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Some economists worry that the clunker program borrowed sales from future months, so we'll soon be hit with an ugly payback. I think that the payback-factor predictions for this program have been greatly exaggerated. I would argue that hundreds of thousands of potential new car buyers actually postponed...

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

How would you describe your consulting colleagues? Somewhat different from your philosophy classmates, I would guess. Businesspeople get a little bit of bad press, sometimes. There are a lot of normal and ethical people. But at the tip of the profession, the people who make it to a high level...

Author: /time Magazine | Title: Are Management Consultants Necessary? | 8/24/2009 | See Source »

Chu is also becoming the chief financier for the U.S. clean-energy sector, retooling a sclerotic department to shell out about $39 billion worth of short-term stimulus projects - nearly 150% of its normal annual budget - while reorienting its long-term research and development toward artificial photosynthesis, advanced batteries and...

Author: /time Magazine | Title: Can Steven Chu Win the Fight Over Global Warming? | 8/23/2009 | See Source »

European companies are especially drawn to Libya because its so close to Europe; Italy, for example, avoids giant shipping costs involved in importing oil and gas from the Persian Gulf, by bringing in natural gas through a pipe under the Mediterranean. Libya is keen for investment to help fund much...

Author: /time Magazine | Title: Was Oil Part of a Deal for the Lockerbie Bomber? | 8/22/2009 | See Source »

Libya sits atop massive energy reserves, much of which have languished through decades of sanctions. The British oil company BP last year estimated Libya's proven reserves at about 41.5 billion barrels of high-grade oil, and about 1.49 trillion cubic meters of natural gas, which makes it the 10th...

Author: /time Magazine | Title: Was Oil Part of a Deal for the Lockerbie Bomber? | 8/22/2009 | See Source »

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