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...young, untested companies get such generous taxpayer funding? Promising technology certainly counts, but it also pays to have potent political allies. Tesla, founded by the boyish 37-year-old Elon Musk, who made a fortune creating and then selling PayPal to eBay, has drawn support from California environmentalists and political figures such as Speaker Nancy Pelosi and Senator Barbara Boxer, both California Democrats, while Fisker's owners include Kleiner Perkins Caufield & Byers, one of Silicon Valley's most successful venture-capital firms, whose partners include former Vice President Al Gore. "This investment will create thousands of new American jobs...

Author: /time Magazine | Title: The U.S. Bets a Billion on New High-Tech Automakers | 10/7/2009 | See Source »

Tesla says it will use the loans to support two specific projects, including the U.S.-based production, engineering and assembly of the Model S, an all-electric family sedan. The Model S assembly plant will employ about 1,000 workers in Southern California. "We're already engineering the Model S, a seven-seater family sedan that will have a base price of $49,900 after a federal tax credit that will [over the longer term] cost the equivalent of a car that retails for $35,000, given the relatively expensive cost of gasoline vs. electricity," says Diarmuid O'Connell, Tesla...

Author: /time Magazine | Title: The U.S. Bets a Billion on New High-Tech Automakers | 10/7/2009 | See Source »

...Marshal's Office would have responded to Beyler's report. The political reality is that the death penalty is unlikely to be an issue in the March Republican primary, says Bill Miller, an Austin political consultant, and it has never had much traction in fall contests, given the wide support for the penalty among both Democratic and Republican voters in the state. Could it be simply an expression of his power? Hubris? Acting because he can? "Well, it is his board," says Miller with a laugh...

Author: /time Magazine | Title: Why Did Texas Gut Its Forensics Commission? | 10/6/2009 | See Source »

...bitter rivals in Hamas, which is why the Islamists may have been more taken aback than anyone else at the massive political gift presented to them on Oct. 2 by the Palestinian Authority President. At the instruction of Abbas, the Palestinian delegation to the U.N. Human Rights Council withdrew support for moves to pursue war-crimes charges over Israel's January offensive in Gaza, effectively shelving U.N. action on an inquiry led by former international war-crimes prosecutor Richard Goldstone that accused both Israel and Hamas of war crimes. So furious has been the reaction of Palestinians across the political...

Author: /time Magazine | Title: Abbas' Move on War-Crimes Report: A Boost for Hamas | 10/6/2009 | See Source »

...despite the darkening state of affairs, a few bright sparks remain. Local elections for Afghanistan's 34 provincial councils, which have been all but overshadowed by the presidential race, have produced results that prove that Afghans not only wholeheartedly support the idea of democracy, but also that they are far more liberal and progressive than the rest of the world might suspect. Tarana, dressed in slim black trousers under a tight black coat accented with a flashy silver headscarf, compares herself with her bearded, conservative predecessors on the council. "Afghans are not like what you hear from other countries, that...

Author: /time Magazine | Title: An Afghan Idol's Political Star Turn | 10/6/2009 | See Source »

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