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...feel too badly for Detroit. Becker says the company that perhaps does best under the proposed rules is the government's own car company, General Motors. GM benefits from the EV exception and also from the changes in the rules that will allow sales of larger vehicles like pickup trucks through a separate loophole that permits automakers to "borrow" credits from the future. Kliesch says the flexibility is fine but asks where the guarantee is that the companies will make good on promises to repay borrowed credits. "That's why you need some kind of backstop [in the rules...

Author: /time Magazine | Title: Greens Not Happy About EPA Guidelines | 9/21/2009 | See Source »

There is also a much more basic explanation for why insurance doesn't sell. Insurance has proved its worth for centuries, but people still resist it. They don't like thinking about the possibility of bad things happening. That's why car insurance is mandatory--and health insurance may soon be. If supposedly financially sophisticated Americans have to be coerced to buy insurance, should we really expect people in less rich countries to be any different...

Author: /time Magazine | Title: Why The World's Poor Refuse Insurance | 9/21/2009 | See Source »

...True, athletes have overstepped the bounds for as long as games have been played: U.S. runner Fred Lorz hitched a ride in a car to win the 1904 Olympic marathon in St Louis; it's 90 years since a handful of Chicago White Sox players threw baseball's World Series. But in hard times, many sports have a history of showing the way. One of the reasons we follow teams is for the neat shot at resolution it can provide. Whatever else you may be struggling with in your life, watching your team fight another fairly and by the same...

Author: /time Magazine | Title: Why Sports Cheats (That's You, Renault) Swindle Us All | 9/20/2009 | See Source »

Firth plays an English novelist, teaching literature at a Los Angeles college in 1962 and grieving - delicately, obsessively, heroically - for his lover of 16 years, dead in a car crash. Seeing no reason for his life to go on, George meticulously rehearses his own suicide, by gunshot, but has trouble finding a practical or aesthetically elegant way to carry it off. So over the course of a long day, he listens idly to his colleagues' worries over the Cuban missile crisis; has dinner with his oldest friend, a London socialite (Julianne Moore, never more glamorous); and indulges some erotic flattery...

Author: /time Magazine | Title: Five to Watch from the Toronto Film Festival | 9/19/2009 | See Source »

Conventional wisdom says that if you want to be richer, a useful thing to do is get married. Life is cheaper when there's only one mortgage to pay and someone else can do certain tasks - cooking, say, or car repair - more efficiently than you. Research by Ohio State University's Jay Zagorsky shows that married baby boomers increase their wealth an average 16% a year, while those who are single increase their net worth at half that rate. (Read "Is There Hope for the American Marriage...

Author: /time Magazine | Title: The Economic Benefits of Marriage: A Closing Gap | 9/19/2009 | See Source »

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