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...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's vice president of business development...

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

...really pretty simple: if he believes McChrystal can turn things around by getting all the troops he seeks, Obama will agree (most likely minus a small Commander in Chief tax to show who's really in charge). But if McChrystal can't promise something resembling success by 2012, look for Obama to shift to a more modest strategy, with more modest goals, and paint it as realism rather than retreat...

Author: /time Magazine | Title: Eight Years in Afghanistan: Can the U.S. Still Win? | 10/7/2009 | See Source »

...importer in Asia. But at the moment, Hong Kong, which is a part of China but has its own system of government, is not in a strong position to become sommelier to its big brother. Authorities in Beijing subject wine imports, including those from Hong Kong, to a 48% tax, and allow Chinese customs officials to seize three bottles from every shipment for "testing" - a major barrier to importing high-priced wines where bottles can be worth thousands of dollars. A Hong Kong industry group is trying to convince Bejing to allow wine imported to Hong Kong to pass into...

Author: /time Magazine | Title: Vintage Wines Fetch Record Prices in Hong Kong | 10/7/2009 | See Source »

...Read "Ex-Wives Eagerly Await UBS Tax-Cheater List...

Author: /time Magazine | Title: Why Is the UBS Whistle-Blower Headed to Prison? | 10/6/2009 | See Source »

...Read "Cracking Down on Tax Evaders...

Author: /time Magazine | Title: Why Is the UBS Whistle-Blower Headed to Prison? | 10/6/2009 | See Source »

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