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...clunkers program generated at least $17.5 billion of economic activity, not including incremental sales of additional products, such as extended warranties, alarm systems and financing revenue for the dealerships - as well as roughly $875 million in sales-tax revenue for state governments. When we add in the fiscal multiplier effect, the net impact of the program was easily north of $25 billion - if not much higher. However, the impact also has a short life expectancy. Once the program is over, the impact is pretty much over as well. It will be the next challenge for manufacturers as well as dealers...

Author: /time Magazine | Title: Was Cash for Clunkers a Success? | 8/26/2009 | See Source »

...points to the Four Seasons hotel chain, which still charges premium prices for its rooms but started offering deals that let you buy a two-night stay and get a third one free. The hotel, in effect, is lowering its prices. But when things improve, it will be easier for consumers to accept the end of the free-room deal than a sudden spike in prices. We know you can't give away rooms, but how can you jack prices up another $30? Although Abercrombie holds seasonal clearance sales, it shuns such regular promotions...

Author: /time Magazine | Title: Abercrombie & Fitch: Worst Recession Brand? | 8/25/2009 | See Source »

Another, more fundamental question hard to answer with certainty is whether the interrogators needed to use harsh techniques at all. The inspector general's report says that at least in some instances, they were used "without justification." Even interrogators in the field worried that their bosses' "assessments to the effect that detainees [were] withholding information [were] not always supported by an objective evaluation, but are too heavily based, instead, on presumptions of what the individual might or should know." But ultimately, the conclusion of the inspector general's report in this regard is not, well, particularly conclusive: "The effectiveness...

Author: /time Magazine | Title: Did the Harsh Interrogation Methods Actually Work? | 8/25/2009 | See Source »

...federal tax dollars by keeping the money in separate internal accounts. The problem is that all those who sign up for the public option would have to pay into the account for abortion coverage, an amount "not less than $1 per month," according to the legislation. So in effect, anyone who wanted to sign up for the public option, a federally funded and administered program, would find themselves paying for abortion coverage. "You are spreading the cost of the procedure over a public plan," explains Stupak. Under the legislation, the Executive Branch would have to make a determination that abortion...

Author: /time Magazine | Title: How Abortion Could Imperil Health-Care Reform | 8/24/2009 | See Source »

...meantime, Stupak says that Obama's statements during recent public events signal one of two things: either he does not fully understand the current House bill, which Stupak maintains has the effect of publicly funding abortion, or "if he is aware of it, and he is making these statements, then he is misleading people...

Author: /time Magazine | Title: How Abortion Could Imperil Health-Care Reform | 8/24/2009 | See Source »

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