A Nostalgic Look at Iran's Classic Car | Bipartisan Deal Reached on Budget | Ouster in North Korea Leaves World Watching

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Wednesday, December 11, 2013

A Paykan used as a taxi in the Iranian city of Rasht. October 18, 2007 (Bastian/flickr)

The Economic Impact of the Volcker Rule | Mary T. Barra Named CEO of General Motors | Paykan: A Nostalgic Look at Iran's Classic Car | Bipartisan Deal Reached on Budget | Ouster in North Korea Leaves World Watching | Securing the World's Nuclear Aresnal

The Economic Impact of the Volcker Rule

This week, financial regulatory agencies officially approved the Volcker Rule, passed as the centerpiece of the Dodd-Frank Act in June 2010. Kathryn Wylde, Deputy Chair of the Board of the Federal Reserve of New York, compares the final iteration of the Volcker Rule to what Volcker originally devised, and describes how the Rule might influence the U.S.'s economic future. 

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What's in Store for Mary T. Barra at General Motors?

Automaker General Motors tapped a new leader this week. The company’s newest CEO, Mary T. Barra, will be the first woman to lead GM. She inherits a company that’s no longer in big financial trouble, but GM’s biggest challenges are likely to be conceptual. Jaclyn Trop, an automotive reporter for our partner The New York Times based in Detroit, tells The Takeaway what's in store for Barra.

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The Nostalgic Road from Detroit to Tehran

While the world may be waiting to see how the nuclear deal between the U.S. and Iran shakes out, people in Iran's auto industry are far more anxious to see U.S. sanctions lifted and the revival of the car market. The Paykan, a homely little car, may just be a bridge between two divided nations. Shahin Armin, a seasoned expert in all things Paykan, joins The Takeaway to discuss what sanctions have done to Iran's auto industry.

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Bipartisan Deal Reached on Budget

There must be something in the water in Washington, D.C.—it's another day and another bipartisan deal has gone through. House Republicans and Senate Democrats struck a budget deal a whole 35 days before the January 15 deadline when the government would run out of money. Todd Zwillich, Takeaway Washington Correspondent, breaks down what's in the deal.

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Ouster in North Korea Leaves World Watching

On Monday, North Korean leader Kim Jong-Un ousted his uncle and mentor Jang Song-thaek from office, for what the ruling party described as “criminal acts that baffle imagination." Joining The Takeaway to weigh in on the significance of this disruption to the reclusive state’s power structure is Thomas Hubbard, former Ambassador to South Korea from 2001 to 2004 and chairman of the Korea Society.

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The Case Against Nukes, Even in Peacetime

About 62 percent of Americans think no nation should have a nuclear arsenal—not even the U.S. Globally, the world's nuclear powers have 17,000 weapons combined—a number that's growing. Joe Cirincione is president of Ploughshares Fund and author of "Nuclear Nightmares: Securing the World Before It Is Too Late." In his new book, he argues that the proliferation of nuclear weapons poses a real threat to us all—even in times of safety and peace. 

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Comments [12]

CB from New York

In 1973 I bought a tomato red 1957 VW bug with a black racing stripe on both sides. It had a small oval back window and the heating system was controlled by the kind of knob you find on plumbing fixtures. I was told it the last year VW's were made in Germany. I drove it until it would barely accelerate, which led to some anxious moments crossing railroad crossings. A friend told me I could not go anywhere anonymously since the car was one of a kind and easily spotted.

Dec. 11 2013 03:39 PM
Jim from Brooklyn, NY

A few years ago I developed a nostalgia for cars I never had - 70s British convertibles. Hurricane Sandy ate my '78 MG Midget, but now I've got Triumph Spitfire, same year.

Dec. 11 2013 03:34 PM
mumtothree from Boston

The car holding the most memories was a plain, gray 1969 Rambler American station wagon, with a "three-on-the-tree" manual transmission. As soon as we were allowed to have a car on Grounds, the Rambler rolled to U.Va., where my sister and I shared it.although we didn't live together. Dad didn't have to think about how we would get to and from college ever again. A great investment, in retrospect - the most convenience for the most people. And we both know how to drive a standard.

Dec. 11 2013 03:20 PM
Kristine from South Jordan, Ut

My husband and I bought our first car together in 1999 a Subaru Outback Sport. We brought all three of our babies home in that car. It provided the travel means for many adventures across the United States as a couple and family. It got us through our college years and first jobs. It took us up the mountain countless times through winter weather to ski. When it finally died 14 years later we found a picture of my husband and I taken July 1999, the month we bought the car tucked in the owner's manual. In 2013 we returned to the same dealership to buy a new Subaru, the same salesmen Chet that sold us our 1999 car was still there. Things change, but not that much.

Dec. 11 2013 03:06 PM
GilesB from Minneapolis

The Beatles all had minis -- the car of the then Brit fashion present. Not an MG-A, a car of the past. Then there was John Lennon's psychedelic Roller.

Dec. 11 2013 03:02 PM
Kate Meyers

My nostalgic car was my first car-a white corvair with red vinyl interior and red racing stripe in the drivers side. My father bought it for me when I was senior in high school-1966-68. I loved the gear shift on the dash.

Dec. 11 2013 02:43 PM
Erica Buchanan from Middletown, Rhode Island

The car that was the love of my life was my 1967 VW split window Bus. I rebuilt the entire engine myself and new how to fix anything on it. I spent several summers living in it while windsurfing on the Columbia River Gorge in Oregon. Then, 21 years ago I met my husband while he was living in his truck and windsurfing too. It was such a youthful and exciting time. I sold it to a friend and later it ended up sitting in the woods for 10+ years. I just found out a couple of months ago a young couple from CA bought what's left of it and is fixing it up, bringing it back to life. I am happy for it and would love to see it again.

Dec. 11 2013 02:43 PM
Theresa from Newton, MA

Our family 1970's Oldsmobile Vista Cruiser...had a third row that we fought to sit in. All four of us learned to drive on that car. We had it so long that the speedometer went around twice...we were all in the car when it rolled back to 1! Lot's of found memories.

Dec. 11 2013 02:41 PM
George Smith from Kailua-Kona, Hawaii

My senior year in high school (1961) was spent in Riverside, CA, at the height of 'you are what you drive' SoCal auto mania. In a parking lot full of hot rods, '57 Chevys, and the occassional Corvette, I was driving a tomato soup red 1954 Nash Metropolitan convertible.

If you ever saw the movie 'American Graffitti' I was the guy with the Citroen 2CV.

Dec. 11 2013 02:40 PM
Johnny Matthews from Maui Hawaii

My first car was a 73 AMX javelin. it was a dream to have a muscle car. I got T boned at an intersection and the car was totaled. so my mom gave me her car. 1988 yugo. Talk about embarrassment. but I love that y
Yugo.

Dec. 11 2013 02:38 PM
Heidi from Elkton, MD

Car nostalgia:
For high school graduation, my husband was given the choice of $200.00 or a 1967 Rambler American that was not running at the time. His parents bought it new while on vacation because the family car they started out in died. He still has "Ole Blue". It gets a place in the garage unlike his Lexus. It has 534,727 miles on it at the moment. He drives it on dry days but protects it from moisture and salt as he plans to repaint it yet again. Memories enough there for a tome or two.

Dec. 11 2013 12:49 PM
Cindy from Nevada, TX.

My favorite car from the past was my 1973 Alfa Romeo GTV. My husband & I rescued the car from a flood and freshened it up and drove for close to 300,000. miles before parking it. We still have the car and we affectionately refer to is as our Pup.

Dec. 11 2013 12:46 PM

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