By Rand Paul
Obama acts as though we no longer have a Constitution
Independent voices from the TWT Communities
The Treasury Department said Monday that it was preparing the ground to sell the rest of its stock in General Motors Co., but taxpayers could take a hefty loss.
China appears to be at a tipping point where surging domestic auto sales will soon drive it past the U.S. and turn it into the world's biggest oil importer, taking a title that distinguished -- and some might say hobbled -- the U.S. for decades.
Tim Geithner is jumping from U.S. Treasury Secretary to the Council on Foreign Relations, as distinguished fellow based in New York, starting later this month.
Toyota has recalled more than a million cars around the world because of defects with the air bags and windshield wipers, according to media reports.
U.S. sales of previously occupied homes dipped in December from November, in part because of a limited supply of available homes. But for all of 2012, sales rose to their highest level in five years.
"I think that it looks more futuristic, and having a car that is more futuristic ... is what everybody's looking for."
It's not wise to Google the nearest gas station, compose email, or use your smartphone to check the latest sports scores while driving. But many Americans do.
Googling the nearest gas station, sending email from your smartphone, or booking a table at a restaurant: Those are all things you shouldn't do while driving. But so many drivers have grown accustomed to their on-the-go tasks that automakers are increasingly trying to make those things easier to pull off with both hands on the wheel and both eyes on the road.
A timeline of key events in the fall and revival of General Motors Co.
Superstorm Sandy gave an extra boost to already strong U.S. auto sales last month, although carmakers warned that uncertainty over the "fiscal cliff" could undo some of those gains.
General Motors is boosting its cash with $11 billion in new credit lines, a move that could mean the automaker is preparing to buy back its shares from the federal government dating back to the 2009 bailout.
Toyota's quarterly profit tripled, driven by a recovery from natural disasters, and the company raised its full-year earnings forecast Monday despite a sales slump in China.
And the winner is ... Japan.
Panama's government has repealed a measure to sell state-owned land in a duty-free zone along the Panama Canal after a week of sometimes violent protests.
The Obama campaign is counting on the auto-industry bailout to carry the president to a victory in Ohio, but it ultimately may hold little sway with voters across the state who are still out of work and struggling to stay solvent.
