The 35% subsidy from the federal government, i.e. taxpayers, to the states is about to end. $185 billion in these bonds was issued in 2010. With the House changing hands next year it is unlikely the program will be resurrected. Watch for a very rough year for muni bonds in 2011.
- How to Beat Tesla? Mercedes and BMW Take Different RoadsMercedes-maker Daimler has outperformed BMW in recent years, but the companies’ contrasting electric-vehicle strategies could mark a new turning point […]
- Why China's Latest Cash Crunch Is Scarier This TimeChina’s short-term borrowing costs are surging again. This time round, the problem has become even more complex. […]
- WH Group: The Pork Giant That May Win From Brazilian Beef BanAmerican meat exporters such as Tyson and Cargill may be licking their chops in the face of Brazil’s meat scandal. But WH Group, the biggest seller of pork in China, looks especially well positioned. […]
- How to Beat Tesla? Mercedes and BMW Take Different Roads