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...Understandably, neither the union nor the bondholders are happy about the task force's approach. The UAW feels particularly aggrieved because it has agreed to an unending series of givebacks over the past 20 years. Even before this latest crisis, the UAW had assented to the 2007 contract, which would have put Detroit's labor cost per car within a couple of hundred dollars of Toyota's and the other transplants'. That isn't enough, in the view of the task force, because consumers are willing to pay more for the foreign badges, and the Detroit Three need to earn...

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

...economic situations of their countries deteriorating more than they expected. The call for issuing more debt and supporting job creation may get louder as unemployment rises into the double digits. What seem like a sustainable polity on debt and stimulus may be now, but if EU GDP begins to contract faster and harder than expected, a wave of government desperation could sweep the countries in the union. Obama may have his way. It may just take several months for other countries to come around to his way of thinking...

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

...given so many shots from the moment they're born. They get multiple injections all at once, and if they fall behind, doctors put them on a catch-up schedule. Babies get the hepatitis B vaccine immediately after they're born and the only way for a newborn to contract that disease is if the mother is a carrier. Why not just screen the mother? Evan was handed to me pre-vaccinated with a Band-Aid on his foot...

Author: /time Magazine | Title: Jenny McCarthy on Autism and Vaccines | 4/1/2009 | See Source »

...year-old garment industry worker who blames the Chinese for putting her fabric company out of business. They have been unemployed for an average of four months and most of them showed up alone. "Who am I going to bring?" asks Erika Garcia, an out-of-work contract lawyer. "My friends still have jobs...

Author: /time Magazine | Title: New York's Unemployed Olympians | 4/1/2009 | See Source »

...Unfortunately, seniority-based layoff policies in the teaching profession—set by law or contract in most states and heavily backed by teacher’s associations—are common but flawed practices. Those fired are most often young teachers who have missed out on tenure opportunities. Experienced teachers who take time off to pursue other projects are also penalized by the system because they lose seniority when they leave a school district. At a time when the president is calling on more Americans to enter the teaching profession, this apparent dispensability is extremely demoralizing; it makes little...

Author: By Adrienne Y. Lee | Title: Scalpels, Not Hatchets | 3/30/2009 | See Source »

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