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...typical line worker at a GM plant in Ramos Arizpe or Silao earns $2.80 per hour, a mere 10% of the $28 per hour (not including benefits) earned by his counterpart in Grand Rapids, Mich., or Oshawa, Ont. Add in GM's crushing legacy costs - pension and health-care obligations to retirees - which are only a minor consideration in Mexico, and it explains why the country is a cash...

Author: /time Magazine | Title: Canada Spends Big to Save GM, So Why Not Mexico? | 7/3/2009 | See Source »

...that was mere throat-clearing for the 1982 Thriller, which would become the world's all-time best-selling album. Maturing as a songwriter, he turned a celebrity's denial of paternity into the whispery, groovy "Billie Jean" and a flee-don't-fight message into the unbeatable "Beat It." The videos for these songs broke an informal color barrier at MTV and made music videos a format that quickly spread around the globe. The 14-minute superproduction for Thriller was later chosen by MTV as the top video ever. (Read "How to Moonwalk Like Michael...

Author: /time Magazine | Title: The Battle Over Michael Jackson's Legacy | 7/2/2009 | See Source »

...back college loans after 25 years, they will be eligible to have all debt erased (though, if the law stands as is, much of that remaining balance will be taxed as income). And if students go into a public-service career, they are eligible for loan forgiveness after a mere 10 years. While participants in programs such as AmeriCorps, the Peace Corps, the military and other such institutions have long been eligible for loan reduction or forgiveness, this new program expands such mercy to potentially hundreds of thousands more students who won't be forced to make that knee-jerk...

Author: /time Magazine | Title: New College-Loan Plan: Pay Back By What You Earn | 7/2/2009 | See Source »

...Many Iranians know victims of MEK violence or still feel the fear and fury its name provokes," says a French counterterrorism official who has followed the NCRI and MEK. "Because MEK remains widely hated in Iran, the mere threat by Iranian leaders that it and NCRI are waiting to take over in the event of crisis tends to chill musings of regime change in Iranian streets...

Author: /time Magazine | Title: In Iran Crisis, Paris Exile Group Plays Disputed Role | 6/22/2009 | See Source »

...your 401(k) balance lately? Since the beginning of this decade, the stock market has been a money pit. At the market's nadir in early March, stock investors had lost more than 50% since March 2000, if you factored in inflation. Things have improved since then--to a mere 40% loss...

Author: /time Magazine | Title: Are Stocks Still Good for the Long Run? | 6/15/2009 | See Source »

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