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Not even the most optimistic greens could have predicted that the federal government's cash-for-clunkers program would work this well - more than 240,000 Americans have traded in their clunkers so far, and the program has already burned through its first round of funding. But green groups were...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

The Federal Government estimates 240,000 vehicles have already sputtered off the roads and into dealers' lots as part of its cash-for-clunkers program, in which consumers receive a subsidy of up to $4,500 when they trade in their older, less efficient cars for new models. The House...

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

In 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...

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

If you want to feel encouraged about our economic near future - not this damned decade but the teens - go talk to some venture capitalists. They aren't quite giddy (after the '80s, '90s and '00s, beware all giddiness), but they do sound optimistic about an imminent tide of innovations in...

Author: /time Magazine | Title: The Coming New New Economy | 8/4/2009 | See Source »

In the recently released House health-reform bill, nurse practitioners (and physicians' assistants, another relatively new, but smaller, category of medical professionals who can perform medical procedures and often prescribe medication) are listed alongside doctors as primary-care providers. Nurse practitioners lobbied hard for this legislative language in meetings with...

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

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