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...Hummer is hoping to replace its gas guzzlers with new models that use lighter-weight materials and advanced power trains, and maybe even hybrid vehicles. The plan is to continue building Hummers in the U.S., not in China where the prevailing wages, $12 to $25 per day, are significantly lower...

Author: /time Magazine | Title: Could Hummer Be Headed for the Heap? | 9/28/2009 | See Source »

...speech this month, "the simple statement that 'if banks are too big to fail, they are probably too big to exist' is a reasonable rule." The postcrisis financial system, he predicted, "will probably place greater emphasis on traditional banking activities, which tend to produce lower margins, but are also more robust, less risky and less volatile...

Author: /time Magazine | Title: Braking the Banks | 9/28/2009 | See Source »

...Obama asked his health-care advisers for a simple number. "I want to know how clearly and how unequivocally I can tell the American people their costs are going down when this is done," he said, according to someone at the meeting. During the campaign, Obama had promised to "lower health-care costs by $2,500 for the typical family," helping him make the sale on Election Day; the question, he knew, was going to be whether he could deliver on that specific number. (Watch Obama's speech to a joint session of Congress on Sept...

Author: /time Magazine | Title: Will Obama's Plan Really Deliver Health Savings? | 9/28/2009 | See Source »

...Sept. 25, a sociologist from the University of New Hampshire, Murray Straus, presented a paper at the International Conference on Violence, Abuse and Trauma in San Diego suggesting that corporal punishment does leave a long-lasting mark - in the form of lower IQ. Straus, who is 83 and has been studying corporal punishment since 1969, found that kids who were physically punished had up to a five-point lower IQ score than kids who weren't - the more children were spanked, the lower their IQs - and that the effect could be seen not only in individual children but across entire...

Author: /time Magazine | Title: Kids Who Get Spanked May Have Lower IQs | 9/26/2009 | See Source »

Still, it's not clear if spanking causes lower cognitive ability or if lower cognitive ability might somehow lead to more spanking. It's quite possible that kids with poor reasoning skills misbehave more often and therefore elicit harsher punishment. "It could be that lower IQ causes parents to get exasperated and hit more," Straus says, although he notes that a recent Duke University study of low-income families found that toddlers' low mental ability did not predict an increase in spanking. (The study did find, however, that kids who were spanked at age 1 displayed more aggressive behavior...

Author: /time Magazine | Title: Kids Who Get Spanked May Have Lower IQs | 9/26/2009 | See Source »

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