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...clunker program borrowed sales from future months, so we'll soon be hit with an ugly payback. I think that the payback-factor predictions for this program have been greatly exaggerated. I would argue that hundreds of thousands of potential new car buyers actually postponed buying a car within the last year due to economic uncertainty, and some of them ended up buying within the last few weeks due to the CFC program. That is, it motivated people to buy who had not been planning to do so, which means there shouldn't be a bad sales payback. Having said...

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

...they could? There were definitely works of art they were determined to steal. An example would be the so-called big three from Krakow - Leonardo's Lady with an Ermine, Rembrandt's Landscape with the Good Samaritan and Raphael's Portrait of a Young Man. The Nazis seized them within two months of the 1939 invasion [of Poland]. They didn't go where the works of art were supposed to be hanging in the museums. They went to the country house where they had been hidden because their intelligence was so good...

Author: /time Magazine | Title: Saving Europe's Art from the Nazis | 8/25/2009 | See Source »

...stop the rule, or the bill, from coming to the floor," Stupak says, adding that as many as 39 Democratic members of Congress may join him in the effort. It remains unclear how the Senate will deal with the abortion issue. There is also no consensus within the Democratic Party about whether a public option should be included in final health-care-reform legislation...

Author: /time Magazine | Title: How Abortion Could Imperil Health-Care Reform | 8/24/2009 | See Source »

While more powerful reformists than Karroubi have stuck to vague appeals for justice, Karroubi is confronting the government with specific charges and has advanced a clear political platform, making himself a lightning rod for criticism from within the regime. And it's far from clear that Karroubi's more confrontational approach will yield results against a government willing to deploy overwhelming force to maintain its grip on power. Over the weekend, in fact, opposition activists were dismayed to hear reports that former President Ali Akbar Hashemi Rafsanjani had called for unity and for all Iranians to follow Supreme Leader Ayatullah...

Author: /time Magazine | Title: Iran's Karroubi Tries a More Confrontational Approach | 8/24/2009 | See Source »

Still, the newfound role of renegade seems to suit Karroubi, the 72-year-old cleric who once enjoyed impeccable credentials within the Islamic Republic. Indeed, Karroubi is a battle-hardened revolutionary, having served time in prison during the Shah's reign, studied under Ayatullah Khomeini and served as speaker of parliament until 2004. In 2005, he placed third in the first round of presidential elections, losing out to then mayor of Tehran Mahmoud Ahmadinejad, in a race that Karroubi later alleged was rigged. After his defeat in 2005, he remained on the offensive, forming a political party and newspaper...

Author: /time Magazine | Title: Iran's Karroubi Tries a More Confrontational Approach | 8/24/2009 | See Source »

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