Obama announces $2.4 bln grant for electric vehicles

President Barack Obama Wednesday unveiled a 2.4-billion-dollar funding boost for the development of new generation electric vehicles and slammed critics of his economic rescue plans.

Unemployment rate for electrical engineers soars to new record

The unemployment rate for U.S. electrical and electronics engineers (EEs) hit a new record in the second quarter, while the rate for all engineers increased for a second straight quarter, according to data released last week ...

Germany's Infineon needs state guarantees: report

German chip maker Infineon is in negotiations with the government over state guarantees worth several hundred million euros (dollars), the Welt am Sonntag paper reported Sunday.

Vindictiveness doesn't pay

Vindictiveness doesn't pay. This has been demonstrated by a current study at Bonn and Maastricht Universities. According to this study, a person inclined to deal with inequity on a tit-for-tat basis tends to experience more ...

The dark side of loan guarantee programs for SMEs

There is always a downside. Even for loan guarantee programs for small businesses, launched during financial crises to stave off the drying up of credit, particularly likely in periods of recession. It turns out these programs ...

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