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...recyclers who process the automobiles. Although 60% of a car's salvage value comes from the engine and drive train, Wilson said the original cash-for-clunkers plan - the formal name is the Car Allowance Rebates System (CARS) - called for the obliteration of both. While the ARA and Congress hashed out a compromise that salvages each automobile's drive train, ruining the engine still kills about 30% of a vehicle's recycling value. For recyclers, who pay upwards of $700 to process each vehicle before they know the condition of the model they're getting, the provision eliminates much...

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

...House and Senate prepare to embark on their summer recess without having passed any health-care-reform bills, President Obama's dreams of radically restructuring the system have, at least for now, bumped up against the reality of Washington politics. But even if Congress manages to overcome the many obstacles and pass some kind of meaningful reform this fall, the goal of covering some 50 million currently uninsured Americans will encounter a whole new range of hurdles. Chief among them is that there almost certainly won't be enough doctors to care for that many new patients. (Read TIME...

Author: /time Magazine | Title: If a Health-Care Bill Passes, Nurse Practitioners Could Be Key | 8/3/2009 | See Source »

...trade was revised in Congress, though, that number has dwindled - the current bill would channel perhaps about $10 billion a year to energy research in its early stages - but not solely for clean energy. By contrast, on the campaign trail Obama promised to spend $150 billion over 10 years just on clean-energy research. On July 16, an assortment of 34 Nobel Prize winners wrote a letter to Obama, calling for more support for energy research and development in the climate bill. "We need a much larger investment than what we're getting," says Jesse Jenkins, director of energy...

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

...course, the tiny renewable-power industry has little weight in Washington. The major coal-powered utility American Electric Power spent $4.6 million to lobby Congress in the first six months of the year, $1.3 million more than it did over the same period last year. By contrast, "I don't think you can see the renewable-energy lobby compete on a dollar-by-dollar basis with the fossil-fuel and coal lobby," says Mataczynski...

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

...need all the good will she could muster. The country was one breath away from the economic morgue, while Manila's brand of democracy was built on reeds. Aquino survived eight coup attempts by plotters who hoped to head off her liberal constitution and the return of a bicameral Congress. She took pride in her fortitude. "I have to project my confidence even more than some men do," she said early in her presidency. "No one can say that Cory did not give...

Author: /time Magazine | Title: People Power's Philippine Saint: Corazon Aquino | 8/1/2009 | See Source »

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