost instantaneously with no notice, which is why it is imperative we act,” Rubin said.

At the same time, he counseled a careful approach to deficit reduction. Recent economic numbers have been “good”, Rubin said, but the U.S. economy still faces significant headwinds - from the euro zone crisis and the U.S. fiscal challenges.

Allowing tax cuts to expire at the end of 2012 and proceeding with deep federal spending cuts would cut 4 percent to 5 percent from GDP growth, which would have “enormous, enormous consequences for the economy,” he said.

Read more

Filed under: online, student loans by Wolf
Comments Off

The Senate is ready to pass long-delayed legislation overhauling America’s highway and transit systems, with lawmakers steering past partisan fights that have kept it sidelined.

The measure, now set for a floor vote Tuesday, would give states more flexibility in how they spend federal money and would step up the pace of road construction by shortening environmental reviews. Even the measure’s sponsors _ California Democrat Barbara Boxer and Oklahoma Republican James Inhofe _ come from opposite political poles. Passage would provide a rare display of bipartisan deal-making between the parties in a bitterly partisan election year.

We are hopeful this will become a template for all of us in the Senate and the House to find the sweet spot where we can work together,” Boxer said. She said the Senate’s bipartisan success should be a lesson for House Republican leaders, whose efforts to pass their own bill without concessions to Democrats have fallen apart.

Nearly 20 amendments _ including proposals to put toll booths on interstate highways, provide tax credits for alternative energy, and tighten requirements that highways and bridges be constructed using domestic goods and labor _ were slated to be voted on in an all-day marathon of Senate voting.

The first _ an amendment that would have allowed states to keep nearly all of the federal gas taxes collected within their borders, thus depriving federal highway and transit programs of most of their funds _ was soundly rejected.

The overall bill would spend $109 billion over less than two years. That’s far below the level of spending that two congressional commissions have said will be needed if the U.S. is to maintain its aging roads and bridges and bus and train systems and expand the national transportation network to meet population growth between now and 2050. Transportation Secretary Ray LaHood has described the nation’s roads as “one big pothole.”

Senate Democrats have been pitching the measure as a jobs bill, predicting it would preserve or create nearly 3 million jobs. But economists say it’s unlikely the bill would create any more jobs than would be created by the same amount of money spent on something else.

The bill would increase the flow of highway aid to states by adjusting current spending levels to take into account inflation over the past several years. States would have greater discretion over how to spend the money, but the bill also would create a new regime of performance and project eligibility requirements aimed at preventing waste and making sure national goals are met.

A credit assistance program that helps leverage private investment for transportation projects of national and regional significance would be increased tenfold to $1 billion. In the past, the program has been able to generate as much as $30 in private capital for every $1 in aid, Boxer has said.

The measure also would reduce the number of federal transportation programs by roughly two-thirds in an effort to eliminate duplication. Bicycle, pedestrian, safe routes to schools and rails-to-trails programs _ which were targeted by Republicans _ were preserved by moving them into a larger congestion mitigation program where they would have to compete with other programs for money.

Safety measures in the bill would toughen regulation of the long-distance and tour bus industries, including setting deadlines for government requirements that buses have seat belts, improved roof strength, anti-ejection window glazing and rollover crash avoidance systems. The bus industry transports about 750 million passengers a year, roughly the same as the domestic airline industry.

One thing the bill doesn’t do is resolve how to keep the Federal Highway Trust Fund solvent beyond next year. The fund pays for highway and transit programs, but revenues have declined while spending has remained the same. The largest source of money for the fund is federal fuel taxes: 18.4 cents a gallon for gasoline and 24.4 cents a gallon for diesel. Revenue from those taxes has been lower since the economic downturn in 2008 and because the fuel efficiency of cars and trucks is increasing.

The bill would pay for highway programs through a combination of fuel taxes, cuts to other federal programs and tax changes, but also would drain the trust fund. Some senators have been critical of the provisions that are supposed to pay for transportation programs since they would raise about $10 billion over 10 years, but spend it in the first two years.

The highway bill “is so popular that members on both sides of the aisle are willing to kick the can down the road,” Sen. Bob Corker, R-Tenn., said. “I think the American people understand that passing a bill that spends money over two years and tries to recoup it over a 10-year period is a highway to insolvency.”

Lawmakers are under pressure to act quickly. The government’s authority to raise money through fuel taxes and spend money from the trust fund expires March 31. The fu el taxes raise about $110 million a day for the government.

In the House, Speaker John Boehner, R-Ohio, made a five-year transportation bill the election-year centerpiece of the GOP’s jobs agenda last fall when he unveiled its broad outlines. Unable to corral enough votes for passage of the GOP measure, Boehner said last week that he plans to bring the Senate bill to the House floor for a vote. But that could change when the House returns from a weeklong recess next week if GOP leaders are able to snare enough votes for their own measure.

Source

Filed under: business, technology by Wolf
Comments Off