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U.S. markets recover from steep losses
WASHINGTON, Oct. 22 (UPI) -- Setting up rules for the $25 billion federal loan recently earmarked for the U.S. automobile industry may take months, government officials said.
Due to bureaucratic delays, the money may not be available for a year, The Washington Post reported Wednesday.
Both presidential candidates, Democratic Sen. Barack Obama of Illinois and Republican Sen. John McCain of Arizona have urged the government to fast-track the process to help the companies that are struggling to adjust to the slow economy and the consumer's sudden interest in more fuel-efficient vehicles.
"I would call in the Secretary of Energy and say 'get this thing moving' because these companies need help now," Obama said in a rally in Ohio last week.
"It's critical to have a direct loan program, and it's equally important to infuse that money into the industry as quickly as possible," General Motors spokesman Greg Martin said.
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WASHINGTON, May 24 (UPI) --
Louisiana legislators were praised by a consortium of environmental groups for outlining a 50-year plan to protect the coastal ecosystem.
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WASHINGTON, May 24 (UPI) --
Australia is seeking to upgrade its F/A-18F fighter aircraft to the "G" configuration, the U.S. Defense Security Cooperation Agency said.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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