Recent weather has caused people to reevaluate there transportation Snow in record amounts up and down the east coast caused CNN to investigate the best cars for snow and here is what they found.
If you live where it snows, all-wheel drive is a good thing. But it’s not everything. A little extra ground clearance, for instance, also makes it easier for your car to get through the thick stuff. Also, even in New England and Colorado, it doesn’t snow all year round, so your vehicle needs to be a good driving partner the rest of the year, too.
A great example of what we’re talking about is the new Audi AllRoad, a model that’s making a return engagement after having been absent from American dealerships since the 2005 model year. Basically, it’s a slightly raised up Audi A4 with a butched-up wagon body. But with Audi performance and Quattro all-wheel-drive, it’s a nice mix of performance car attitude and muck-slogging capability. And it’s cooler than a typical crossover.
One other thing: If it really snows a lot, a good set of winter tires would be a helpful addition to any car. While all-wheel drive helps a car to get going in the snow, it does nothing for you when it comes time to stop. Good tires designed for handling cold, slippery stuff help a lot with that.
We realize that none of the pictures in this gallery actually show a car in any sort of snow. If you happen to have a snow globe handy on your desk, we recommend holding that up near your computer monitor. You’ll get the impression.
Read the full article and other intresting stories at CNN.com
Large hedge funds, institutional investors, and wealthy individual are jumping back into the real estate market. Low interest rates and rising prices forming the foundation of this resurgence. CNN Reports….
Investors are betting big on the housing recovery.
Hedge funds and private equity firms have been rushing in to buy up companies and assets in every part of the housing supply chain, including undeveloped land, homebuilders, foreclosed homes, and building parts manufacturers.
One of the most notable moves is coming from hedge fund manager John Paulson, best known for his big (and lucrative) bets against subprime mortgages in 2006 and 2007.
Now, he’s turned his attention to snapping up undeveloped land in areas hardest hit by the housing crisis. “Land is the accordion in the home building equation,” said Michael Barr, who runs Paulson’s real estate investments. “It falls the most in a downturn, but also rises the most in an upturn.”
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The battle about the cliff dominated the news cycle for many weeks, and now USA Today is revisiting the issue with regards to the GDP.
GDP report will reveal fiscal cliff fears’ impact
This week’s preliminary report on gross domestic product will give the first clear picture of how fears of the fiscal cliff hurt the late-2012 economy — and the early data suggest the answer will be “not much.”
The report, due out Wednesday, is likely to show overall growth slowed to about 1.2% in the last three months of the year, from 3.1% in the third quarter, according to economists’ consensus estimate.
That’s way below the economy’s estimated growth capacity of about 2.5%. But fourth-quarter GDP will be deflated by the big trade deficit in November, and third-quarter results were artificially boosted by rising inventories, said Moody’s Analytics chief economist Mark Zandi.
Meanwhile, a growing pile of data on retail sales, business investment and jobs shows that the fiscal cliff didn’t affect the domestic economy as much as some feared — and that it may also shake off tax increases approved this month.
That could set the stage for growth to pick up sharply if Washington makes a market-friendly deal on spending cuts, Mesirow Financial economist Diane Swonk said.
“It’s hard to see the effects of the fiscal cliff,” Zandi said. “Business investment bounced right back after falling in the third quarter, which suggests it had nothing to do with the cliff. And employment growth suggests it had no impact on layoffs or hiring decisions.”
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