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At current rates, the electric-fuel usage for e-cars is estimated to be 50% cheaper than gasoline, or about 4 cents a mile. This comes with the added benefit of low maintenance costs for EVs and, of course, zero emissions. In the U.S., 40% of greenhouse-gas emissions come...

Author: /time Magazine | Title: Utilities Scramble to Meet Power Needs of Electric Cars | 7/16/2009 | See Source »

The latest news on the economy, though not positive, was at least benign, and that helped ease investor anxiety. Industrial production, reported Wednesday morning, is still declining, though the pace of decline is the slowest in eight months, adding another green shoot to the optimists' garden. A further boost to...

Author: /time Magazine | Title: Despite the Economy's Struggles, Stock Market Soars | 7/16/2009 | See Source »

Few are predicting that a CIT failure would cause as much havoc in the financial market as the bankruptcy of Lehman Brothers did last fall. CIT, which was founded 101 years ago, lends to hundreds of thousands of small businesses and also provides money to other firms, called factors, that...

Author: /time Magazine | Title: In CIT Woes, Some See Restart of Financial Crisis | 7/16/2009 | See Source »

The Gist: Narrowing the persistent gap in achievement between white and minority students is one of the toughest challenges in education. In its first major report during the Obama Administration, the Department of Education offers one of the most comprehensive looks yet at the achievement gap between white and black...

Author: /time Magazine | Title: Studying the Impact of Race in the Classroom | 7/16/2009 | See Source »

Obama is dangling the possibility of more federal aid for community colleges just as they are grappling with state budget cuts as well as record enrollments, as laid-off workers rush to get retraining. Many of these two-year schools, which get about 30 cents for every dollar of per...

Author: /time Magazine | Title: Obama Pushes for More Aid to Community Colleges | 7/15/2009 | See Source »

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