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...want to halt production; or flare it - burn it off into the atmosphere. With production decreasing because of low price incentives and a great deal of gas likely being lost from capping wells and flaring gas, the oversupply will not last, and the price will be pushed higher by supply and demand fundamentals. The natural gas futures traded on the New York Mercantile Exchange (NYMEX) imply that natural gas prices will more than double in the next year...

Author: /time Magazine | Title: As Oil Explodes, Why Natural Gas Prices Stay Low | 8/27/2009 | See Source »

...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 to try to figure out a way to ride the program's coattails...

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

...worthiness] could be an issue, but customers cashing in on the program seemed to have no trouble finding financing. What happened? For one thing, the CFC incentive was used as all or part of the consumers' down payment, automatically increasing loan-approval rates - the bigger the down payment, the higher the approval rates for car loans, everything else being equal. The $4,500 incentive sometimes was doubled by manufacturer incentives. Even if you have less-than-perfect credit, if you put $9,000 down on a $25,000 vehicle, you have a good chance of getting approved. We also...

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

...President Faust explained it pretty well at Commencement: he’s been a leader on all kinds of issues, specifically on higher education, which is particularly important to Harvard,” said Clymer,who is a former Crimson president...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Mass. Senator Ted Kennedy Dies at 77 | 8/26/2009 | See Source »

...then the Biennale is seldom about substance. Atman measures his worth by the invitations he receives to the best parties, forever suffering from "the fear that there were better parties you'd not been invited to, a higher tier of pleasure that was forbidden to you." I countered my own lack of invites by fleeing to such sanctuaries as Osteria alla Bifora, tel: (39-41) 523 6119, where Franco, the irascible and rotund proprietor, buffs and polishes a gleaming red 70-year-old meat slicer with the care most men would pay a Ferrari. Or there's Osteria...

Author: /time Magazine | Title: The Venice Biennale | 8/26/2009 | See Source »

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