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...easy call. Popular opinion would suggest that Ford could pick up a lot of customers who either are worried about Toyota's problems or simply aren't able to get the vehicle they want because sales have been halted. Ford has been the subject of enormously favorable news coverage this year, ranging from vehicle awards to headlines celebrating its return to profitability - Ford is the only U.S. automaker to report an annual profit in the past several years. (See the 50 worst cars of all time...

Author: /time Magazine | Title: Who Benefits from Toyota's Recall Problem? | 2/2/2010 | See Source »

...lot of people are saying that proprietary trading didn't cause the financial crisis. So why focus on that? Proprietary investing certainly played a big role in the financial crisis. Bear Stearns, Merrill Lynch, Lehman Brothers, UBS and Citigroup all had large amounts of mortgage bonds or real estate investments that they had parked on or off their balance sheets - but were responsible for. They were chasing the same higher yields that all their investing clients were. Those investments comprised the greatest part of those firms' write-offs. Those weren't client-driven trades. They decided to take them themselves...

Author: /time Magazine | Title: An Ex–Goldman Partner Lets Loose on Wall Street | 2/2/2010 | See Source »

...idea of having to pay a too-big-to-fail tax, but nonetheless I think they get it. Banks pay for deposit insurance - this just extends the idea to the rest of the bank's liabilities, which get covered by implicit too-big-to-fail guarantees. What a lot of firms don't like is the idea of having to pay a financial-crisis-responsibility fee for the next decade, as Obama has proposed to recoup TARP loans to AIG, the auto industry and smaller banks. Economists I know don't think that idea is either fair or sensible from...

Author: /time Magazine | Title: An Ex–Goldman Partner Lets Loose on Wall Street | 2/2/2010 | See Source »

...unmanned missions SpaceX may well be able to handle. It would be a lot easier to believe in the manned ones, too, if NASA had any crew vehicle it could put on top of a Falcon, which it doesn't. SpaceX is building its own crew vehicle, dubbed Dragon, which NASA can buy - if the thing is ever completed and proves itself...

Author: /time Magazine | Title: No Liftoff: Obama's Plan Grounds NASA | 2/2/2010 | See Source »

...them too afraid to report maintenance or design flaws, for fear that they might be blamed later for accidents. "If airlines were protected from criminal prosecution, those fears would dissipate," says Michael Barr, an aviation-accident specialist and instructor at the University of Southern California. "You have a whole lot of people who believe that accidents are just that - accidents," he says. That is a difficult argument to make when planes crash, however. "This is a really emotional issue," he says. "When loved ones die, they want to know why. It does not matter if it was a human error...

Author: /time Magazine | Title: Fault of the Concorde: An Icon's Day in Court | 2/1/2010 | See Source »

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