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...becomes part of the culture. Whereas America's history has been one of expanding horizons, yours has become funnel-shaped. Much like the postbellum South, Rust Belt culture looks backward at an idealized past--a nostalgia not for plantations but for three-bedroom houses paid up on blue collar salaries. (See pictures of the remains of Detroit...

Author: /time Magazine | Title: In Michigan, Still Waiting for the Renaissance | 12/4/2008 | See Source »

...principle that Chinese administrators put in practice last week when they executed Wang Zhendong for fraud. Zhendong had duped investors out of over 400 million dollars with a bogus plan to breed ants with aphrodisiac effects. China thus established a clear policy of (very) tough justice for white-collar criminals who operate on a large scale...

Author: By Alexander R. Konrad | Title: Real Execution | 12/4/2008 | See Source »

Chrysler: "By the end of 2008 [from 2007], Chrysler will have separated over 32,000 employees, including 5,000 white collar employees who left the company just this past Wednesday before Thanksgiving. Cost cutting has been substantial, swift and wide-ranging. Nothing has been viewed as 'sacred...

Author: /time Magazine | Title: GM, Ford and Chrysler's Bailout Plans | 12/3/2008 | See Source »

...expected to give up the controversial jobs bank and approve a change in funding the VEBA trust that is supposed to take over paying for health-care of blue-collar retirees in January, 2010. The $7 billion contribution GM owes its VEBA could be postponed indefinitely, according to Sean McAlinden, vice president of the Center For Automotive Research in Ann Arbor...

Author: /time Magazine | Title: Auto Sales Plummet, Worsening Crisis | 12/3/2008 | See Source »

...Rafferty paints the Crimson as a motley crew of scrappy underdogs overmatched by the Bulldogs despite both teams entering the game undefeated. Most of the former Harvard athletes interviewed come from blue collar backgrounds and some are the first in their families to make it past high school. Amid the turmoil of Vietnam, the Crimson features players both for and against the war—and one, Pat Conway ’69, who fought in it—that put their differences aside in the spirit of team unity...

Author: By Loren Amor, CRIMSON STAFF WRITER | Title: AMOR PERFECT UNION: Enjoying Harvard’s ‘Win’ on Screen | 12/1/2008 | See Source »

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