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...many carmakers - among them VW - are offering no-interest loans for new cars, while others are advertising rates ranging from 1.9% to 3% for 24-, 36- and 60-month loans. (Compare that with the 5%-to-6% rates for used cars.) "This has been some year," notes Craig Rosenfeld, founder of the Vision Auto Group in Leesport, Pa., which sells Porsches, Audis and VWs. "There have been a lot of changes in marketplace dynamics, in buying habits, sales strategies. We're seeing a lot of traffic, a lot of interesting things happening...

Author: /time Magazine | Title: The Clunker Debunker | 8/31/2009 | See Source »

However, Frank Stronach, Magna's flamboyantly unpredictable founder and chairman, sees the acquisition of Opel as a once-in-a-lifetime opportunity to create a global car empire on which to stamp his imprint. "It's a risky deal for Magna," says auto analyst George Magliano of IHS Global Insight. "But car assembly is something they really want to do." This ambition may be too tall an order for the Austrian-born Stronach, 76, whose entire career has been marked by both spectacular successes and failures. Most recently, his dream of creating a horse-racing and gaming empire collapsed when...

Author: /time Magazine | Title: GM's Sale of Opel: Second Thoughts for Magna? | 8/28/2009 | See Source »

...productively as possible," as his attorney, Benjamin Brafman, told the New York Post. To get a sense of what Burress's counseling sessions might be like, TIME caught up with Steven Oberfest, a personal trainer and martial-arts expert who bills himself as the industry's creator. The founder of Prison Coach, Oberfest - whose background includes a 15-month stint in a New York prison on racketeering charges - has been preparing wealthy convicts for their incarceration since 2002. He talked to TIME about the business of prison prep and the dos and don'ts of inmate etiquette...

Author: /time Magazine | Title: What to Expect When You're Going to Jail | 8/25/2009 | See Source »

...mocked for trying to succeed in a male-dominated field, but that didn't stop Anne Wexler, 79, from forging a career as one of Washington's most powerful lobbyists. A mentor to both Bill and Hillary Clinton, she was the first female founder of a major K Street firm...

Author: /time Magazine | Title: Milestones | 8/24/2009 | See Source »

...these terms. "When you have 2,000 years of intellectual depth surrounding you," he told me on a recent summer morning, "it's comforting." There's also cachet in conservative political circles to being Catholic. Until their deaths in the past year, Father Richard John Neuhaus and National Review founder William F. Buckley Jr. presided over an intellectual haven for conservatives put off by Evangelicals who rail against experts and élites...

Author: /time Magazine | Title: Why Newt Gingrich Converted to Catholicism | 8/24/2009 | See Source »

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