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...many cars were sold through the program? The official total sales that were directly because of the program will be right around 700,000 units. The average incentive - based on the most recent data available - was around $4,200. If we simply divide $3 billion by $4,200, we get about 714,000 units. The original forecast for 250,000 units was based on the initial $1 billion budget for the program...

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

...manufacturers like GM, Hyundai and Ford wise to boost production at this point in the economic cycle? Yes, as long as the production increases are done for the right type of vehicles - such as high-demand, low-supply, gas-efficient cars and crossovers - and for the right price point. Recently announced production increases are modest and fit this description; therefore, I'd agree with them. The worst-case scenario for dealers - and the manufacturers - is to have qualified buyers on your lot and not have the inventory to sell. (See the most exciting cars...

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

...That doesn't mean, however, that anyone will get an unproven vaccine. The vials will stay right where they are until the testing is completed--and for now, those trials are going well. Secretary of Health and Human Services Kathleen Sebelius, also speaking at the workshop, noted that "So far there are no red flags. I think we are on target for mid-October to have the vaccine coming off the production lines...

Author: /time Magazine | Title: Behind the Unproven H1N1 Flu Vaccine | 8/26/2009 | See Source »

...Reagan's past radio shows a previously ignored gold mine of stunning quotes. Kennedy ended the indictment with one of the most far-fetched: "Fascism was really the basis of the New Deal." Then he drove the point home. "And that nominee, whose name is Ronald Reagan, has no right to quote Franklin Delano Roosevelt" - which Reagan did all the time...

Author: /time Magazine | Title: Bob Shrum Recalls Ted Kennedy's Greatest Speech | 8/26/2009 | See Source »

...live only 25 minutes apart on Cape Cod - and then a harrowing day and a half in Denver. It was courage and conviction about the true purpose of politics that brought him to this moment. He spoke of economic justice, of equality, of health care as a fundamental right, of war and peace. He passed the torch to Barack Obama - to whose candidacy he had given a decisive endorsement the winter before. And he touched millions of hearts one more time: "The work begins anew, the hope rises again, and the dream lives on." (Read Joe Klein on Ted Kennedy...

Author: /time Magazine | Title: Bob Shrum Recalls Ted Kennedy's Greatest Speech | 8/26/2009 | See Source »

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