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...perception that they are inferior lingers long beyond the reality that they are not. And foreign competition may increase: companies in Asia, such as China's Chery Automobile and India's Tata Motors, could plant their flags here. Established players like Volkswagen and Hyundai-Kia have plans to build plants in the U.S. by 2012. Which means the sales rate will be exceeded by manufacturing capacity, as it always...

Author: /time Magazine | Title: Can Detroit Be Retooled — Before It's Too Late? | 4/2/2009 | See Source »

...area where there is the largest division among the nations is clearly in the amount of GDP that should be thrown into stimulus measures to create jobs, support financial firms, and build consumer demand. The US is the radical on the issue saying that its Treasury is "all in" and will raise whatever money is necessary to fix its economy and reverse job losses. Nations like Germany and France think the approach is irresponsible, and they may not have the credit ratings and access to global capital that the US does, which makes the disagreement academic...

Author: /time Magazine | Title: What if the G-20 Summit Works? | 4/2/2009 | See Source »

...Italian Department for Security Information found the number of mosques in the country had grown from 351 to 735 in a mere seven years. Mosque numbers in France and Germany have also exploded. While Europe's churches sit empty or are converted into luxury lofts and schools, Muslims are building mosques in old nightclubs and supermarkets, in former sauerkraut and pharmaceutical factories and, yes, abandoned churches. As Muslims get wealthier, more confident and more geographically diffuse - almost a third of the world's 1.3 billion Muslims live in non-Muslim-majority states - their mosques are no longer just monuments...

Author: /time Magazine | Title: Updating the Mosque for the 21st Century | 4/2/2009 | See Source »

...quiet. Particularly in Europe, mosques have become the architectural equivalent of the veil: visible signs of Islam's presence and thus sites for tension between Muslims and non-Muslim traditionalists. A recent report from the London-based Institute of Race Relations chronicles scores of campaigns against plans to build mosques across Europe. In 2007, a petition posted on British Prime Minister Gordon Brown's website calling for the government to scrap plans to build a mega-mosque on an 18-acre (7 ha) plot near the site of London's 2012 Olympics drew over 275,000 signatures. That same year...

Author: /time Magazine | Title: Updating the Mosque for the 21st Century | 4/2/2009 | See Source »

...people back to work and restoring confidence. At the first meeting of the G-20 last fall, it was hardly mentioned at all. But as former Treasury Secretary Hank Paulson said in November, it cannot be left untreated over the long term. "The pressure from global imbalances will simply build up again until it finds another outlet," he explained. (Read "The G-20 Summit: Obama Can Stay Home...

Author: /time Magazine | Title: The G-20's Hidden Issue: A Global Trade Imbalance | 4/1/2009 | See Source »

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