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...Next year, workers at Ford plants will earn an average $53 an hour with benefits, the result of a breakthrough industry agreement worked out with the UAW in 2007. That's close to the $49 an hour that workers at the transplants average and far below the $71 an hour with benefits that was the old UAW wage, and that was cited by Alabama Senator Richard Shelby as a reason to oppose any bailout. And the cost differential on enginemaking between Detroit and the transplants will narrow to a couple of dollars by 2011. "You want to just choke these...

Author: /time Magazine | Title: Is This Detroit's Last Winter? | 12/4/2008 | See Source »

...Ling Woo Liu correctly points out that, most of the time, spoiled kids grow up to be dependent on their family's wealth. This is unacceptable in today's society; everyone should start working to earn their own money and thus create more "working" brains. This in turn will help the development of countries. Rami El Chamaa, BEIRUT

Author: /time Magazine | Title: A New Deal? Not Yet | 12/4/2008 | See Source »

...between Pyongyang and South Hwanghae’s hunger problems—despite the latter region’s high agricultural capabilities—stems in part from the fact that “the population of South Hwanghae had little regular contact with foreigners with whom they could earn or obtain hard currency and thus few opportunities to buy and sell food...

Author: By Ellen X. Yan, CRIMSON STAFF WRITER | Title: Prof Cites Lack of Market Opportunities in North Korea's Woes | 12/4/2008 | See Source »

...earned her bachelor's degree from Stanford University went on to earn a Rhodes Scholarship to study at Oxford, where got her master's degree and wrote a doctoral dissertation on the transformation of white-ruled Rhodesia into black-ruled Zimbabwe. While a college student, she launched a divestment effort to protest South African apartheid. After earning her Ph.D. at age 25, she briefly worked as a consultant for McKinsey & Company...

Author: /time Magazine | Title: U.N. Ambassador: Susan E. Rice | 12/3/2008 | See Source »

...their spouses supported by maids, strolled down the old Strand Road flying mini-Indian flags. Outside the Cafe Leopold, a 19th century bar that was hit by the terrorists, there was a roaring trade in "I 'heart' Mumbai" T-shirts. Each cost 100 rupees, more than what many Indians earn in a day. (See pictures of the days of terror in Mumbai...

Author: /time Magazine | Title: A Rally in Mumbai: "Remember 26-11!" | 12/3/2008 | See Source »

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