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...parade of innovative new models could change Chrysler's tarnished image, but that's not happening anytime soon. The only near-term "new" product from Chrysler is a heavy-duty pickup truck that will debut in October. After that, the automaker's next big introduction comes in the first quarter of 2010, when the new Jeep Grand Cherokee debuts. Overall, however, Chrysler's new-product pipeline is thin, suggesting that the automaker will struggle until help from Fiat materializes, says Rebecca Lindland, an analyst with IHS Global Insight. Ron Bloom, President Obama's point man on the automotive task force...

Author: /time Magazine | Title: Chrysler Still the Laggard, Despite Cash for Clunkers | 9/2/2009 | See Source »

...During the 2008 campaign, Martino focused particular attention on vice-presidential nominee Joseph Biden, a Scranton native and Catholic Democrat. The bishop declared that Biden would be denied communion if he tried to receive it at any church in the diocese, which covers the northeast quarter of the state - "I will be truly vigilant on this point," said Martino. And he warned his parishioners that there would be dire consequences for supporting Biden and the Democratic ticket. In October, Martino directed that a letter be read at all Sunday masses, charging that a vote for a pro-choice politician...

Author: /time Magazine | Title: Was an Anti-Abortion Bishop Too Outspoken? | 9/2/2009 | See Source »

...referendum itself, at least one-quarter of the electorate - about 7 million people - would then have to show up at polling places with the "yes" votes outnumbering the "no's" by at least one. But in Latin America it's notoriously difficult to convince citizens to turn out for referendums. That means Uribe will have to spend a lot of energy on a get-out-the-vote compaign just to ensure enough people vote to make the referendum valid. He might just barely make it across the registration deadline. If he does, he will have two-and-a-half months...

Author: /time Magazine | Title: Colombia: A Snag in Uribe's Re-Election Steamroller | 9/2/2009 | See Source »

...growth. "The present economic 'recovery' began in February as inventories were restocked and was pushed up by the spillover from the asset-market revival," he contends in a recent opinion piece in Hong Kong's South China Morning Post newspaper. "These two factors cannot be sustained beyond the third quarter...

Author: /time Magazine | Title: Why China's Stock Market Bubble Is Fizzling | 9/1/2009 | See Source »

...When the market sees the second dip looming, panic will be more intense and thorough," he warns. Xie expects this economic slowdown to gather force in the fourth quarter, coinciding with a second-dip recession in the U.S. as inventory restocking and fiscal stimulus there, which are driving today's recovery, peter out. "By the middle of the second quarter next year, most of the world will have entered the second dip," he concludes. "By then, financial markets will have collapsed...

Author: /time Magazine | Title: Why China's Stock Market Bubble Is Fizzling | 9/1/2009 | See Source »

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