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...program did reduce inventories. Will this affect manufacturers' incentives over the next few months? For the next four to six weeks, it will result in a drop in incentives for most categories. Once the additional production starts arriving on the lots, probably starting in late September, we will see the incentives start to climb back up, and that should last for the rest of the year. (See pictures of the best-selling cars in China...

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

Some dealers thought credit [worthiness] could be an issue, but customers cashing in on the program seemed to have no trouble finding financing. What happened? For one thing, the CFC incentive was used as all or part of the consumers' down payment, automatically increasing loan-approval rates - the bigger the down payment, the higher the approval rates for car loans, everything else being equal. The $4,500 incentive sometimes was doubled by manufacturer incentives. Even if you have less-than-perfect credit, if you put $9,000 down on a $25,000 vehicle, you have a good chance of getting...

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

...culprit, of course, is the economy. A person who has lost a job is going to have a tougher time making the mortgage payment. On top of that, a lot of the moratoriums on foreclosures that lenders put into place while the Obama Administration figured out its loan-rewrite program no longer exist. The foreclosure movie was on pause for a while, but that's no longer the case...

Author: /time Magazine | Title: The Housing Market: Has It Turned the Corner? | 8/26/2009 | See Source »

While Kennedy was unable to cast a vote in this summer's health care battle, his career saw other related victories, including the expansion of health insurance coverage for children with the passage of the State Children's Health Insurance Program...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Mass. Senator Ted Kennedy Dies at 77 | 8/26/2009 | See Source »

...middle are inspiring some hope. "Politics is often the art of finding ladders tall enough to provide leaders who've climbed trees too tall for them with a face-saving manner of climbing down," says Yossi Mekelberg, an associate fellow at the British think tank Chatham House and program director of international relations at Regents College in London. "That climbdown requires that small, careful steps be taken at a consistent pace. Today we're talking about settlement freezes, which is nothing compared to questions like Jerusalem, border placement or the fate of refugees. But you have to start somewhere." (Read...

Author: /time Magazine | Title: Netanyahu in Europe: Hopes for Renewed Peace Talks | 8/26/2009 | See Source »

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