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...stretching into decades. It has been almost 20 years since the bursting of a mammoth property and stock bubble plunged the country into an economic deep freeze. Japan's leaders have been wandering in the wilderness ever since, unable to find a formula for growth to replace the model that was found wanting years ago. (See the new activism of Japan's youth...

Author: /time Magazine | Title: A New Deal | 8/31/2009 | See Source »

...Cash for Clunkers" [Aug. 17]: it is great to see new cars selling, the economy boosted and gas guzzlers reined in. But I am dismayed by pictures of late-model, low-mileage vehicles being destroyed. There should be an additional layer of the CARS program that would allow the millions of people who could never buy a new car to trade up their really old clunkers for more-efficient used cars. Lydia Ross Hartt, HOT SPRINGS...

Author: /time Magazine | Title: Inbox | 8/31/2009 | See Source »

...chunk of its value to depreciation when you drive it home. If that thought makes you carsick, a used car might work. Of course, used cars are less expensive, and insuring them costs less. Sure, a used number carries more risks, but in this certified-preowned-vehicle era, a model that has historically retained its value - say, a Honda Accord EX or a Subaru Outback - can often promise years of strong, relatively maintenance-free driving...

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

...geeked-out cruiser you might not be able to afford. Despite all the sales rebates, leasing is still a viable alternative. It's not as popular as it was among manufacturers, whose bad arithmetic cost them a fortune a few years back. But if you can find a leasable model you like - GMAC Financial Services and GM are offering packages for the 2009 Cadillac CTS, several new Chevrolet models and the 2010 Buick Enclave and LaCrosse - the numbers might work if you drive fewer than 15,000 miles a year, want to keep a warrantied vehicle for only...

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

...Beyond model projects like the ones Global Green is implementing, there are broader policy-based actions that seek to green New Orleans from the top down. The city is receiving millions in federal stimulus funds, some of which will be going toward initiatives that will re-establish a citywide recycling program and improve mass transit. About $1.1 million is being slated to help green five of the city's libraries, and more will pay for the installation of solar-powered, ultra-efficient LED streetlights. The Department of Energy - with funds matched by Global Green - is underwriting new solar-power projects...

Author: /time Magazine | Title: Four Years Later, New Orleans' Green Makeover | 8/29/2009 | See Source »

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