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U.S. markets recover from steep losses
WASHINGTON, May 27 (UPI) -- U.S. drivers logged 11 billion fewer miles on the road in March compared with a year ago, the Department of Transportation said.
The decline continues a downward trend that began in November, a department report issued by the Federal Highway Administration said.
It is the first time miles driven on public roads declined in March since 1979.
It follows a "modest 1 billion mile" increase in the national odometer reading in February 2008 compared with February 2007.
The estimate comes from data collected at 4,000 automatic traffic recorders and includes an estimated reduction of 9 million tons of greenhouse emissions produced in the United States for the first quarter of 2008.
The decline also "underscores the challenges facing the Highway Trust Fund and its reliance on the federal gasoline excise tax," Acting Federal Highway Administrator Jim Ray said.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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