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...next signal that the situation is not worsening is car sales. Most of the large manufacturers are experiencing monthly drops of over 45% compared with last year. It may take a year or more for those numbers to settle at drops of closer to 10% to 20%. But, if U.S. vehicle sales stay steady at 25% to 30% down, the consumer is beginning to tiptoe back into the market. The likely cause for this is that extraordinary deals on new cars are becoming attractive to buyers who have cut their debt and can afford to make a modest investment based...

Author: /time Magazine | Title: Six Signs the Recession Is Ending | 3/3/2009 | See Source »

...automakers complain bitterly that bankruptcy would destroy their corporate reputations, turn off customers and be ruinously expensive as well. But as the March deadline gets closer and matters remain unresolved, it increasingly looks like a straightforward if brutal solution...

Author: /time Magazine | Title: As Car Sales Collapse, GM and Chrysler Grow Desperate | 3/3/2009 | See Source »

...last few months, the Obama administration has extended its hand to a number of different countries. Secretary of State Hillary Clinton has already made two trips, the first to Asia and the second to Europe, to assure nations of continued alliance with the United States. This pursuit of closer global ties is promising and will start the crucial process of mending the rifts created by the previous administration. Lacking conspicuously in America’s foreign-policy plans, however, is its own neighbor—Latin America...

Author: By Anthony J. Bonilla | Title: Diplomacy Gone South | 3/3/2009 | See Source »

...increase, and indeed, early data from the current season suggest they have. Influenza is composed of three subtypes of virus, and last year 12% of one of those subtypes, known as H1, were resistant to oseltamivir. This year almost all of the H1 contingent, 98%, are resistant. (Read "Getting Closer to a Flu Supervaccine...

Author: /time Magazine | Title: Study: Drug-Resistant Flu on the Rise | 3/2/2009 | See Source »

...months ago the judicial police finally moved into new offices, funded by the E.U., with telephones, computers and cars, according to Mazzitelli. Drug Enforcement Agency spokesman Garrison Courtney said by phone from Washington that the agency is also increasing its involvement in West Africa. "We are working a lot closer with our African counterparts to share information," he said. "We are opening new offices in West Africa." Despite the upheaval Mazzitelli believes that the deaths of two men, who have wielded huge power in Guinea-Bissau for decades, could help to pave the way to democracy. "This could...

Author: /time Magazine | Title: A Big Double Murder Jolts Africa's Cocaine Hub | 3/2/2009 | See Source »

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