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...order to receive federal reimbursement for the subsidy consumers get for trading in their cars, dealers must first destroy the engine. One common method is to drain the car's oil and flood the engine with sodium silicate, or liquid glass. Dealers then turn the car on and rev the engine to let the solution harden. In just a few minutes, the car becomes inoperable. (Read "How Bad Are Auto Sales? 10 Questions and Answers...

Author: /time Magazine | Title: What Happens to the Clunkers Traded In? | 8/4/2009 | See Source »

...even as foreclosures continue apace, most of the cases the office handles—as well as those we’re forced to turn away due to our limited stock of attorneys—fit less conveniently into a narrative. A few types of cases make up the bulk of Legal Aid’s work even as, according to the attorneys in the office, the mix has changed with the downturn. Lost jobs tends to mean more domestic violence-related divorces and more claims from workers who are wrongfully denied unemployment benefits, as well as a greater need...

Author: By Max J Kornblith | Title: Back Home and Down to Earth | 8/4/2009 | See Source »

...Tanzania — Before my arrival in Tanzania, I had a lot of preconceived notions about what Africa was going to be like. I thought it would all be savanna and that it would always be unbearably hot. I thought that I would see poverty at every turn, and that nobody would speak English. I thought I would stick out like a sore thumb because of the color of my skin—and on that count, at least, I was right...

Author: By Kate Leist | Title: My Africa | 8/4/2009 | See Source »

...eclipse in Hong Kong, people ooh-ed, aah-ed, clapped, and sighed with every rogue movement of a cloud or surreptitious inching forward of the moon. It was a show with no language and no tickets. I imagined, across the strip of land that was experiencing total eclipse, people turning in unison as the sky went dark and the sun billowed out at them around a deep black hole. There may be nothing tangible that can unite every person across that strip of land from Varanasi to Shanghai except, perhaps, the fact that for one instant of total eclipse they...

Author: By Vidya B. Viswanathan | Title: The Revealing | 8/4/2009 | See Source »

...right with the markets again. But last week's Shanghai surprise is a foretaste of what can happen if China's vaunted economic recovery turns out to be a dud. The country's better-than-expected GDP performance is one reason for the current view that the global economy is poised to resume growth, an optimistic reading that in turn is helping fuel investment rallies around the world. But stock markets anticipate the state of the economy and corporate earnings months in advance, so today's euphoria can turn into ashes if the reality falls short of expectations...

Author: /time Magazine | Title: China's Soaring Stocks Pose Risk to Global Markets | 8/3/2009 | See Source »

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