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...When he does anything, if you ask him to make an electric car or ask him to plan an outing to Niagara Falls, he is so meticulous."-Chaman Kashkari, father, USA Today, October...

Author: /time Magazine | Title: Neel Kashkari, the $700 Billion Man | 10/8/2008 | See Source »

When Edward Groening went shopping for a car last Thursday, his first stop was Ganley Chevrolet's new car lot in Cleveland. He test-drove a 2008 Impala and a brand-new Chevy Cobalt, and liked them both. With a loan, he could afford whichever one he chose. But like millions of American consumers, Groening decided that any new debt right now is just too risky. So on Friday he walked across the street to Ganley's used-car dealership. There he found a 2007 Impala with 13,000 miles that cost $5,000 less than new one. At that...

Author: /time Magazine | Title: Cleveland's Crisis: Cars Aren't Moving | 10/8/2008 | See Source »

Ferrari eventually became the head of Alfa Romeo's racing department but left the company in 1940 to design his own luxury race car. Deterred by World War II, he waited until the 1947 Grand Prix to see the first victory with the Ferrari 125S. The car quickly earned its pedigree as the fastest there was, and it wasn't long before it went from the racetrack to roadways. By the 1980s, Ferrari had become the ultimate status symbol, drawing collectors as diverse as Prince Bernhard of Holland (who owned 14), Eric Clapton (8) and Ralph Lauren...

Author: /time Magazine | Title: Italian Stallion | 10/6/2008 | See Source »

...Ferrari 250 GT Testa Rossa with custom bodywork 2 Company founder Enzo Ferrari, in racing gear, center, at an Italian track in 1921 3 A Ferrari 250 GT with a short wheelbase 4 A 1967 Ferrari 312 Formula One race car 5 The new Ferrari California convertible, which will be officially unveiled at the Paris Auto Show in October 6 A 1961 Ferrari 250 TR 61 Spyder Fantuzzi, owned by Ralph Lauren 7 Actor James Coburn's classic 1961 Ferrari California Spyder sold for $11.4 million...

Author: /time Magazine | Title: Italian Stallion | 10/6/2008 | See Source »

Case: Herring v. United States Hearing Date: Oct. 7 Background: Bennie Dean Herring was arrested in Coffee County, Alabama after trying to pick up his impounded car from his local police station. While he was at the station, the county investigator asked for a check for warrants in Herring's name. While none were found in Coffee County, the warrant clerk learned that there was a warrant on Herring in a neighboring town. He was subsequently arrested and faced additional charges for drugs and a gun possession. Minutes after his arrest, though, Coffee County police learned that the warrant...

Author: /time Magazine | Title: The Supreme Court's 2008 Docket | 10/6/2008 | See Source »

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