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...snapped back. The economy grew 7.9% in the second quarter and will now probably expand 8% or more this year. Evidence of increasing momentum appears almost every day. Factory production has begun to edge up, in part because Chinese consumers continue to spend money at a healthy pace. Auto sales, helped significantly by government subsidies for small-car purchases, hit an all-time record in April and will easily surpass those in the U.S. this year. Overall, retail sales in China this year are up 16%. (Read "Is China's Economy Strong Enough To Save the World...

Author: /time Magazine | Title: Can China Save the World? | 8/10/2009 | See Source »

...best cars from the 2009 Detroit Auto Show...

Author: /time Magazine | Title: Germany's Cash-for-Clunkers Black-Market Scandal | 8/7/2009 | See Source »

...while cash for clunkers has helped out the U.S. auto industry and the environment - two entities that have clearly seen better days - it shouldn't obscure the need for addressing the real green cost of driving: gas prices. It's not the car or truck that adds greenhouse-gas emissions into the atmosphere - it's burning gasoline. There's no denying that it's beneficial for Americans to climb out of their clunkers and into more efficient cars, but what happens if drivers take advantage of the lowered cost of their fuel bill by driving more? The environmental benefits...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

Read "Germany's Auto-Woes Fix: Scrap That Clunker...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...only interest and not build equity in the house, or that would reset in 2 years and double their payments. These days, the typical homeowner facing foreclosure seems more likely to have simply lost a job—in a steel plant or a bank or as an auto-mechanic—and fallen behind on payments...

Author: By Max J Kornblith | Title: Back Home and Down to Earth | 8/4/2009 | See Source »

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