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...Almost lost amidst all the headlines about crisis aid to the automakers, the U.S. Department of Energy is now preparing to release $25 billion in loans appropriated last autumn to speed up the transition to more fuel efficient vehicles. The cash is supposed to be used for specific projects that increase fuel economy. Ford, for example, has applied to use some of the federal cash to convert an assembly plant in suburban Detroit from building trucks to building small cars and electric vehicles. The project costs $550 million and Ford hopes to use some of the DOE cash. GM, Chrysler...

Author: /time Magazine | Title: Adding Up the Auto Bailout: $80 Billion and Growing | 5/11/2009 | See Source »

...spokesman for the David Rockefeller Center. Barron said he could not say for certain whether the student would be allowed to keep his or her summer grant. According to Winnie, the OIP would help students secure an alternative placement and allow their grants to fund the new program or project in the event that a cancellation did occur. Harvard’s inaugural Summer Internship Program on Sustainable Development in Mexico has placed eight undergraduates in various rural communities in the southern part of the country. Barron said that as of last Thursday, all eight students still plan to attend...

Author: By Manning Ding, CRIMSON STAFF WRITER | Title: College To Keep Trips to Mexico | 5/11/2009 | See Source »

...standards: 283 sq. ft. (one room, including kitchen plus a bathroom), 360 sq. ft. (ditto), and a 465-sq.-ft. model with a tiny bedroom. In addition to the modest proportions, Tata is relying on economies of scale and careful sourcing of materials to keep costs low. The Mumbai project, for instance, will get its steel from group company Tata Steel, which has plant at nearby Tarapore. Land-acquisition costs will be minimized by giving the original landowner a percentage of each project's returns. The homes will occupy cement buildings no more than two stories high, because construction costs...

Author: /time Magazine | Title: From India: First Nano's $2,000 Car. Now the $7,800 Nano Home | 5/8/2009 | See Source »

...Australian tourism, which has gone into considerable decline amid the current economic recession. Indeed, Southall's role is part of a wider $1.2 million campaign to publicize northeastern Queensland, which officials claim has already generated more than $75 million worth of publicity. The job itself requires Southall, a former project manager at an agricultural company, "to explore the islands of the Great Barrier Reef, swim, and snorkel, make friends with the locals and generally enjoy the tropical Queensland climate and lifestyle." But before his position kicks in on July 1, he talked to TIME about this chance of a lifetime...

Author: /time Magazine | Title: Ben Southall: The Best Job in the World | 5/8/2009 | See Source »

...With the high end of the property market in a downturn, other developers such as Unitech, Puravankara and Ansals are now eyeing low-income housing. ICICI Ventures, the venture funding arm for India's largest private bank, has a project underway in Pune. The apartments, which come in 450 sq. ft. and 800 sq. ft. versions, are priced...

Author: /time Magazine | Title: From India: First Nano's $2,000 Car. Now the $7,800 Nano Home | 5/8/2009 | See Source »

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