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...country. Because of the way 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...

Author: /time Magazine | Title: What Happens to the Clunkers Traded In? | 8/4/2009 | See Source »

...President Obama's interagency task force on detention policy is considering such a plan, and the most likely locations are the military prison in Fort Leavenworth, Kans., and a soon-to-close maximum-security prison in Standish, Mich. The proposal calls for a facility that will include a detention center for terror suspects, courtrooms for criminal trials and military commissions, and a prison for those they sentence. The facility - to be run jointly by the departments of Justice, Homeland Security and Defense - would also house suspects being indefinitely detained, as well as those who have been found innocent...

Author: /time Magazine | Title: New Gitmo Proposal Draws Wide Range of Critics | 8/4/2009 | See Source »

Open-mike-night performers always have to worry about audience members stealing their shtick. But a joke is one thing; what about a business plan? That's a risk for budding entrepreneurs who pay $15 at the door or $20 a month to hone their 90-second pitches onstage. Attendees at the biweekly open-mike events in Philadelphia and Los Angeles offer feedback over booze and pizza, while simulcast viewers weigh in via Twitter. The wide reach makes some participants nervous. "You have no control over who's listening," says Michael Riordan, 26, who unveiled his plan...

Author: /time Magazine | Title: Open-Mike Night for Entrepreneurs | 8/3/2009 | See Source »

Back in California, where park officials are scrambling to see how many parks they'll have to close, Coleman says she and her colleagues will consider all these options in the weeks ahead. In describing her challenge, she referred to the park system's strategic plan titled "Seventh Generation," which plays off an Iroquois Nation concept that every decision in the present must consider how it will impact people seven generations down the line. "It's hard to maintain this thinking when you're dealing with a boom-and-bust cycle, but we owe it to the public to find...

Author: /time Magazine | Title: State Parks Look for Ways of Surviving the Budget Ax | 8/3/2009 | See Source »

...International Security Program at the London-based think tank Chatham House. Eventually, however, the British public will demand that politicians articulate an endgame. "Britain will commit additional troops because there's such a sound logic to it militarily," says Cornish. "But I can't see how we can plan to be there for the next two or three decades. I just don't see how that's possible, both politically and militarily...

Author: /time Magazine | Title: Britain's Soul-Searching Over Its Role in Afghanistan | 8/3/2009 | See Source »

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