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...Recently analysts covering the manufacturing sector said that so many factories are shut here and overseas that the businesses are eating through inventories. That is being interpreted as good news because once inventories move close to zero, factories will have to increase production to replace them. That analysis glosses over two possibilities. The first is that the economy is bad enough that inventories may not drop at expected rates. Low demand may cause them to decrease much more slowly. That could push back a renewal of manufacturing activity for months. It is also possible that some factories will simply...

Author: /time Magazine | Title: The Housing Mirage: Misleading Numbers | 3/24/2009 | See Source »

...looking to encourage people to do something that they're going to do for two weeks and then say, 'To hell with that!' and go back to eating their regular diet," Bittman says. That would be like trying to jump immediately to an all-bicycle transportation model. "Let's move toward eating less meat," he says, "and then in five years we can re-evaluate...

Author: /time Magazine | Title: The Growing Case Against Red Meat | 3/23/2009 | See Source »

...shameful past. Most agree that the effort was worthwhile. Some would say there can be no forgiveness without repentance. The Bush-Cheney Administration was arrogant to the very end. Perhaps it is time to establish our own version of a Truth and Reconciliation Commission so that we can truly move on. G. Patrick Thompson, Roseville, Mich...

Author: /time Magazine | Title: Inbox | 3/23/2009 | See Source »

...launched a media blitzkrieg that equates holding the IPL with upholding the country's honor. But in the end nothing worked. "Because of the attitude of the government, that they are not ready to spare security forces for the cricket tournament ... We are forced to take the decision to move the event out of India," BCCI president Shashank Manohar told the media in Mumbai on Sunday. Bollywood superstar actor Shah Rukh Khan, who owns Team Kolkata and was part of the IPL governing council meeting where the decision was taken, was more magnanimous: "We need to respect the general elections...

Author: /time Magazine | Title: Citing Security, India Moves Cricket Matches | 3/23/2009 | See Source »

...provide security," he says, citing the examples of Delhi and Andhra Pradesh. "Only one match would be played at a time," he points out, "It's not as if every city was going to be besieged and security agencies stretched." Rajaraman says given cricket's popularity in India, the move will backfire for the Congress. "There was no other entertainment slated for that period, no Bollywood films were due for release, all TV serials were heading for a close just before IPL. People will be angry," he says. In a country where the price of onions has determined election results...

Author: /time Magazine | Title: Citing Security, India Moves Cricket Matches | 3/23/2009 | See Source »

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