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Wagoner said the cuts are based on very conservative assumptions that oil prices will hover in the $130-to-$150-per-bbl. range through 2009, while car sales will fall to an annual rate of about 14 million units this year and next - a level last seen during the recession of the 1990s, when GM controlled just under one-third of the U.S. market. GM is still the nation's largest carmaker, but its market share is down to about 22% and its stock price has dropped to its lowest level in more than half a century, having fallen from...

Author: /time Magazine | Title: General Motors' Garage Sale | 7/15/2008 | See Source »

...live with the $70-per-month fee for all-inclusive data and voice calling - and can get decent coverage with AT&T where you live - it's certainly worth considering. If you're on a budget (and who isn't?), though, you'll find more useful features on less pricey rivals...

Author: /time Magazine | Title: The iPhone: Second Time's a Charm | 7/14/2008 | See Source »

...July 10 edition of the journal Nature, researchers used a high-tech equivalent of a stereo speaker lowered into a bore hole near Parkfield, Calif., a half-mile deep and five yards from a measuring device. For two months beginning in late 2005, researchers transmitted pulse signals three times per second, from the speaker to the measuring device, calculating travel time between the two stations. Surprised scientists learned the seismic waves slowed dramatically on only two occasions: two hours prior to a magnitude-1 temblor, and a startling 10 hours before a magnitude-3 quake...

Author: /time Magazine | Title: A New Clue in Predicting Earthquakes | 7/11/2008 | See Source »

...dispute is that too many Bronx residents are succumbing to AIDS. In part, that's because they're not aware they have it. City officials say about 250,000 out of the Bronx's 850,000 adult residents have never been tested. Manhattan's rate of AIDS infection - 82 per 100,000, to the Bronx's 75 - is the highest among the city's five boroughs, but the Bronx has the highest fatality rate from the disease. "That's a damning indictment of our system," Frieden told TIME. "We're failing to get people tested during the time that they...

Author: /time Magazine | Title: A Battle in the Bronx Over HIV Testing | 7/11/2008 | See Source »

...schools served about 5 billion lunches last year with an average price tag of $2.58 per meal. That cost will likely jump $0.30 - or 12% - per meal in the coming year, SNA estimates, or about $1.5 billion nationwide. Most schools already lose money on free or reduced-price lunch and breakfast programs; nearly 18 million students qualify for these meals, which are subsidized by the federal government, but at a rate far below the actual cost of providing the food. To make ends meet, nearly 70% of schools told SNA that they would have to dip into "rainy day" funds...

Author: /time Magazine | Title: Food Prices Eat Up School Lunch | 7/11/2008 | See Source »

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