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...Even Chrysler managed to draw some good news from the program. "While we don't expect the industry sales forecast to change dramatically, we are seeing encouraging signs that consumer confidence is building and more consumers are considering purchasing a new vehicle," said Peter Fong, the lead executive for Chrysler's reorganized sales organization. The automaker's total sales dropped 9% for July, but dealer inventories declined significantly and retail sales grew as consumer traffic more than doubled in the last week of the month, Fong said...

Author: /time Magazine | Title: Automakers Give Rave Reviews to 'Cash for Clunkers' | 8/4/2009 | See Source »

...everyone sees the program as a win-win. Economist David Rosenberg at Toronto investment firm Gluskin Sheff worries that today's sales boost could lead to tomorrow's sales slump. He likens the current cash-for-clunker boost to the 0% financing that automakers introduced in the aftermath of the 9/11 attacks in 2001. As a result of those incentives, motor-vehicle sales perked up and the economy got a nice boost. "But what all these gimmicks do is bring forward consumption - they don't create anything more than a brief spending splurge at the expense of future performance," Rosenberg...

Author: /time Magazine | Title: Automakers Give Rave Reviews to 'Cash for Clunkers' | 8/4/2009 | See Source »

...addition, say the authors, if kids watch TV too close to bedtime, their minds may remain stimulated just enough to keep them awake and miss out on precious hours of sleep. Cutting short a good night's slumber, past research suggests, can lead to weight gain and hypertension, since the body's metabolism doesn't have enough opportunity to recharge and renew itself overnight...

Author: /time Magazine | Title: Watching TV: Even Worse for Kids Than You Think | 8/4/2009 | See Source »

Perhaps. The truth is that I could not be certain why agents had come after me or where it would lead. This was the problem, of course: the uncertainty. Regimes like the Islamic Republic excel in sowing doubt. Without transparency, and allowed unfettered access to my own imagination, I started to question everyone, including my own friends. Had one of them sold me out? Who could I trust? It was a path of suspicion that led unexpectedly to myself. I began to understand Rubashov in his cell, in Arthur Koestler's Darkness at Noon, a man driven...

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

...presidential election. State media had already placed the source of the trouble outside of the country. The news for days ran footage of "voluntary" confessions by local citizens led astray by foreign elements, the latter typically Iranians operating out of the U.K. (the British had been cast as the lead villain this time around). As a kharaji, or foreigner, who had arrived on a flight from London shortly before the vote, I fit the profile of the state's narrative too well. The machinery had little choice but to check up on me, its logic dictating the visits by paired...

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

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