China and US cooperation in promoting such vehicles is a concrete step against global warming. But how to measure claims in miles "per gallon"?
The disconnect between production and consumption threatens both China and America.
China’s growing economic clout and its role as lender to the US means Obama has less leverage to press for changes to US-China trade.
China, the world leader in both economic growth and carbon emissions, faces the dilemma of how to respond to the challenges of global warming while not harming its robust economy.
As leaders and revelers celebrate the fall of the Berlin Wall 20 years ago, President Barack Obama's absence is one of several diplomatic wrinkles marring the event.
High executive pay and bonuses are unseemly after taxpayer bailouts, many Democrats charge. But GOP lawmakers worry about federal 'pay czar' meddling in the workings of capitalism.
The Treasury Department is ordering pay cuts for top executives at the seven big companies that have yet to pay back government bailout cash. The US public has balked as such firms have handed out huge bonuses.
The move makes for good politics, but is it good business?