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Toyoda's appearance is the culmination of a month of unrelenting bad news for the company. On the eve of the hearings, a damaging July 2009 memo emerged in which Toyota execs boasted of $100 million in savings garnered through a limited 2007 recall. The company also announced that it had been subpoenaed by both the Securities and Exchange Commission and a federal grand jury in New York because of the sudden-acceleration issues. Toyoda vowed to "work vigorously and unceasingly to restore the trust of our customers." But he has a long ride ahead...

Author: /time Magazine | Title: Spotlight: Toyota Hearings | 3/8/2010 | See Source »

That will prove difficult. For the last month, farmers have driven their tractors along Greece's highways to protest plans to cut subsidies. Even the government's tax collectors walked out for a day, and on Feb. 10, state employees paralyzed the country for 24 hours. A long season of more strikes is almost a certainty...

Author: /time Magazine | Title: Greece's Math Problem | 3/8/2010 | See Source »

With unemployment at nearly 10% nationwide, the Senate voted 70 to 28 in favor of a $15 billion bill to help create jobs. While it's a victory for Senate Democrats--particularly majority leader Harry Reid, who scrapped a bipartisan draft earlier this month--the bill still has to pass the House or be reconciled with the lower chamber's $154 billion version, approved in December. Reid hopes to push through a series of small jobs-related bills like this one, which includes temporary tax breaks for companies hiring employees and support for highway-construction programs...

Author: /time Magazine | Title: The World | 3/8/2010 | See Source »

...member drafting committee spent the last month revising their recommendations after delegates voted to postpone a final vote at the previous session...

Author: By Stephanie B. Garlock and Natasha S. Whitney, CRIMSON STAFF WRITERS | Title: Climate Congress Has Three New Proposals | 3/8/2010 | See Source »

...What we’ve tried to do is not to take what students would experience but try to be more efficient internally,” she said in an interview last month...

Author: By Danielle J. Kolin and Naveen N. Srivatsa, CRIMSON STAFF WRITERS | Title: Housing Budget Cuts Continue | 3/8/2010 | See Source »

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