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...Many Democrats are frustrated, feeling as though they have already given in on many major points to the GOP. Pelosi, for her part, was dead set against using the green fund for bridge loans, with her aides arguing that it forced the companies to choose between their present and their future. Having conceded that point, the Speaker was rankled that the Senate version requires the Big Three to meet only federal fuel-efficiency standards and not stricter regulations like those in her native California. Her bill requires the Big Three to meet all "applicable" standards, which would include state ones...

Author: /time Magazine | Title: Another Bailout Blowout? Why the Auto Deal May Crash | 12/11/2008 | See Source »

...other major concern among mental-health specialists is that publicizing the behavior could exacerbate the problem. In a study of self-injury among adolescents conducted earlier this year, Nock found that 38% of teens who injured themselves learned of the practice from friends, while 13% first heard about it through the media. It's a bit of a catch-22, says Nock. "On the one hand, it's very helpful and useful for health professionals to communicate with each other and learn how to proceed when they see [these cases]," he says, "but we know that media coverage of self...

Author: /time Magazine | Title: Teens' Latest Self-Injury Fad: Self-Embedding | 12/11/2008 | See Source »

...Reid's first major test is this month's ASEAN Football Championship, also known as the Suzuki Cup, which Thailand is co-hosting with Indonesia. Before taking the job, he had only visited Thailand twice. He first went in 1984 with Everton, which had just won the F.A. Cup. He was 28. "It was a bit of a piss-up," he recalls, "but we played a couple of matches." Two decades of breakneck growth has transformed Bangkok, although for Reid some things have stayed the same. "Don't talk to me about the f___ing traffic," he growls...

Author: /time Magazine | Title: An Englishman in the Land Of Smiles | 12/11/2008 | See Source »

...manufacturing center of Guangzhou in southern China. At age 37, she is the very image of a polished chief executive officer, right down to her Milano briefcase. Wang is the founder of an advertising agency that employs nearly 70 people in three Chinese cities and counts as customers major multinational companies including Procter & Gamble and Sony Ericsson. Like so many of her generation, Wang never looked back after racing through the door Deng's economic reforms opened, and her accomplishments show how far the country has come. But they also show that China's capitalist road is leading toward...

Author: /time Magazine | Title: Wanted: A New Miracle | 12/11/2008 | See Source »

...compelling vision: China as a high-tech powerhouse. But making it come true will take years, and there are major obstacles. Idea theft is the biggest. Though the country has made progress in strengthening intellectual-property rights over the past several years, rampant piracy of software, music and other IP remains a huge issue. "People with the ideas have to be protected," says Rosen, the New York City economic consultant. "They've moved on this because they know without it a high-tech China remains a dream...

Author: /time Magazine | Title: Wanted: A New Miracle | 12/11/2008 | See Source »

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