Four years ago, a small Chinese automaker had such big ambitions it broke ground on a $1 billion plant to make more cars than Ford Motor Co. Then reality set in and Jilin Tongtian Automobile Co.’s factory site is now a pile of rubble.
The moonscape highways around Fort Lee, New Jersey, have left cracked axles, bent rims and chunks of tire strewn across the lot at George Washington Bridge Towing. While the traffic jams Governor Chris Christie’s crew engineered here are gone, these broken vehicle parts show that the consequences of their boss’s economic choices endure.
California’s credit rating, ranked second-lowest in the U.S. by Standard & Poor’s, is poised to benefit if Governor Jerry Brown is able to persuade a special legislative session to alter plans for a budget reserve.
The Czech government is preparing to tighten control over the gaming industry and boost its contribution to tax revenue as billionaire Finance Minister Andrej Babis seeks to keep the budget deficit in check.
Japan’s population slid for a third year with the proportion of people over the age of 65 at a global record, underscoring the challenge the world’s most- indebted economy faces in financing its aging society.
Ed Forchion, the marijuana activist known as the New Jersey Weedman, became a fixture at the Statehouse in Trenton by setting up camp in his Weed Mobile and indulging in his favorite cause. Once, he lit up on the Assembly floor.
Anadarko Petroleum Corp. and Noble Energy Inc., Colorado’s largest oil producers, are waging a media campaign to promote the benefits of hydraulic fracturing as residents push statewide measures to restrict the drilling technique as a threat to the environment.