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...program did reduce inventories. Will this affect manufacturers' incentives over the next few months? For the next four to six weeks, it will result in a drop in incentives for most categories. Once the additional production starts arriving on the lots, probably starting in late September, we will see the incentives start to climb back up, and that should last for the rest of the year. (See pictures of the best-selling cars in China...

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

...volatile. The margin of error on July's 9.6% gain, for instance, is plus or minus 13.4%. In other words, strictly speaking, the Commerce Department can't be sure the figure didn't actually go down. For that reason, new-home sales are best looked at over five or six months. There's still reason for optimism: a four-month string of increases is starting to get to the point at which one can legitimately call the trend significant. That's especially true when overlaid with data from the National Association of Realtors that show sales of previously owned houses...

Author: /time Magazine | Title: The Housing Market: Has It Turned the Corner? | 8/26/2009 | See Source »

...reason for the wait is biological. The first volunteers to test the new vaccine were inoculated in August, and because most people will not have any existing immunity to H1N1, it will require two shots, spaced three weeks apart, to educate the immune system to recognize H1N1, and another six to eight weeks after that to generate true immunity to the virus. That's when scientists will know if the vaccine provided enough protection to allow the bottled inoculations to be shipped. After decades of making flu vaccines, the scientists are sure they know what they're doing. Indeed...

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

...ancient civilization with a rich and diverse heritage, India remains uncomfortable with the defining event of its modern political history - the cataclysmic Partition of 1947 that left a million people dead in fratricidal massacres and caused the largest-ever cross-migration in human history. Six decades after that bloody split which doomed India to seemingly eternal enmity with its conjoined twin, the state of Pakistan, Partition still defines the contours of Indian politics and some of its biggest challenges, from the festering dispute in Kashmir to Islamist and Hindu right-wing terrorism...

Author: /time Magazine | Title: India's Opposition Struggles With Past and Present | 8/26/2009 | See Source »

That status quo now consists of a full-bore pursuit of a nuclear-weapons program - despite a pledge to cease and desist at the so-called six-party talks held during the Bush Administration - as well as a long-range missile development program that continues despite a U.N. resolution calling for its end. The North, moreover, has already attached an important condition to its re-engagement: last week, its diplomats told New Mexico Governor Bill Richardson, the former U.S. ambassador to the U.N. under Bill Clinton, that Pyongyang would return to the negotiating table only if it could deal directly...

Author: /time Magazine | Title: North Korea Makes Nice: An Opening for the U.S.? | 8/25/2009 | See Source »

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