Word: auto
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...longer and less bound by the week's events than a regular lead story, the Economy & Business Special Reports will treat large subjects with an introductory survey, followed by separate stories examining various themes. Explains Senior Editor Charles Alexander, who oversaw this week's Special Report on the auto industry: "This format makes a broad subject easier to comprehend and allows us to approach it from different perspectives...
...innovative design. That was where Art Department Designer Johnny White and Picture Researcher Richard Boeth came in. For the past year the two have been working as a team to enliven the look of TIME's business coverage. "Business often has to revisit the same story, like the auto industry or the stock market," says White. "We have to discover new and dramatic ways to present stock images so that the reader will find them fresh." Adds Boeth: "Wherever possible, we try to get business leaders out from behind their desks and into a context that reflects what...
...cars if two- thirds of the population is not required to buckle up by 1989. Opponents had argued that seat-belt laws interfered with personal liberty. But freedom has its price: with accident claims certain to rise, insurance companies in both states are already threatening hikes in their auto premiums...
...dismissals represent a permanent net loss of almost 5.7% of GM's approximately 512,000 hourly and salaried U.S. employees. Even so, United Auto Workers officials sounded resigned as they explained that numerous GM workers with high seniority had earlier been transferred to newer facilities. Some of the remaining released workers will be covered by unemployment benefits that can equal up to 95% of after-tax pay for as long as two years. Michigan Governor James Blanchard, whose state will be socked with seven of the closings, affecting 17,450 workers, decried the cutbacks but acknowledged that they were...
...THIS CONTEXT that the movement for corporate disinvestment from South Africa takes on real meaning. A successful campaign by which the major corporations--oil, auto, electronics, computers, etc.--were to economically disengage from South Africa would, at the very least, represent a severe undermining of the credibility of the South African economy and probably create additional pressures on the South African government to make real changes...