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That includes balancing out Ford's U.S. product line by importing small, fuel-efficient models that have been doing well in Europe, where high fuel costs have been a constant for decades. European auto sales have also declined this year, but Ford has picked up market share. "We are shifting from an emphasis on large trucks and SUVs to a more balanced portfolio that also emphasizes smaller and more fuel-efficient vehicles here in the U.S.," Mulally said. "By the end of 2010, two-thirds of our spending here will be on cars and crossovers - up from one-half today...

Author: /time Magazine | Title: Ford Might Be the Winner if the Auto Bailout Fails | 11/19/2008 | See Source »

Europe became a better place for less-than-picture-perfect fruits and vegetables this month as the European Union scrapped rules banning oddly shaped produce from supermarket shelves. "This marks the new dawn for the curvy cucumber and the knobby carrot," said E.U. Agriculture Commissioner Mariann Fischer Boel. (See a brief history of competitive eating...

Author: /time Magazine | Title: Equal Rights for Ugly Foods | 11/19/2008 | See Source »

...Economic Co-Operation and Development (OECD) projects that 2009 GDP will grow 0.1% in Japan, compared with 0.9% in the U.S. and 0.5% across the Eurozone. "Financial-debt-to-GDP ratio is an advantage, and debt in the private sector has not increased, unlike in the U.S. and European countries," says Hiromichi Shirakawa, chief economist at Credit Suisse Japan. "The economy is less vulnerable." Nevertheless, he says, Japan is not an island: nothing points to an economic recovery in Japan unless the global economy picks up. According to Andreas Schuster, head of research at CLSA, a private-equity firm based...

Author: /time Magazine | Title: Why Japan Has Slipped Into Recession | 11/18/2008 | See Source »

...Rogoff, the statement put out by the G-20 after the meeting reflected both the United States’ desire to maintain open markets and Europe’s desire for more heavy-handed regulation. The G-20, established in 1999 and made up of 19 countries and the European Union, represents 90 percent of the world’s gross national product. The group will reassemble in London next April. —Staff writer Lauren D. Kiel can be reached at lkiel@fas.harvard.edu

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Former IOP Director at G-20 | 11/18/2008 | See Source »

...generation Mizrahi Jews whose parents were refugees from the Middle East and North Africa. Ya'acov was one of 11 brothers, the son of a milkman who fled Egypt. A second wave of gangsters appeared in the 1990s: Russian Jewish criminals who control the prostitution rackets, often smuggling Eastern European women into Israel across the Sinai desert, using Bedouin guides. "The Russians are smart - and very violent," says Amir. In a model of entrepreneurial cooperation, some Jewish and Arab gangs hook up to smuggle drugs, stolen cars and arms between the Palestinian territories and Israel...

Author: /time Magazine | Title: The Death of Tel Aviv's Old-Fashioned Mob Kingpin | 11/18/2008 | See Source »

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