*Lexus imports cars from Japan for China market. Unlike German peers Audi, Volkswagen AG's luxury division and BMW, Lexus imports all of its vehicles sold in China, from Japan. But high tariffs charged on imported cars make it hard to generate volume and last year, Lexus sold around a seventh of Audi's tally and a fifth of what BMW sold in China.» Read More
California is about to embark on its biggest infrastructure project in decades, a project that isn't fully funded, where predictions of profitability are being questioned, and which depends largely on the American taxpayer.
The Bank of Nova Scotia is sometimes praised for having a nearly perfect record with its investments in the United States. But it is the only one of Canada’s five large banks that has largely avoided the American market, the New York Times reports.
The European Central Bank increased its intervention in government bond markets last week, indicating that the euro’s monetary guardian remained wary of an escalation of the eurozone debt crisis, reports the Financial Times.
As the Federal Reserve debates whether to scale back, continue or expand its $600 billion effort to nurse the economic recovery, four men will have a newly prominent role in influencing the central bank’s path, the New York Times reports.
Should homeowners be foreclosed upon en masse, or should banks work with them to reduce the loans to levels that homeowners can manage? The New York Times reports.
Eighteen months after the recession officially ended, the government’s latest measures to bolster the economy have led many forecasters and policy makers to express new optimism that the recovery will gain substantial momentum in 2011, the New York Times reports.
Three key players, President Obama, Rep. Paul Ryan, and Sen. Kent Conrad, each have the responsibility of presenting a budget early next year. If these three men decide not to turn back, the era of deficit denial will indeed be over.
As the Baby Boomers age out of their premium tax paying years, Generation X ages in. Is shifting demography moving the United States closer and closer to a federal, state, and municipal tax crisis?
With Democrats achieving their major victories in Congress by party-line votes, the next session could see more partisan animosity. The New York Times reports.
The president celebrated a bipartisan "season of progress' on Thursday at a year-end news conference a few hours after the Senate ratified an arms control treaty with Russia.
This one thing could derail his entire outlook for the coming year.
For the moment, price tag and paycheck don't matter when it comes to providing tax credits to buyers of hybrid cars. Several luxury brands qualify for credits worth thousands of dollars, but only if drivers buy before the end of the year.
Stephen A. Schwarzman, the chief executive of the Blackstone Group, is Paris-bound. Mr. Schwarzman will spend the next four to six months in France working on international opportunities for Blackstone. The New York Times reports.
The newly elected Congress needs to “get to work” to solve some of the country’s biggest problems or the American people will throw them out in two years, GOP Sen.-Elect Rob Portman of Ohio told CNBC Wednesday.
With the new tax cuts, rating agencies should downgrade U.S. government debt to junk.
Why has Britain managed to boldly go into fiscal territory which the US has hitherto ducked? That is the $800 billion question hanging in the air in New York this weekend, after George Osborne, chancellor, visited the city. The FT reports.
Part of the administration’s strategy has been to ramp up border and workplace enforcement to attract Republican votes for the overhaul. The vote on Saturday made it clear that strategy has not succeeded so far. The New York Times reports.
The Senate voted to strike down the ban on gay men and lesbians serving openly in the military. The New York Times reports.
The collapse of a government-wide spending package in the final days of this Congressional session sets up a politically charged fiscal showdown early next year, testing the determination of Republicans, the New York Times reports.
Many see the S&P 500 scoring double-digit gains next year, finishing at 1400 or higher, because of a better economy, better earnings, better tone from Washington, and a better case for equities versus bonds.
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