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...order to receive federal reimbursement for the subsidy consumers get for trading in their cars, dealers must first destroy the engine. One common method is to drain the car's oil and flood the engine with sodium silicate, or liquid glass. Dealers then turn the car on and rev the engine to let the solution harden. In just a few minutes, the car becomes inoperable. (Read "How Bad Are Auto Sales? 10 Questions and Answers...

Author: /time Magazine | Title: What Happens to the Clunkers Traded In? | 8/4/2009 | See Source »

English Country House This five-bedroom in Derbyshire includes use of the family car Will swap for: A house in Europe, the U.S. or the Caribbean Where it's listed: HomeForExchange.com, which offers members (who pay $88 for two years) special cancellation insurance...

Author: /time Magazine | Title: Home Exchange: Trading (Vacation) Places | 8/3/2009 | See Source »

This is Tsvangirai's gamble. He wants the people who tried to kill him to believe he bears no grudge. (Since his wife died in March in a car accident in which he was also hurt, Tsvangirai finds himself repeatedly assuring his supporters that the crash was not another murder attempt.) He wants Zimbabweans and the world to rethink how they deal with Mugabe and other African Big Men. Demonizing them may be principled and cathartic, Tsvangirai believes, but it is ineffective. Criticism has done nothing to dislodge Muammar Gaddafi in Libya (in his 40th year in power...

Author: /time Magazine | Title: Can a Team of (Bitter) Rivals Heal Zimbabwe? | 8/3/2009 | See Source »

...stimulus package includes spending to strengthen social safety nets and boost domestic consumption, such as subsidies for rural consumers to buy selected electronic goods. In an echo of America's wildly popular cash-for-clunkers car program, a new initiative grants consumers in four provinces and five cities 10% discounts if they trade old electronic goods for new ones. The amounts allocated have been criticized as piddling, but their inclusion in the stimulus spending indicates that China's planners recognize the importance of domestic consumption as a driver of growth, given the steep fall in demand for Chinese exports because...

Author: /time Magazine | Title: China's Soaring Stocks Pose Risk to Global Markets | 8/3/2009 | See Source »

...victims of the Mafia and speak out against the scourge of organized crime. From Palermo to Torino, politicians, church leaders and youth groups gather to mark the July 19, 1992, assassination of anti-Mob magistrate Paolo Borsellino, who was killed along with five bodyguards in a meticulously planned car-bombing outside his mother's apartment in the Sicilian capital...

Author: /time Magazine | Title: A Mafia Boss Breaks Silence on an Assassination | 8/3/2009 | See Source »

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