Word: eras
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...auto executives, their families and their communities - that Henry Ford began in 1914 when he hiked the prevailing $3-a-day wage to $5. "Fordism" outraged capitalists; Ford viewed it as a way to make cars affordable to working people. His people. The industry sputtered during the Depression, an era that gave rise to the unions, but was revived by wartime production as Detroit's manufacturing capacity became a vital weapon in the Allies' arsenal. Detroit reshaped America, spurring a great migration from the South with the prospect of fair employment for blacks...
...Benevolent Manufacturing State achieved its full glory in the postwar period, a largely supply-driven era when Detroit could sell almost everything it made and could afford to give the United Auto Workers (UAW) most of what it wanted. From Linden, N.J., to Lorain, Ohio, to Long Beach, Calif., to be an autoworker was to have it made; to be an auto executive was to have made it. Detroit, says John Plant, the thoughtful CEO of partsmaker TRW, was about more than just industry: "It's the largest experiment of social re-engineering that any country has ever undertaken...
...death throes of the Benevolent Manufacturing State, however, have been costly. GM alone has paid out $103 billion in pension and retiree-health-care costs over the past 15 years. "The legacy costs were designed in an era when people retired at 65 and died at 66. We weren't wrong to give it to them 30 years ago. Now they retire early and live longer," says Conway...
Michigan's own relation to car culture tends to be more wistful. After the Motown era, which more or less coincided with the end of Detroit's glory days as a city and an industry, you have to look hard to find songs by Michigan musicians about driving. Instead, Bob Seger--Michigan's Springsteen, who gave Chevrolet its "Like a Rock" slogan--reminisced about the backseat of his '60 Chevy in "Night Moves" and sang "Makin' Thunderbirds" about workers building Ford muscle cars in 1955: "They were long and low and sleek and fast/ They were classic in a word...
...identify the truth through the analysis of a number of outlets. “Much more thinking needs to be done both on the empirical side and in terms of the appropriate legal response,” Sunstein said. “We can see that in the Internet era in particular, false rumors are not only a source for many people— anonymous and less so—of unjustified injury and cruelty, but also pose serious problems for economic prosperity and democratic self-government as well.” Sunstein described the specific social and psychological tendencies...