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...What is particularly ironic about the Big Three's situation is that the companies are now as near to their long-sought goal of parity with the Japanese firms Honda and Toyota as they are to collapse. In the past couple of years, Detroit has closed the quality gap. Its cars are competitive on engines and drivetrains and fits and finishes. Some top-class products score well with car rater J.D. Power, such as the Cadillac CTS and Ford's new F-150. "What exposes us to failure now is not our product lineup or business plan or our long...

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

...those were driven by the combination of easy credit and discount pricing. In a normal economy, the true size of the business may be closer to 15 million units. The Detroit Three simply have to generate more revenue per car and, not incidentally, a profit. Right now, the revenue gap per car is $4,000 vs. Toyota...

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

...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, less-than-legal solutions through which most things in India still get done. Taken together, these two cultural touchstones are the biggest reasons why India has not yet found the political will to address its deepest problems. "Chalta hai," Indians say about everything from traffic to political corruption to substandard education...

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

...divided family is similar. Understanding the sacrifices of my parents was a strong motivation to work hard at school, but relating to my father on a personal level after many years apart was hard work. Now I see that the conflict derived from a generation and culture gap, and he feared having a limited participation in my upbringing, so he felt it was his duty to correct me every chance he got. But as an "adult" it was difficult for me to take his lectures. Regardless of the parents' professions and salaries, divided families are the ultimate in love...

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

...Mino has 4 GB of built-in memory--enough for about an hour of video--but it's not expandable via external memory cards. By contrast, Kodak expects you to bring your own memory card to the Zi6. (It costs about $30 for 4 GB, closing the price gap with the Mino.) To recharge the Mino's built-in battery, which lasts about two hours, you can plug the camcorder into your computer via the USB port. The Zi6 uses rechargeable AA batteries or, in a pinch, nonrechargeable ones, if they're easier to procure when...

Author: /time Magazine | Title: Meet the Bitty Viddies | 12/4/2008 | See Source »

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