How the World Works

Record gas prices equal record Prius sales

March was yet another grim month for auto sales in the U.S., in what is shaping up to be, reports the Wall Street Journal, "the industry's toughest year in at least a decade." GM reported a 19 percent decline, year-over year; Ford 14 percent; and Toyota, 10 percent.

But there is a silver lining, for anyone who cares about fuel efficiency in an era of unprecendented high gas prices. The Toyota Prius vs. Ford Explorer smackdown continues!

March marked the best month ever for Prius sales -- 20,635 sold. But Americans bought only 10,969 Ford Explorers.

Amazingly, Toyota reported that 20,634 of the 20,635 Priuses sold in March were bought by residents of Berkeley, Calif.

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Is the Obama economic rescue plan a failure?
Swayed by GOP attacks, independent voters are abandoning ship. But the summer of stimulus love has hardly started
Are automaker woes skewing unemployment figures?
In the summer, the Big 3 usually idle factories and lay off workers. But this year, they're ahead of schedule
The Pope's liberal Christian values
Social justice, wealth redistribution, a new morality for Wall Street -- the pontiff throws down on capitalism

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