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...British carmakers and banks gathered to kick-start the distribution of the loan guarantees. With car registrations forecast to slide 20% in Britain this year, the government will be hoping that it can still save its auto factories, and the jobs that go along with them, from the scrap heap...

Author: /time Magazine | Title: Germany's Auto-Woes Fix: Scrap That Clunker! | 3/12/2009 | See Source »

...Aside from its sheer enormity, this heap of cash is also intriguing because of the “public-private investment fund” included in Treasury Secretary Timothy Geithner’s recent proposal. The potentially $1 trillion vehicle would aim to combine public and private capital to buy toxic assets from banks. Though widely criticized in its eight days of life, the fund may succeed in attracting private investors—but only if Geithner offers more specifics to incentivize private financing and subdue historic antagonism between private and public sectors, which is traditionally worse in times...

Author: By Noah M. Silver | Title: Bridging the Capitalist Divide | 2/17/2009 | See Source »

Exotic helps, but the movie is connecting with audiences not because it's foreign but because it strikes universal chords about personal fulfillment, romantic obsession and the chance to rise from the bottom of the slag heap to the top of the Taj Mahal--and because it whirls through its rags-to-riches tale with a speed and energy that would put a Hollywood action film to shame. For these qualities, you can thank Simon Beaufoy, who wrote the script from Vikas Swarup's novel Q&A, and director Danny Boyle. Eleven years ago, Beaufoy was Oscar-nominated for another...

Author: /time Magazine | Title: From Slumdog to Top Dog | 1/29/2009 | See Source »

When Congress first started looking at an economic stimulus package last year, House Speaker Nancy Pelosi was quick to lay out three important guiding principles: that the provisions be "timely, temporary and targeted." "If we heap too much on top of the package, it will then take us deeply into debt," she warned in a speech on the House floor on Jan. 29, 2008. But now, as Congress gears up to craft a mammoth stimulus package that will dwarf last year's $170 billion bill, those requirements don't seem to be all that binding. (See a bailout report card...

Author: /time Magazine | Title: Obama's Stimulus: Jump-Starting His Long-Term Agenda | 1/8/2009 | See Source »

...force, but it will also have freed Gazans from Israeli tyranny. As an added bonus, any economic revival of Gaza would put money into Hamas' coffers. But Israel would gain some breathing space and force Hamas to prove it can actually govern and maintain stability in Gaza rather than heap blame entirely on Israel...

Author: /time Magazine | Title: Can Israel Survive Its Assault on Gaza? | 1/8/2009 | See Source »

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