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Thousands have since been downgraded. "We need to consider alternatives to the issuer-pay model," SEC commissioner Elisse Walter said in a speech in March. One idea: level the playing field so that new competitors, like smaller agencies that charge investors instead of issuers, can better compete. Another option: a tax on investors, issuers or even the public at large in order to create a central pool of money with which to buy ratings to be made public. (See the best business deals...

Author: /time Magazine | Title: The SEC's Next Challenge: Fixing the Ratings Agencies | 4/15/2009 | See Source »

...secret that one of the biggest reasons the U.S. auto industry is teetering on collapse is that, quite simply, Americans have stopped buying cars. U.S. auto sales were down 37% in March from 2008, the latest in a nearly unbroken year-and-a-half streak of falling sales. And if the cratered economy is the main culprit behind backed-up inventory at U.S. car dealers, another is that American automakers have failed to produce the more fuel-efficient vehicles that gas-price-conscious car buyers are beginning to demand. As a result, the U.S. still sends hundreds of billions...

Author: /time Magazine | Title: Cash for Clunkers: A Green Deal to Help Detroit? | 4/15/2009 | See Source »

...President Barack Obama has signaled that he would favor a cash-for-clunkers-style program, saying in a speech on March 30 that he wanted to work with Congress on finding money for rebates in existing stimulus spending. And similar programs already in place in Germany and other European countries have proved very successful - thanks to continental Europe's cash-for-clunkers plan, analysts say that European car sales are now running at more than 13 million vehicles a year, up from an 11 million pace at the start of the year. "It has been pretty successful...

Author: /time Magazine | Title: Cash for Clunkers: A Green Deal to Help Detroit? | 4/15/2009 | See Source »

...sniper rifles can regularly hit trucks at 2,000 meters, but not bad guys. (The record kill is 2,430 meters, just over 1.5 miles. It was charted by Canadian army corporal Rob Furlong against a Taliban fighter in Afghanistan's Shah-i-kot valley during Operation Anaconda in March 2002 - but his first two shots missed.) "There's no limit as far as I can see so long as the bullet's stable - I think 2,000 or 2,500 meters is very attainable," Bell says...

Author: /time Magazine | Title: Pirates Beware: Soon Rifles That Kill from a Mile Away | 4/15/2009 | See Source »

...that sounds like a crazed conspiracy, Dieudonné's announcement of his electoral designs was in the same league. "Anti-Zionism will be the main issue opposing us to all the other parties," he declared on March 21. "Zionism is gangrening France and is a threat. The Republic must regain its good sense and we must throw all [Jewish] organizations...

Author: /time Magazine | Title: French Comic Accused of Anti-Semitism Again | 4/15/2009 | See Source »

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