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...small-scale startup founded by former Ralph Lauren executive and philanthropist Miles Rubin. Coda Automotive, Rubin's next project, takes that relationship a step further. The Coda sedan (the body is made by another Chinese auto company, Hafei Motor) will run for about $45,000 when it goes on sale in California in 2010. Coda expects to sell about 2,700 cars in the first year, with an annual sales target of around 20,000. For Coda's Czinger, the China connection allows him to keep his costs low and, more importantly, to manufacture on demand, which cuts his risk...

Author: /time Magazine | Title: Electric Cars: China's Power Play | 8/31/2009 | See Source »

Then there's the fancifully named group the Call and the Pickax, which wants the state to stop profitable supermarkets increasing prices on food. At a prearranged time its members gather in a supermarket aisle, help themselves to the food for sale and hold a "free" picnic for financially squeezed shoppers. Somehow, television cameras and photographers always seem to be on hand...

Author: /time Magazine | Title: France's New Strike Force | 8/31/2009 | See Source »

Then there's the other end of the spectrum: the cities where houses for sale look inexpensive compared with rentals. The top 10 metro areas on that list are Cleveland, Phoenix, Las Vegas, Cincinnati and, in California, Oakland, Riverside, Sacramento, San Francisco, Los Angeles and San Jose. An important caveat: those cities' 15-year price-to-rent ratios include the bubble years. Does Las Vegas appear cheap? Sure. The current ratio there is 14.6, significantly below where it's been over the past 15 years (19.3). But that average has been influenced by the go-go years. Exclude them...

Author: /time Magazine | Title: Own-ward Bound? | 8/31/2009 | See Source »

...statement, the Israeli Foreign Ministry said that Peres had discussed "the sale of Russian weapons and military hardware to countries hostile to Israel" with his Russian counterpart, Dmitri Medvedev, on that day during four hours of closed-door talks in the Russian city of Sochi. According to the statement, Peres "stressed that Israel has concrete proof of Russian weapons being transferred to terrorist organizations by Iran and Syria, especially to Hamas and Hizballah." A spokeswoman for the Israeli President declined to elaborate on any connection with the Arctic Sea. In a parallel statement, the Kremlin did not mention weapons sales...

Author: /time Magazine | Title: Was Russia's 'Hijacked' Ship Carrying Missiles to the Mideast? | 8/31/2009 | See Source »

Researchers find that people will buy something on sale even if the reduced price is higher than the regular price at another store. "Just seeing the difference between the full and reduced price motivates the purchases," explains Ellen Ruppel Shell in her new book, Cheap: The High Cost of Discount Culture. "It is as though, rather than spending the cost of the product, we're actually earning the savings...

Author: /time Magazine | Title: Cash for Clunkers: The Bribery Stimulus | 8/27/2009 | See Source »

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