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...cash incentives to Japanese who want to purchase hybrid or fully electric vehicles. Incentives will reduce the cost of the i-MiEV by 30% to $33,100. That should help Mitsubishi meet its production targets of 2,000 i-MiEVs in the next 12 months, 6,000 in the second year of production and 15,000 the following year. Mitsubishi says it can turn a profit on electric cars when it reaches an annual production volume of 30,000 a year...

Author: /time Magazine | Title: In Japan, Testing the Market for All-Electric Cars | 6/9/2009 | See Source »

...immediate price cut to $99 for last year's model - not to mention a passel of new features coming in the smartphones' operating-system upgrade on June 17 - Apple's competition is that speck you now see in the rearview mirror. Oh, wait, it was there just a second...

Author: /time Magazine | Title: Apple Unveils the New iPhone: Hail, O Great One | 6/9/2009 | See Source »

...have to go back close to 100 years to find a worse result for Labour in a national poll. In a couple of southern English regions, the party fell to fifth behind the Greens; Labour came second to the Conservatives in Wales, where it has won in election after election for decades. (Read "Europe's Voters Reward the Right...

Author: /time Magazine | Title: European Elections: A Blow to Brown, Boost for Merkel | 6/8/2009 | See Source »

...meeting this evening between Brown and Labour MPs. Despite the rumpus, though, there are reasons Brown - only two years into his premiership - could yet cling on. Rebel MPs have so far shown little sign of uniting around a single replacement for Brown. Even if they manage to, choosing a second successive unelected Prime Minister would make an immediate general election almost inevitable. - Adam Smith / London

Author: /time Magazine | Title: European Elections: A Blow to Brown, Boost for Merkel | 6/8/2009 | See Source »

...turnout also helped extremist, single-issue parties and oddball candidates seize seats. In the Netherlands, the Freedom Party, headed by anti-Islam campaigner Geert Wilders, came second to the ruling Christian Democrats with 17%, pushing the Labour Party into third place. Anti-Gypsy extremists in Hungary and Slovakia won seats. In Austria, two far-right parties earned 18%, while Finland's anti-immigrant True Finns won 10% of the vote. And Britain's UKIP, who won 13 of the 72 British seats despite having no members in the 646-member House of Commons, will be joined by two European Parliament...

Author: /time Magazine | Title: Europe's Voters Reward the Right | 6/8/2009 | See Source »

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