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But timing is everything. So why did it take Detroit 30 years to catch up? "Either the crisis isn't big enough or the vision isn't persuasive enough," says John MacDuffie, a manufacturing expert at the University of Pennsylvania's Wharton School of Business. Instead, during those years, the...

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

In the coded language of central bankers that means inflation is a non-issue at the moment and that Europe's monetary czars are now focused on ensuring that there is enough liquidity in circulation to keep the economy moving. With prices for oil and other major commodities falling, Trichet...

Author: /time Magazine | Title: Is Europe's Central Bank Missing the Crisis? | 12/4/2008 | See Source »

When we refer to media at Common Sense, we're talking about everything from Internet and cell phones and video games and social networking sites to traditional media like movies, TV, music and books. What we found in these studies, however, is that there's almost no research on new...

Author: /time Magazine | Title: Why Media Could Be Bad For Your Child's Health | 12/4/2008 | See Source »

Today, the people of Mumbai have re-emerged. They are angry, at both Pakistan, which many believe was the source of the atrocity, and their own government. And they have awakened to a realization that something fundamentally has altered, and that their city, indeed nation, needs fixing, perhaps even a...

Author: /time Magazine | Title: India: After the Horror | 12/4/2008 | See Source »

The Culture Gap There are two phrases that anyone moving to one of India's Hindi-speaking big cities quickly learns. The first is, "Chalta hai." Literally: "It goes." Figuratively: "It works well enough, so why bother?" The second is "jugaar," referring to the web of favors and imperfect, improvised...

Author: /time Magazine | Title: India: After the Horror | 12/4/2008 | See Source »

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