U.S. mortgage rates on 30-year fixed loans have fallen to a record low after the Federal Reserve last week announced its plan to reduce borrowing costs by replacing short-term debt with more long-term debt. (more)
Political observers in Iran are estimating that turnout for Friday’s parliamentary elections may break the country’s 2004 record low of 51 percent. The government’s ruling religious conservative faction is accused of barring many opposition reformist candidates and depressing electoral participation.
BMW has just announced that it intends to be the first car company to bring a hydrogen-burning vehicle to market. The race is on, with GM parading its hydrogen prototype on CBS on Tuesday, and Toyota and Honda fighting over who loves trees more. Still, one has to wonder when the environmentally friendly car will trickle down from luxury status and low emissions can be had by all.