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Obama calls for shared sacrifice in auto bailout

President-elect Barack Obama says he wants to keep tough conditions on automakers that get federal loans. The companies must develop sustainable business models because it would be unacceptable "to keep them on their lifeline through taxpayer dollars in perpetuity," Obama told The Washington Post. Obama said industry restructuring will require "everybody, from labor to management to creditors to shareholders, giving something up." His comments contradict suggestions that the new administration will relax federal loan agreements reached last month with General Motors and Chrysler LLC, possibly with softer demands on the UAW.

Keels & Wheels concours features classic cars, wooden boats and more

“Not just anyone can do this,” a clearly exhausted Bob Fuller, chairman and founder of the 17th-annual Keels & Wheels Concours d' Elegance, said shortly after presiding over the awarding of 69 trophies in the automotive division of the two-day classic-car and wooden-boat show held at Seabrook's Lakewood Yacht Club south of Houston, Texas. “You have to have the facilities to do this, and we have these beautiful grounds surrounding this big protected harbor,” said Fuller, a car and boat collector. Fuller collaborated with cochairman Bob Merryman, then-president of the Southwest Chapter of the Antique & Classic Boat Society, to found the event, which benefits the Boys & Girls Harbor nonprofit.

Mobile phone use most hated by drivers

THE MOST HATED driving habit in the UK is using a mobile phone to call or text while behind the wheel. A study has found 47% of British drivers say this is the habit they despise the most in other drivers. Using a mobile phone while driving is illegal, but other poor driving rated highly in Britain’s top 10 most hated driver habits.