The U.S. House of Representatives passed a $4 billion “Cash for Clunkers” bill on June 9 that is aimed at both increasing fuel economy of cars and bailing out the beleaguered U.S. auto industry. Of course, there’s no guarantee the subsidy would help U.S. automakers, who have generally specialized in larger, gas-guzzling sport-utility vehicles and luxury automobiles in recent years. The $4 billion subsidy, which is expected to be drawn from February's $787 billion federal economic stimulus package, may end up subsidizing purchases from Toyota, Honda and other foreign manufacturers that specialize in fuel economy.
Soon America will move, in all likelihood, from a Supreme Court with a Justice David Souter as a member to a court with a Justice Sonia Sotomayor. Neither the alphabetical order of the justices nor the constitutional disorder will change. Little will change but gender and ethnicity, which the major news media would have us believe are the most important considerations.
United Nations General Assembly President Miguel D'Escoto Brockmann intends to leave his mark on the United Nations and the global economic-political picture before his one-year term ends in September. D'Escoto, a longtime top official in the communist Sandinista government of Nicaragua, has chosen as his primary vehicle for making this mark the UN Conference on the World's Financial and Economic Crisis to be held June 24-26 at the UN headquarters in New York.