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These granted tax credits on PEV vehicles will phase out once 200,000 plug-in vehicles are sold by each manufacturer in the U.S. [282] During this phase out period after 200,000 plug-in car sales, qualified producers will experience a drop in a tax credit of $7,500 to $3,750 for the next 6 months followed by a drop to $1,875 for another 6 ...
In the case of home loans, if the borrower defaults on the loan, the bank would have the legal right to repossess the house and sell it, to recover sums owing to it. Loan modification can avoid defaults. [1] Similarly, a loan taken out to buy a car may be secured by the car.
Microsoft Corporation is an American multinational technology conglomerate headquartered in Redmond, Washington. [2] Founded in 1975, the company became highly influential in the rise of personal computers through software like Windows, and the company has since expanded to Internet services, cloud computing, video gaming and other fields.
Averaging an economic growth rate of 7.5% for several years prior to 2007, [307] India has more than doubled its hourly wage rates during the first decade of the 21st century. [317] Some 431 million Indians have left poverty since 1985; India's middle classes are projected to number around 580 million by 2030. [318]
From 1986 to 1992, the Philippines recorded an average annual inflation rate of 9.2%. During the Aquino administration, the annual inflation rate peaked at 18.1% in 1991; a stated reason for this increase was panic buying during the Gulf War. [42] [43] Overall, the economy under Aquino had an average growth of 3.8% from 1986 to 1992. [44]
Houston (/ ˈ h juː s t ən / ⓘ HEW-stən) is the most populous city in the U.S. state of Texas and the Southern United States.Located in Southeast Texas near Galveston Bay and the Gulf of Mexico, it is the seat of Harris County; as well as the principal city of the Greater Houston metropolitan area, the fifth-most populous metropolitan statistical area in the United States and the second ...
Interest rates in 2007 were situated at around 7 percent, [57] having reached a historic low in 2002 below 5 percent. Inflation rates are also at historic lows; the inflation rate in Mexico in 2006 was 4.1 percent and 3 percent by the end of 2007. Compared against the US Dollar, Mexican Peso has devalued over %7,500 since 1910. [citation needed]
The Hybrid vehicles market, which became somewhat popular towards the middle of the decade, underwent major advances notably typified by such cars as the Toyota Prius, Ford Escape, and the Honda Insight though by December 2010 they accounted for less than 0.5% of the world cars.
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