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...price of gas at a high enough level to discourage driving - and it would generate revenue that could be used for a number of green programs, including cash for clunkers. Certainly, efficiency is an important goal - a new report from McKinsey & Co. found that the U.S. economy could save $1.2 trillion through 2020 by investing $520 billion in various efficiency investments - and encouraging the switch to less wasteful cars is smart policy. But unless we end the era of cheap gas too, those savings will go down the drain...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...nearly 25% and Honda's fell 17%, despite the government incentive program. However, Jim Lentz, Toyota Motor Sales president, said the cash-for-clunkers program reduced the recessionary drag on sales and offered a nice dividend for the environment. "Clunker-related Toyota sales over the seven days alone will save customers an estimated 8 million gal. of gas and $20 million in gas spending over the next year," he said. (See the best cars from the 2009 Detroit Auto Show...

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

...threat. Senator Sam Brownback and Representative Jerry Moran, both Kansas Republicans, are leading the not-in-our-backyard brigade at Fort Leavenworth; both have denounced the task force's proposal as a bad idea. (There are indications that there may be local support for the Standish plan, which would save the 600-cell prison from imminent closure and preserve local jobs.) "My belief is that at this point those prisoners belong in Guantánamo Bay," Moran told Fox News. "Maybe there's something that needs to be done in regard to the trial or the ability to release [detainees...

Author: /time Magazine | Title: New Gitmo Proposal Draws Wide Range of Critics | 8/4/2009 | See Source »

...movie," Schwarzenegger thwarted a request by state Democrats to raise taxes and said the $12.9 billion hike in February was enough. Having issued some $680 million in IOUs and put nearly every member of the state workforce on a mandatory three-days-a-month furlough program, California plans to save an additional $1.2 billion by deferring employee paychecks until the next fiscal year...

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

...most of us are all too familiar with the annoyances that come with compact fluorescent lamps. Yeah, yeah, CFLs use about a third as much energy as old-school incandescent bulbs, last many times as long and can save consumers an average of $50 over the life of a bulb. But the light that standard CFLs give off doesn't seem inviting, they can't be used with a dimmer, and they take way too long to turn...

Author: /time Magazine | Title: Better Bulbs | 8/3/2009 | See Source »

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