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...Economist David Rosenberg at Toronto investment firm Gluskin Sheff worries that today's sales boost could lead to tomorrow's sales slump. He likens the current cash-for-clunker boost to the 0% financing that automakers introduced in the aftermath of the 9/11 attacks in 2001. As a result of those incentives, motor-vehicle sales perked up and the economy got a nice boost. "But what all these gimmicks do is bring forward consumption - they don't create anything more than a brief spending splurge at the expense of future performance," Rosenberg says in a new report, pointing out that...

Author: /time Magazine | Title: Automakers Give Rave Reviews to 'Cash for Clunkers' | 8/4/2009 | See Source »

...ideal of social gender equality (more or less), this story sounded ridiculous to me. And ready for the icing on the cake? This man did not even bother to use a condom. So, that was it. An unprotected sexual encounter between two strangers in sub-Saharan Africa as a result of the mere fate of taking the same taxi. And this man was proud of the night he was privileged to spend in better accommodations than his own. I did not know how to react appropriately, given his obvious pride and my obvious shock and concern...

Author: By James A. Mcfadden | Title: Africa is for Lovers | 8/4/2009 | See Source »

...first democratically elected President in a coup d'état, former general Mohamed Ould Abdel Aziz legitimized his rule with a landslide win in the northern African country's July 18 presidential election. Though opposition candidates rejected the poll as an "electoral coup," international observers maintain that the result appears to be legitimate. The election's peaceful conclusion opens doors for the reintroduction of international aid, much of which was cut off in protest after the 2008 takeover...

Author: /time Magazine | Title: The World | 8/3/2009 | See Source »

...think Bobby Jay will bring the feeling of success and confidence back to Harvard hockey,” Fraser wrote. “The past few years, Harvard hockey has gone through a few situations where the player's confidence and morale was down as a result of certain losing streaks. Although the previous years have demonstrated the strong level of resiliency that Harvard hockey endorses, Jay will undoubtedly help with the attitude of confidence in the locker-room...

Author: By Courtney D. Skinner, CRIMSON STAFF WRITER | Title: Jay Back In Assistant's Role After Two-Year Hiatus | 8/3/2009 | See Source »

...gang at a Nevada casino in 2002. In 2007, a woman was found severely beaten at the door of the group's fortified headquarters in New York City's East Village; heavily armed police raided the building with helicopters hovering overhead, but no charges were immediately filed. As a result, authorities are accustomed to treating the Hells Angels with caution. SWAT teams have monitored Hells Angels' charity motorcycle rides in case trouble breaks out, and teams of police met the bikers in Minnesota as they traveled to Sturgis this summer in a show of force. As officer Steve Ovick told...

Author: /time Magazine | Title: The Hells Angels | 8/3/2009 | See Source »

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