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...fuel economy at least 25% better than the clunker to qualify - and rebates would reach up to $4,000. (All auto brands would qualify, foreign or domestic.) A 25% improvement would be enough to make buying a new car a good deal for the planet as well as Detroit. "If the public is going to subsidize these auto purchases, then the public should get a benefit through oil savings and a reduction in greenhouse gases," says Brian Siu, an energy policy analyst with the Natural Resources Defense Council's air and energy program...

Author: /time Magazine | Title: Cash for Clunkers: A Green Deal to Help Detroit? | 4/15/2009 | See Source »

...additional capital and the bank may be able to raise that money on the government's deadline. If it can't, it could be merged into another bank the way that Wachovia and Washington Mutual were. The government has avoided getting its hands dirty with the banks. In Detroit it could become deeply involved in the salvage process by taking a major American company though a bankruptcy court with an independent judge sitting on the bench...

Author: /time Magazine | Title: Fixing GM May Just Be Practice for the Next Bailout | 4/14/2009 | See Source »

...requested by Michigan's two senators and one congresswoman: "...for downtown Detroit energy efficient street lighting. That's the least of the city's problems." (See the photo essay, "The Remains of Detroit...

Author: /time Magazine | Title: Government Pork: A Voter's Guide | 4/14/2009 | See Source »

Read about Detroit's Big Three CEOs...

Author: /time Magazine | Title: GM's Potential Bankruptcy: Shopping for a Venue | 4/9/2009 | See Source »

FAST & FURIOUS breaks box-office records. Detroit still can't get anybody...

Author: /time Magazine | Title: Pop Chart | 4/9/2009 | See Source »

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