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That's why critics don't think the program was worth the effort, questioning if niche industries like boats and RVs deserve the same financing aid as the auto industry. Dean Baker, co-director of the Center for Economic Policy and Research said that although the financing program leaves some of the risk on the lenders, (only 75% is guaranteed by the SBA, not the maximum 90%) it's hard to see what the Administration's goal is and how effective the plan will be over time. "The question is, what exactly do we hope to do with subsidizing this...

Author: /time Magazine | Title: Federal Help for Boat Dealers: All at Sea | 8/1/2009 | See Source »

...Although Congress is willing to fund the Energy Department at roughly the levels Obama is demanding, the House would give Chu only $35 million for his innovation hubs - enough for one center. Meanwhile, Congress is pushing the Energy Department to spend more than $200 million on hydrogen-based clean-fuel technologies - an idea that was popular with President George W. Bush but that many energy experts deride as a permanent pipe dream. Another House bill would have the Energy Department spend $30 million a year for five years on natural-gas vehicles, even though the Obama Administration hasn't sought...

Author: /time Magazine | Title: Clean Energy: U.S. Lags in Research and Development | 8/1/2009 | See Source »

Denmark is not exactly a global power center, but the former leader of the small, tidy nation is about to become a major player on the world's diplomatic stage. Anders Fogh Rasmussen takes over as NATO's Secretary-General on Aug. 1 after serving as Denmark's Prime Minister. The popular center-right leader takes the reins as the deteriorating war in Afghanistan poses a serious test for the 60-year-old NATO alliance, which is managing the conflict. Rasmussen, 56, spent eight years in Copenhagen's top office, most notably shepherding Denmark through the Muslim cartoon uproar...

Author: /time Magazine | Title: Anders Fogh Rasmussen: NATO's New Boss | 7/31/2009 | See Source »

...first elected to Denmark's Parliament in 1978, at age 25. Served as Denmark's Minister of Taxation from 1987-92 and Minister for Economic Affairs from 1990-92. Held a range of top posts within Denmark's center-right Liberal party...

Author: /time Magazine | Title: Anders Fogh Rasmussen: NATO's New Boss | 7/31/2009 | See Source »

...overwhelming Iran's feared security forces. The crowds burned tires, honked horns, waved peace signs and chanted, "Death to the dictators." Because the demonstrators gathered in several neighborhoods throughout the capital as well as at the country's largest cemetery, 12 miles (20 km) south of the city center, the Basij paramilitary and Revolutionary Guards could not cover enough ground to control the growing crowds - one of the largest outpourings in recent weeks, albeit spread about the city. The protests even continued into the city's subway system as many participants hurried back into the city from the aborted prayer...

Author: /time Magazine | Title: A Brief Euphoria in Tehran: 'We Can Win This' | 7/31/2009 | See Source »

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