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...outrage. Opposition lawmakers blame the death on the MACC and accuse the authorities of unleashing the commission against them. Veteran opposition lawmaker Lim Kit Siang is demanding a Royal Commission of Inquiry into all the circumstances leading to Mr Teoh's death. "The people are entitled to know the whole truth," he told TIME...

Author: /time Magazine | Title: Why the Honeymoon is Over for Malaysia's New PM | 8/6/2009 | See Source »

...initial data released by Department of Transportation, however, shows that so far cash for clunkers has been a green success. The clunkers averaged 15.8 m.p.g., compared with 25.4 m.p.g. for the new vehicles purchased, for an average fuel-economy increase of 61%. On the whole, American drivers are trading in inefficient trucks and SUVs for much more efficient passenger cars. Car manufacturers like Nissan are already retooling some models to improve their fuel economy so they can qualify for the credits. The early numbers were enough to convince California Senator Dianne Feinstein to go from criticizing cash for clunkers...

Author: /time Magazine | Title: Cash for Clunkers: How Big an Environmental Boost? | 8/5/2009 | See Source »

...other grownups, and for my birthday I got a new iPhone. Computers and GPS devices are what we have today instead of Etch A Sketches and Erector Sets and Morse-code telegraph kits. Adults of my parents' generation did not bicycle, roller-skate, or play army; adults today spend whole weekends mountain-biking, snowboarding, and dressing up in camouflage gear to fire paint balls at each other...

Author: /time Magazine | Title: Boomers: Older and Maybe, Finally Wiser | 8/5/2009 | See Source »

...partnerships around the world to clear the way for EVs. "They know people are going to need [an electric-vehicle ecosystem] and it's got to be part of the package," says Chris Richter, senior research analyst for CLSA, a Hong Kong-based brokerage. "Nissan is pulling together the whole package of subsidies, charging, recycling of batteries - the whole kit." (See the 12 most important cars of all time...

Author: /time Magazine | Title: Nissan's New Leaf: An Electric Car and Charging Stations Too | 8/4/2009 | See Source »

Some observers, however, believe the power of the bazaaris as a whole has been slipping. As Iran's economy slowly re-entered the global economy over the past 20 years, certain bazaar members made out well as long as they could maintain special relationships with the government, which handed out licenses to import and export goods and gave more favorable exchange rates to certain traders. But ironically, as postrevolutionary Iran's economy diversified, with malls sprouting up in Tehran neighborhoods that catered to the tastes of an expanded middle class, the bazaar may be slowly losing its central place...

Author: /time Magazine | Title: Iran's Wall Street: Whom Does the Bazaar Back? | 8/3/2009 | See Source »

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