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Latest in Stimulus: 'Cash for Refrigerators'
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8-24-2009 11:33 PM
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/bc86dd01-c74e-4a57-9310-c5a57d3ca2bd/69D6E6BA-AD3F-4862-8807-72C2C037E730/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://news.yahoo.com/s/bw/20090824/bs_bw/aug2009db20090821304909" href="http://news.yahoo.com/s/bw/20090824/bs_bw/aug2009db20090821304909" style="font-size: 11px;">news.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/bw/20090824/bs_bw/aug2009db20090821304909"><H1 id="yn-story-title">Latest in Stimulus: 'Cash for Refrigerators'</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/bw/20090824/bs_bw/aug2009db20090821304909"><div align="center"><img src="http://content7.clipmarks.com/blog_cache/news.yahoo.com/img/8B1C303E-2C4B-490A-B29A-178B1444F065" alt="Salesman Stan Kozar, left, shows a customer a front loading clothes washer at Snow Bros. appliance store in Lyndhust, Ohio on Thursday, April 23, 2009" /></div></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/bw/20090824/bs_bw/aug2009db20090821304909"><P> A $300 million cash-for-clunkers-type federal program to boost sales of <SPAN id="lw_1251123560_0" class="yshortcuts">energy-efficient home appliances</SPAN> provides a glimmer of hope for beleaguered makers of <SPAN id="lw_1251123560_1" class="yshortcuts">washing machines</SPAN> and dishwashers, but it's probably not enough to lift companies such as <SPAN id="lw_1251123560_2" class="yshortcuts">Whirlpool</SPAN> (NYSE:<A href="http://us.rd.yahoo.com/dailynews/finance/bw/bs_bw/storytext/aug2009db20090821304909/33147731/*http://finance.yahoo.com/q?s=whr" linkindex="84">WHR</A> - <A href="http://us.rd.yahoo.com/dailynews/finance/bw/bs_bw/storytext/aug2009db20090821304909/33147731/*http://finance.yahoo.com/q/h?s=whr" linkindex="85"><SPAN id="lw_1251123560_3" class="yshortcuts">News</SPAN></A>) and <SPAN id="lw_1251123560_4" class="yshortcuts">Electrolux</SPAN> out of the worst down cycle in the sector's history.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/bw/20090824/bs_bw/aug2009db20090821304909">Beginning late this fall, the program authorizes rebates of $50 to $200 for purchases of high-efficiency <SPAN id="lw_1251123560_5" class="yshortcuts">household appliances</SPAN>. The money is part of the broader <SPAN id="lw_1251123560_6" class="yshortcuts">economic stimulus bill</SPAN> passed earlier this year. Program details will vary by state, and the Energy Dept. has set a deadline of Oct. 15 for states to file formal applications.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://news.yahoo.com/s/bw/20090824/bs_bw/aug2009db20090821304909">"These rebates will help families make the transition to more efficient appliances, making purchases that will directly stimulate the economy," Energy Secretary <SPAN id="lw_1251123560_7" class="yshortcuts">Steven Chu</SPAN> said in a statement announcing the plan.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/69D6E6BA-AD3F-4862-8807-72C2C037E730/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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