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...government says that Detroit is a "strategic" part of the economy. Saving The Big Three is as important as keeping the nation's large banks operating to maintain the flow of credit. But, the comparison is bogus. As John McCain, a military man much of his life, liked to point out to the President during the election, there is a difference between strategy and tactics. There is nothing strategic about Detroit. Over 50% of the cars sold in the U.S. are made by foreign companies. There is no reason that the number cannot go to 80%. It serves the national...

Author: /time Magazine | Title: Will Detroit Need More Bailout Money? | 3/23/2009 | See Source »

...priority: restarting trade. Behind the stomach-churning drop in the world economy is a factor that governments have largely ignored: a slump in trade. The flow of imports and exports has actually contracted more dramatically than the world economy as a whole, because its lifeblood, private-sector trade finance, has dried up. This is fixable, since most governments have export-credit organizations dedicated to trade finance. Governments should instruct them to jump-start trade flows until private sector financiers return...

Author: /time Magazine | Title: The G20's Chance Meeting | 3/19/2009 | See Source »

...Prestige and Mobility still encourage you to rejoice in the rivers of champagne that flow in Adams like the mighty Euphrates and we would not dissuade you from wallowing in self-pity as you walk the trail of tears down Garden Street to the forgotten, volcanic, dinosaur-plagued underworld of Currier. However, as Aristotle once said, “Man is a political animal (as relates to blocking groups and also women...

Author: By Daniel K Bilotti and Vincent M Chiappini, CONTRIBUTING WRITERSS | Title: Blocking: It Defines You. Forever. | 3/18/2009 | See Source »

...additional costs to businesses of the program, however, are more than likely to be passed on to the consumer, amounting to what some argue would effectively be a new tax on ordinary Americans. "That is a massive new tax. It's a tax on energy, and it will flow directly through to the consumer in the form of a national sales tax on their electric bill," Senator Judd Gregg, a New Hampshire Republican, said in questioning White House Office of Management and Budget Director Peter Orszag at a hearing last week of the Senate Budget Committee. After a few minutes...

Author: /time Magazine | Title: Is Obama's Environmental Agenda Losing Out? | 3/18/2009 | See Source »

...horse craze and similar online double entendres designed to flout the government's role as Big Brother. As one Chinese blogger told the Times, even with the most modern technology trying to hold them back, people will find a way to express themselves. "It is like a water flow - if you block one direction, it flows to other directions, or overflows...

Author: /time Magazine | Title: Chinese Internet Censorship | 3/18/2009 | See Source »

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