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It's no secret that one of the biggest reasons the U.S. auto industry is teetering on collapse is that, quite simply, Americans have stopped buying cars. U.S. auto sales were down 37% in March from 2008, the latest in a nearly unbroken year-and-a-half streak of falling...

Author: /time Magazine | Title: Cash for Clunkers: A Green Deal to Help Detroit? | 4/15/2009 | See Source »

In its broad outlines, the prospective policy - for which a number of proposals have been put forward in Congress - would offer Americans cash rebates of up to several thousand dollars if they traded in an old, inefficient car for a new, greener one. The ailing U.S. automakers would receive a...

Author: /time Magazine | Title: Cash for Clunkers: A Green Deal to Help Detroit? | 4/15/2009 | See Source »

An evaluation of the typical Ivy League personality reveals this anxiety to be understandable. There are various routes into Harvard—trillions of dollars in family money, the skills of an unsurpassed prodigy, or a willingness to expose oneself the harshest of nature’s elements, peeling the...

Author: By Olivia M. Goldhill | Title: The Silver Lining | 4/14/2009 | See Source »

Blagojevich's defense has a daunting task, especially given that some co-defendants as well as a host of other politically connected officials are reportedly lining up to cooperate with the government. Still, Blagojevich maintained to reporters after Tuesday's hearing, "I did not let the people of Illinois down...

Author: /time Magazine | Title: As Blagojevich Pleads Not Guilty, Some Prosecution Moves Are Questioned | 4/14/2009 | See Source »

Still, at a time when most Americans continue to be anxious about their jobs and the economic future, pushing to shrink deficits and the size of government may not be a winning message. The Republican budget was roundly criticized by a wide range of economists for promising to freeze all...

Author: /time Magazine | Title: The Floundering GOP Looks for a Turnaround | 4/14/2009 | See Source »

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