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...city), the first car to ever earn triple-digit fuel efficiency. Not to be outdone, Nissan fired back a few days later to its Twitter base of fans that its just-announced all-electric Nissan Leaf would be rated at 367 m.p.g., also using EPA guidelines. (See the 50 worst cars of all time...

Author: /time Magazine | Title: The Volt's 230 M.P.G.: Is M.P.G. Still Relevant? | 8/14/2009 | See Source »

...doesn't seem too crushed by his losses. "A billion dollars doesn't buy what it used to. So it's not as tragic as one would assume," he says. "I say to my wife that the worst tragedy I could have in business deserves a two-hour cry, and I scale down from there. I didn't cry one moment." When his wife asked him to cut back on expenses, he dismissed the suggestion, telling her he still had more money than they could ever spend. Eventually he capitulated: whenever possible, he uses his small private jet instead...

Author: /time Magazine | Title: Less Vegas: The Casino Town Bets on a Comeback | 8/14/2009 | See Source »

...billions of dollars sitting on the sidelines that will come in, pushing the market higher. Do you agree? We've been through a secular bear market that really began in 2000. Adjusted for inflation, the S&P 500 is down 65% since then. We've been through the worst 10-year period of stock returns on the S&P in the history of American equities. But I think we saw the bottom of the secular bear market [at the March lows]. My view is that the money is coming back...

Author: /time Magazine | Title: Why an Investment Guru Is Bullish on Recovery | 8/13/2009 | See Source »

...Thursday with the news that they have lifted themselves out of recession with Q2 growth of 0.3% each. Meanwhile, the 16 intertwined economies of the euro zone have shrunk less than expected during the second quarter of 2009. But, experts warn, don't go saying that Europe's worst economic crisis in half a century is over just...

Author: /time Magazine | Title: France and Germany Climb Out of Recession | 8/13/2009 | See Source »

...near the end of World War II, Scheungraber was a 25-year-old German army officer based in Italy. According to the court, after Italian partisans killed two German soldiers, a mountain infantry battalion set out on a brutal revenge operation with Scheungraber in command. The worst atrocity took place at a farm in the Tuscan village of Falzano Di Cortona in June 1944. The court said Scheungraber ordered his soldiers to round up 11 Italian men, who were herded into a barn and locked inside. The Germans then blew up the barn, leaving only one survivor, a 15-year...

Author: /time Magazine | Title: Ex-Officer Gets Life for Nazi War Crimes | 8/12/2009 | See Source »

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