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...Troubled Asset Relief Program. Standing in the way of the Administration's plans for the auto industry would win them few friends. One option the bondholders have is to try to seize the factories. But that would jeopardize the partsmakers too, and the banks are also holding the paper for many industry suppliers. If the factories shut down as a result of a legal battle, so would the partsmakers...

Author: /time Magazine | Title: Can Detroit Be Retooled — Before It's Too Late? | 4/2/2009 | See Source »

...Such alertness may not seem like a bad thing, except that in a second paper in the same issue of Science, Giulio Tononi at the University of Wisconsin found that sleep appears to function as a critical shutoff valve for the fruit-fly brain. After a period of sleep, the volume of connections between nerve cells in the brain decreased, a condition that Tononi theorizes offsets the wakeful brain's activity. During waking hours, the brain keeps adding new information about its environment, forming new circuits and new connections in an ever thickening neural network. But even the fruit...

Author: /time Magazine | Title: What Good Is Sleep? New Lessons from the Fruit Fly | 4/2/2009 | See Source »

...rock and roll's future and its name is Bruce Springsteen." • Critic Jon Landau (who would later become the singer's manager) in Boston's The Real Paper in spring of 1974 after seeing a Springsteen show...

Author: /time Magazine | Title: Bruce Springsteen | 4/1/2009 | See Source »

...This event is making me nervous," says Katina Garrard, a quiet, pale woman watching the phone toss. Garrard was a legal ethics assistant at International Paper in Memphis, Tennessee until three months ago, when her company announced extensive layoffs. Memphis is a small city and none of the major corporations were hiring, so Garrard picked up for New York, where she thought the opportunities would be - "well, not plentiful, but at least they would exist." She attended a job fair earlier in the day, but it just depressed her. "There were lines and lines of people hoping...

Author: /time Magazine | Title: New York's Unemployed Olympians | 4/1/2009 | See Source »

...April 1 in the western calendar). The holiday began to evolve (or devolve) 2,200 years ago after Qin Shihuangdi, the unifier of China, infamously set fire to books and gazettes that he disagreed with; today it is celebrated by "sacrificing" jokey messages to the gods, setting slips of paper aflame like incense in hopes that the amused divinities will rain down good fortune...

Author: /time Magazine | Title: Fake Pandas! And Other April Fools' Day Hoaxes | 4/1/2009 | See Source »

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