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Much of the automakers' argument hinges on the notion that the collapse of any of the key industry players would aggravate an already troubled economy. Fully one-third of automotive industry suppliers were deemed at risk of bankruptcy, according to a study earlier this year by Grant Thornton, a Southfield, Michigan, consulting firm. If General Motors files for bankruptcy, it will further impede its ability to pay its suppliers in full, on time. Many suppliers are already saddled with debt. So the extra burden will likely obliterate suppliers' operating budgets - and, in turn, cripple their ability to deliver goods...

Author: /time Magazine | Title: The Ripple Effect of a Potential GM Bankruptcy | 11/28/2008 | See Source »

...Zhang Wei, 42, came here in 1990 from Henan, where his family of six was struggling to live by farming one-third of an acre. "In the past, nobody would do this work," he says. "It's for the outsiders, poor people from the countryside where they can't earn enough to eat meat even." Now the specter of deprivation is emerging again. Plastic bottles, which sold for $1,175 to $1,300 a ton as recently as the summer, are now trading in the $300-to-$450-a-ton range. Zhang claims that as a result of the downturn...

Author: /time Magazine | Title: In China, Hard Times at the Scrap Heap | 11/20/2008 | See Source »

...many as one-third of asthma patients age 16 and over may not actually have the chronic disease, according to a study published Nov. 18 in the Canadian Medical Association Journal...

Author: /time Magazine | Title: Study: Is Asthma Overdiagnosed? | 11/18/2008 | See Source »

...country's leaders have grown rich from the land's bounty, even as most Burmese struggle just to feed themselves. Roughly one-third of civilians live below the poverty line. Last month, many Burmese, who get their news from clandestine radio broadcasts, were shocked by a BBC Burmese service report that claimed a daughter of junta leader Than Shwe had spent more than $80,000 on a gold shopping spree in the city of Mandalay. Than Shwe himself brooks no dissent. The offense of Saw Wai, the poet who was sentenced to two years in prison? Writing a love poem...

Author: /time Magazine | Title: Burma Crackdown Reflects Junta's Insecurity | 11/13/2008 | See Source »

...Federal Work Study Program and those that aren’t. Although FWSP jobs benefit these students, perhaps they benefit those that employ them even more. While the employers are obliged to provide 30 cents on the dollar to their students, the federal government covers the rest. One-third of the SEO’s jobs fall under this category and include much sought-after on-campus ones, such as library positions...

Author: By Mark J. Chiusano, CONTRIBUTING WRITER | Title: Spare Change | 11/12/2008 | See Source »

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