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...this new hybrid truck has been undermined by cuts in production and advertising as GM has struggled to conserve cash. GM CEO Fritz Henderson says company-wide production should level out during the second half of 2009, and Peper asserts that advertising across models will increase over the next six months. If the hybrid Silverado is successful, it could be a very tangible sign that GM is on the way to recovery, since it would indicate that consumers have confidence in GM's technology. (See the history of the electric...

Author: /time Magazine | Title: Can GM's New Models Woo Back Buyers? | 7/15/2009 | See Source »

...also promising to deliver a new range of subcompact and compact cars starting next year, along with the battery-powered Chevrolet Volt. GM has five new small cars on the drawing board, including two versions of the Cruise that will replace the Chevrolet Cobalt next spring. In addition, Henderson has confirmed that GM is working on a new family of small cars that, following the intervention of the United Auto Workers, will be built in Michigan rather than China, where GM originally planned to make them. Henderson says the new small cars will be affordable and profitable...

Author: /time Magazine | Title: Can GM's New Models Woo Back Buyers? | 7/15/2009 | See Source »

...better that stuff will get more expensive? Won't the demise of Wal-Mart kick out of the middle class those who are now clinging to its bottom rung? Only if you define middle class as being able to buy a ton of peripheral stuff for next to nothing. What I think will happen is we'll see the ancillary kinds of junk - like throwaway furniture and gobs of plastic kitchen gadgets - fade out of our lives. The middle class will still have access to what truly makes life good: a comfortable home (but not a huge home), good education...

Author: /time Magazine | Title: How the Coming Rise in Gas Prices Will Change the World | 7/15/2009 | See Source »

Poor community colleges. President Barack Obama made a historic announcement on July 14 - that he's seeking $12 billion over the next decade to beef up funding for these two-year institutions, which educate nearly half of U.S. undergrads - but you'd never know it from the crickets in medialand. CNN and Fox devoted no live airtime to the speech, which Obama delivered at Michigan's Macomb Community College, while MSNBC cut back to the Sotomayor confirmation hearings partway through. The fear of eyeballs glazing over isn't surprising: glamorous these trade schools are not. But there's a good...

Author: /time Magazine | Title: Obama Pushes for More Aid to Community Colleges | 7/15/2009 | See Source »

...nation's economic crisis is forcing schools to take unprecedented steps to survive: laying off teachers, cutting bus services, eliminating summer classes. But more drastic measures may not be far off. Could the next step in saving American education be Introduction to Nutrition, Sponsored by McDonald's or PricewaterhouseCoopers' Financial Accounting...

Author: /time Magazine | Title: Can Corporate Funding Save Endangered College Classes? | 7/14/2009 | See Source »

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