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...defending the industry model of his state," says Merle Black of Emory University in Atlanta, a southern politics expert. "A lot of southerners feel they've been talked down to for a long time by northern industry, so he doesn't lose any votes by doing this." Jason Ray, who has worked for both Mercedes and Chrysler in Hunstville, Ala., says the Big Three "have engineered a doomsday scenario where if they aren't allowed to continue being irresponsible with money, including the billions from taxpayers, the U.S. economy will crash. American automakers need to learn to grow with...

Author: /time Magazine | Title: Detroit's Fall Gives Power to Rival Dixie | 12/22/2008 | See Source »

...city) have led to heightened security measures, which are proving to be an enormous inconvenience for high society. Cars carrying designer-clad, bejeweled guests have to stop to let security guards peek under the hood and into the back compartment. That done, all baggage must be passed through X-Ray scanners - suitcases containing wedding outfits and jewelry, wedding gifts wrapped in glittering paper, even personal handbags. It feels more like an airport than a hotel famed for hospitality. "I'm not coming back here in a hurry," declares Diya Singh, a fashion designer who has come to meet friends...

Author: /time Magazine | Title: After Mumbai, India's Hotels Brace for a Sharp Downturn | 12/20/2008 | See Source »

...prices began to fall in late summer, after gas topped $4 a gallon, and the drumbeat of bad economic news has sent them ever lower. "Prices got to an insane level," Texas economist M. Ray Perryman says, "but they are equally insane now." With the price of a barrel of oil hovering in the $45 range and natural gas cut in half from a high of $14 per thousand cubic feet, the domestic energy sector is now at a critical "tipping point," Perryman says. If prices dip lower, he adds, the pace of the slowdown will quicken as domestic...

Author: /time Magazine | Title: Texas Braces for an Oil Bust | 12/19/2008 | See Source »

...truth is that the longer we stay in Iraq, the more we will be blamed for everything that goes wrong in that country. These problems will not be fixed before we are due to depart in 2011. Or maybe ever by any outsider. The military commander in Iraq, General Ray Odierno, recently said that U.S. forces may have to stay in Iraqi cities beyond the June 2009 agreed pull-out date. I can see Odierno's point: he doesn't want to be the one who leaves behind the mess. But the reality is he will be long retired...

Author: /time Magazine | Title: The Lesson of the Iraqi Shoe Thrower | 12/18/2008 | See Source »

...pictures from an X-Ray studio...

Author: /time Magazine | Title: Democrats Vow to Push a Science Agenda | 12/16/2008 | See Source »

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