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...value. For recyclers, who pay upwards of $700 to process each vehicle before they know the condition of the model they're getting, the provision eliminates much of the upside. "It's almost like mining for gold," Wilson says. "There's a lot of sifting, and maybe it's worth it for the recycler, but maybe...

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

...drank more than 138 million gallons (525 million liters) of the stuff in 2008. That's just a drop in Europe's 15 billion-gallon (56 billion liter) beer market, but it's growing fast. In the five years to 2008, sales in Europe climbed 50%, and are now worth $2.5 billion a year. And it's not just Europeans who are guzzling nonalcoholic beer - defined as containing less than 0.05% alcohol, roughly the same level as fruit juice. Over the same period, sales doubled in the Middle East and Africa, and are up in Japan and elsewhere in Asia...

Author: /time Magazine | Title: A Lighter Brew: Nonalcoholic Beer | 8/3/2009 | See Source »

...three from Saltcoats, Scotland, the benefits of near beer are obvious. "I can go to a party, drink a good-flavored beer and drive home," she says. "And when my kids get up at 7 a.m. the next morning, I don't have a hangover." Now that's worth raising a glass to. With reporting by Lisa Abend / Cadaqu...

Author: /time Magazine | Title: A Lighter Brew: Nonalcoholic Beer | 8/3/2009 | See Source »

...Deal Weeks of deadlocked negotiations came to an end on July 20 when California Governor Arnold Schwarzenegger and legislators announced they had reached an agreement to close the state's $26.3 billion budget shortfall. The deal employs a combination of shifted funds, massive borrowing and more than $15.5 billion worth of cuts to major government programs. Comparing the budget sessions to a "suspense movie," Schwarzenegger thwarted a request by state Democrats to raise taxes and said the $12.9 billion hike in February was enough. Having issued some $680 million in IOUs and put nearly every member of the state workforce...

Author: /time Magazine | Title: The World | 8/3/2009 | See Source »

...such conversations became less common, taxi rides turned more subdued. Citizens fell back on the old Persian habits of evasion and mistrust. For all of the bravery witnessed in the gathering crowds, many us felt compelled to run scared when we were by ourselves. It just wasn't worth it, not yet, to defy this government standing alone...

Author: /time Magazine | Title: A Reporter's Diary: Making a Tricky Exit From Iran | 8/3/2009 | See Source »

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