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...dealers must destroy each clunker's engine, fewer parts are salvageable - which means less profit for the recyclers who process the automobiles. Although 60% of a car's salvage value comes from the engine and drive train, Wilson said the original cash-for-clunkers plan - the formal name is the Car Allowance Rebates System (CARS) - called for the obliteration of both. While the ARA and Congress hashed out a compromise that salvages each automobile's drive train, ruining the engine still kills about 30% of a vehicle's recycling value. For recyclers, who pay upwards of $700 to process each...
With its awful name and convoluted rules, the cash-for-clunkers program might well have been a flop, yet it turned into a surprising success, even inspiring many of its critics to call for an additional $2 billion in funding. One big reason: the program boosted July 2009 sales of new cars and trucks, giving the economy a bit of a lift...
...Length of the run (in years) of the legendary CBGB & OMFUG—"Country Bluegrass Blues and Other Music For Uplifting Gormandizers"—at Bowery and Bleecker Streets. The club was founded in 1973, and soon left behind its folksy name to become the home of a new kind of music, called punk rock, that was played in many clubs near Bowery Street by bands like New York natives The Ramones. It closed...
...Thankfully, there are people like Body Guard Studio's King Fisher, whose real name is Emrys Savage, working toward peace - and doing it with music. "When you go to a club and the music says, 'Go down, go down,' people go down," says Aruna Hakim Dumbuya, a.k.a. Wahid, one of the musicians at Body Guard on the rainy Saturday. "And when the music says, 'Come up,' they come up. If you say 'Make peace,' people will make peace...
...Shine Da God Son, one of Fisher's protégés, was one such young person. When Fisher met Shine (real name Abdul Malakhi Kamara), he wanted to be a musician, but also a gangster. He had lost his father during the war, and was hanging out with a bad crowd who settled their problems with violence. "You can't work with me with that kind of attitude," Fisher told him. Shine cleaned up his act and has since produced three albums with several hit songs - including one called "No More Beatin', No More Dissin'" - and is working...