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...Tatsuo Yoshida, senior analyst at UBS Securities Japan, says, "Nissan is very shrewd leveraging politicians and political power." Nowadays, many local and regional politicians jump at the chance to be perceived as sensitive to environmental concerns and so are eager to partner with Nissan. "They want an EV-assembly site or a battery-assembly site as an icon," says Yoshida. "So the motivation of the politicians and the motivation of Nissan matches. It's very clever." (Watch TIME's video about charging your electric car for 60 cents...

Author: /time Magazine | Title: Nissan's New Leaf: An Electric Car and Charging Stations Too | 8/4/2009 | See Source »

...Another smart move for Nissan is what Richter calls the "batteries not included" approach. The lithium-ion batteries that power the Leaf are expensive - about $10,000 per car - so Nissan is leasing battery packs to buyers rather than selling them with the EV, reducing the sticker price...

Author: /time Magazine | Title: Nissan's New Leaf: An Electric Car and Charging Stations Too | 8/4/2009 | See Source »

Just as Wall Street is the embodiment of America's financial industry, "the bazaar" stands for the mercantile and commercial interests that form a core constituency in Iran. Both are physical and metaphorical locations of power. Indeed, the bazaar, the center of Iranian economic life stretching back centuries, has been key to the country's political history. In January 1984, Ayatullah Khomeini addressed bazaar leaders and, while pressing for their support, flattered their importance by proclaiming, "If the bazaars are not in step with the Islamic Republic, the public will suffer defeat." So which way is the bazaar leaning...

Author: /time Magazine | Title: Iran's Wall Street: Whom Does the Bazaar Back? | 8/3/2009 | See Source »

Some observers, however, believe the power of the bazaaris as a whole has been slipping. As Iran's economy slowly re-entered the global economy over the past 20 years, certain bazaar members made out well as long as they could maintain special relationships with the government, which handed out licenses to import and export goods and gave more favorable exchange rates to certain traders. But ironically, as postrevolutionary Iran's economy diversified, with malls sprouting up in Tehran neighborhoods that catered to the tastes of an expanded middle class, the bazaar may be slowly losing its central place...

Author: /time Magazine | Title: Iran's Wall Street: Whom Does the Bazaar Back? | 8/3/2009 | See Source »

...however, the war in Afghanistan has led to soul-searching over the role of the country's troops not only in NATO but in the wider world as well. Still shaped by its fortitude in the "good war" against the Nazis, Britain has had its conception of its military power - and its confidence in what it's fighting for - shaken by the more recent conflicts in Iraq and, now, Afghanistan. "We still have a very strong and patriotic affection for our troops," says Chatham House's Cornish. "But many British people feel conflicted by the desire to support our troops...

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

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