The report by the Centre for Science and Environment (CSE) said the United States, Japan and European Union countries had for years been exporting old, used cars - or clunkers
- to nations such as Nigeria and Bangladesh.
In recent years, federal and local governments have implemented a preponderance of fiscal policies in the form of temporary tax cuts and subsidies, with US examples including the Car Allowance Rebate System (CARS, or "Cash for Clunkers
"), federal and state hybrid and electric car subsidies, federal and state first-time homebuyer credits, bonus depreciation schedules on new investments, and state- and locality-specific sales tax holidays.
Good luck to Mayor Erap if he can stick to his word to keep trucks, cement mixers, and other clunkers
from the narrow, already congested streets of the city.
''Cash for Clunkers
'' was born with Obama's administration as a component of his stimulus.
Last week, India's commerce minister Anand Sharma said that the government was exploring a "cash for clunkers
" scheme that mandates vehicles of over 12 years be scrapped and truck owners get cash incentive to buy new vehicles.
President Obama was praised in 2009 when his administration enacted the "Cash for Clunkers
" program, which was designed to encourage the public to turn in older cars in exchange for rebates toward the purchase of new, fuel-efficient cars.
THE SOURCE: "The Effects of Fiscal Stimulus: Evidence From the 2009 Cash for Clunkers
Program" by Atif Mian and Amir Sufi, in The Quarterly Journal of Economics, Aug.
The automaker sold around 17,000 units of the vehicle in 2011, which was attributed to the government-sponsored, 'Cash for Clunkers
' programme that ended late last year.
After appearing in Bangkok Dangerous, The Wicker Man, Knowing and Season Of The Witch, Nicolas Cage is no stranger to clunkers
. But in the US, this $35m movie was pulled from cinemas and dumped onto DVD in a record 18 days, after taking just $24,094 at the box office.
"A steep cut in spending on a program that encourages low-income motorists in North Texas and three other urban areas to sell or fix their fumes-belching 'clunkers
' didn't sit too well with Dallas-area Senate budget writers on Monday." - 'Clunker
' retirement program: urban dwellers help certify budget's balanced, Trail Blazers
Both have been landed with dancing with some absolute clunkers
in recent years, (think footballer Peter Shilton and politician turned author Ann Widdecombe for Boag and Du Beke respectively), meaning they must be so relived to be pairing up with each other for this tour as it finally gives them the opportunity to dance with someone who knows what the hell they're doing.
Under the $2.85 billion "Cash for Clunkers
" program, the federal government paid automobile dealers between $3,500 and $4,500 each time a customer traded in an older, less fuel-efficient vehicle and purchased a newer, more fuel-efficient vehicle.