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According to The Detroit Free Press, some analysts expect another 21% decline in 2009. This drop could be even more significant in a deep or prolonged recession. If the market share of The Big Three continues to decline, the numbers will be even worse for the U.S. car companies. (See pictures of the global financial crisis...

Author: /time Magazine | Title: 2009 Car Sales: Detroit Can't Cut Costs Enough | 2/2/2009 | See Source »

...aground on the Casquets [an outcropping of rocks in the Channel], as historians have believed for over 250 years," he says, "it would have been because of a navigation error because the Casquets were far south of where the ship should have been. Since it obviously foundered in deep water, with a very experienced crew - it was almost certainly the construction of the ship that caused the loss...

Author: /time Magazine | Title: The HMS Victory, Famed Shipwreck, Is Found | 2/2/2009 | See Source »

...deep tension was built in from the start of the stimulus debate, when Obama stressed both the need for speed and the need for change. There is trauma surgery, and there is transplant surgery; one usually takes a lot longer than the other, and you'd be insane to try to do both together. So I wondered why he seemed to set himself up to fail, insisting that lawmakers do something very big, very hard, very fast, and in a whole...

Author: /time Magazine | Title: Obama's First Test: Stimulus Today, Change Tomorrow | 2/1/2009 | See Source »

...trillion-dollar stimulus bill there is probably enough that lawmakers agree on to get the kind of bipartisan vote Obama once aimed for: shoring up collapsing infrastructure, extending unemployment benefits, targeted tax cuts and relief - with strings attached - to state and local governments and embattled homeowners. Then take a deep breath, and let's have the debate he promised, the rigorous test of "Do we need this?" and "Can we afford it?", for all the other programs currently marinating in the bill, whether the honeybee subsidy or the Pell grants or the medical research or any of the proposed investments...

Author: /time Magazine | Title: Obama's First Test: Stimulus Today, Change Tomorrow | 2/1/2009 | See Source »

...courtroom dramas don't usually have much impact in this ramshackle village of Triqui Indians deep in the mountains of southern Mexico. But a new case unraveling in Greenfield, Calif., has sent shockwaves through the Mexican community. The accused men are both of Triqui ethnicity, an ancient people who number in just the tens of thousands. The trial will judge one of their most sacred rites: bride prices. Adding to their concern is the way global media have jumped on the story, with the Internet headline "Man Sells Daughter for Beer" sparking a sudden interest in Triqui customs from Italy...

Author: /time Magazine | Title: Selling Brides: Native Mexican Custom or Crime? | 2/1/2009 | See Source »

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