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...road than are being manufactured. There are 245 million to 250 million vehicles on the road in the U.S., and roughly 5% are scrapped every year. Even with improved vehicle quality, that ratio is not really budging. Stuff wears out. So some 12 million to 12.5 million vehicles disappear annually; yet this year, no more than 9 million are being built to replace them. Next year, production will be 10 million or so, still less than the removal rate...

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

...says, "if you have a highly skilled workforce that you don't want to lose, it can make a lot of sense." But the idea of governments getting involved with big subsidies for such schemes on a regular basis makes him shudder. "There will always be jobs that disappear, and in the long run it's not in our interest to keep them," Philpott says. In many places, in the current dire economic circumstances, that's no longer an argument that carries much weight...

Author: /time Magazine | Title: Can These Jobs Be Saved? | 4/2/2009 | See Source »

Pistachios are the latest nut to disappear from Harvard dining hall menus. The move comes in response to a warning issued earlier this week by the Food and Drug Administration about salmonella contamination of products from Setton Pistachios of Terra Bella, Inc. Just two months ago, Harvard University Dining Services eliminated all peanuts from their dishes in the wake of a salmonella outbreak attributed to several peanut products. The FDA and the California Department of Public Health is still investigating the incident, and Setton has voluntarily recalled around one million pounds of pistachios—both shelled and unshelled?...

Author: By Shambhavi Singh, CONTRIBUTING WRITER | Title: HUDS Removes Pistachio Items | 4/2/2009 | See Source »

...cars made by competitors which were in reasonably good financial shape. But, most research done recently indicates that Wagoner was probably right, at least right enough that GM's sales could be clobbered by consumers who believe that their warranties will be worthless and that their dealers will disappear. (See the 50 worst cars of all time...

Author: /time Magazine | Title: Why Toyota Can Finally Take Over the U.S. Car Market | 3/31/2009 | See Source »

Things I would never think to write a song about: tax software programs, White House cabinet members, Paul Krugman. Now, I might write a song about Maureen Dowd (tentative title: "I Wish You Would Disappear"), but Krugman? Yes, the Nobel Prize-winning economist and New York Times columnist has a gift for breaking down complicated economic situations into easily digestible concepts, but he rarely inspires within me a sense of passion. Apparently songwriter Jonathan Mann disagrees...

Author: /time Magazine | Title: An Ode to Paul Krugman | 3/26/2009 | See Source »

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