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...Still, the charging network is incredibly expensive to build. Better Place's system hinges on the switching stations, which make electric cars viable for long-distance trips and thus, more attractive to potential buyers. Here's how it works: after consumers buy their cars, the company provides them with batteries and charges them a fee to use them, based on the miles they drive. When the batteries run out of juice on long trips, drivers can replace them at switching stations in the amount of time it takes to fill a tank of gas. Better Place says the stations - which...

Author: /time Magazine | Title: Denmark Leads Europe's Electric-Car Race | 2/14/2010 | See Source »

...After her bills, she has $289 left, plus the $100 she now pays for storage. She could spend that money to move into subsidized housing, but if she did, then she would be nearly broke: little money for food, no money to give at Sunday services, no money to buy her grandchildren gifts and no money to give to others in need - things she does on a regular basis. Now that her health has improved and her back is stronger, she hopes she can go back to work, at least part time. (See how the new federal homelessness-prevention program...

Author: /time Magazine | Title: Last Refuge for the Homeless: Living in the Car | 2/12/2010 | See Source »

...cheaply in one country and invest it in another with higher interest rates and where the currency may be appreciating. Last year a plunging dollar and the Fed's decision to slash rates made the U.S. currency ideal for funding carry trades. For example, selling the U.S. dollar to buy Australian dollars, Norwegian kroner and Brazilian reals yielded returns in excess...

Author: /time Magazine | Title: The Carry Trade: Betting on Bad Currencies | 2/11/2010 | See Source »

...view. You don't reach the top gear in the global auto industry unless you make outstanding cars, which Toyota does - most of the time. Though cars are familiar machines, they are also highly complex ones. To create a modern car, a company has to design, engineer, build, buy and then assemble some 10,000 parts. Sell 7.8 million cars, as Toyota did worldwide in 2009 - a horrible year for the industry - and there are billions of new parts with the potential to go kerflooey. Inevitably, some...

Author: /time Magazine | Title: Behind the Troubles at Toyota | 2/11/2010 | See Source »

With Valentine’s Day only three days away and Christmas just two months past, most couples are probably starting to feel the gift­­‑buying pressure once again. In case you’re unsure of what to buy your boo or just want to know what your lover’s present really means after the fact, FM has gone ahead and done the decoding...

Author: By Kathryn C. Reed, CRIMSON STAFF WRITER | Title: Valentine’s Day Decoded | 2/11/2010 | See Source »

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