Barack Obama Wins US Presidential Election; All Set To Face Challenges Ahead
As the much awaited US presidential election results are out, words of praise are flowing for Barack Obama, who has managed to beat his Republican rival Mitt Romney, thereby becoming the second Democrat to win a second four-year White House term since World War II.
While his win has created history, there is no denial that road is not easy for the man in question, who would have to sort the sticky issue of whether or not, to let reduce tax rates for the wealthiest Americans, which would expire on December 31.
It has been known that president and most Democrats are in favor of raising taxes on those who earn more than $250,000, while Republicans are vouching to widen the current low rates for all income levels. Obama's victory "takes a lot of air out of the room for Republicans", Jim Walsh, a former Republican representative, predicted before the election.
With global economy battling uncertainty for long time, its high expected from the US President to step up his efforts to bring on stability in the financial and business community. Meanwhile, it would be worth seeing how congressional Republicans would react with the results.
While there is a lot Obama would have to do in the time to come, it would be worth seeing how Obama takes on the challenges ahead.
Seeking to catch up to Tesla and other rivals, South Korean automaker Hyundai Motor Company has decided to place electric vehicles at the center of its product strategy.
Two hobbyists have built an electric car using recycled parts that is capable of running more than 700 miles on a single charge. The homemade electric car dubbed Phoenix has been created from nearly 90 per cent recycled parts (by weight).
Intensifying the race to develop the so-called ‘robotaxis,’ Fiat Chrysler (FCA) has decided to join a BMW-led alliance to develop self-driving or autonomous vehicles.
Electric car maker Tesla Motors is enjoying a rapid expansion in its used car business, prompting analysts to predict that the company is on the track to triple its used inventory sales.
Technology major Microsoft Corporation has rebuffed Consumer Reports findings on its popular Surface range of tablets and laptops.
Tesla Motors has received tremendous response for its electric vehicles despite their high price tag.