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Friday, November 21, 2008
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Quote of the Day
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"All technology should be assumed guilty until proven innocent."
-- David Ross Brower
Daily News
Electric Car Battery Must Keep Going And Going
One of the buzzwords at the Los Angeles Auto Show is "electrification." It's a future where cars run solely on battery power. Paul Eisenstein of The Detroit Bureau, an independent auto news service, says that future is still a ways off. He tells Steve Inskeep that for electric cars to succeed, they'll need a battery that lasts for more than 100 miles before a recharge.
Will Credit Rating Agencies Be Monitored?
The G-20 last weekend committed to exercising strong oversight of credit rating agencies. Many of the financial instruments that are at the heart of the financial crisis had been given AAA ratings, meaning they were supposed to be of the highest quality. That turned out to be wrong. Will the G-20 declaration change anything?
Lending Stalls; Banks On Sidelines
Stock prices are at six-year lows. Over the past two days, the Dow Jones industrial average has lost more than 6 percent of its value. The $700 billion bailout was supposed to stabilize the financial industry and get banks lending again. But that hasn't happened yet.
Analysts: By 2025, U.S. Won't Be Top World Power
Top U.S. intelligence analysts have released a report on what they think the world could look like in 2025, if current trends continue. They predict that the U.S. probably won't be the dominant world power. Countries will be fighting over food, water, energy and other scarce resources. But there's some good news: Terrorism may wane.
Congress Gives Automakers Homework
Lawmakers are demanding that GM, Ford and Chrysler submit a plan for improvements before Congress will consider a $25 billion aid package for the auto industry. House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid say if there's a viable plan, Congress might return to work early next month for a vote. Some lawmakers wanted Congress to stay in session.