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Unlike its Japanese rivals, GM saw its sales decline begin way back at the beginning of the year, when its truck-heavy product lineup began to sag in the face of higher gasoline prices. So for the first 11 months of 2008, GM's sales have fallen 21.9%. While that is comparable to Ford and Chrysler (down 20.6% and 27.7% respectively), it's far worse than Asian competitors. Toyota is down 13.4% this year, Honda has declined just 5.4%, and Nissan has shrunk by 9.1%. They will be far better positioned to rebound once the market recovers...

Author: /time Magazine | Title: Even with a Bailout, GM's Profit Prospects Look Bleak | 12/3/2008 | See Source »

...sleek figure bestriding the podium in Loughborough. The town won't need much of a push to switch allegiance from Labour to Tory and neither will the country. A general election isn't due until spring 2010, and Cameron's 20-point lead in the opinion polls could yet sag if fate gifts Labour a game-changing event or an economic miracle. But for anyone who recalls the animosity toward the Tories that ushered Labour into power in 1997 and helped keep it there for more than a decade, and for anyone who has witnessed the old antipathies between Britain...

Author: /time Magazine | Title: David Cameron: UK's Next Leader? | 9/11/2008 | See Source »

...calendar, others by the changing weather or the steady march of seasons: baseball, football, basketball and so on. But a lot of us, first as children and later as parents, march to the beat of the school year. It shapes our mealtimes and travels and the very surge and sag of our gross domestic product. In the vast span of human civilization, universal public education is a novelty; and yet, in the fortunate lands where the idea is a reality, it fills such a large cultural space that we can scarcely take...

Author: /time Magazine | Title: The Moment | 8/28/2008 | See Source »

...started with a tree in need of a trim. At 3:05 p.m. on Aug. 14, 2003, a 345-kV transmission line in northern Ohio began to sag. This happens commonly, especially during hot summer days, when the demand for power created by all those air conditioners can cause power lines to slacken. Trees near transmission lines are supposed to be pruned regularly - but this one hadn't been. When the line sagged too close to the tree, it faulted and tripped off-line. This is also something that happens pretty frequently on the U.S.'s massive electrical grid...

Author: /time Magazine | Title: Can We Prevent Another Blackout? | 8/11/2008 | See Source »

...Producers say the rancorous SAG negotiations have already hurt Hollywood. "A de facto strike is quickly shutting down production across the industry as SAG's Hollywood leadership stalls for time to pursue its campaign against AFTRA's new contract," says AMPTP spokesman Jesse Hiestand. "For each day that we are without an agreement, the losses continue to mount for the talent, crews, their families and the businesses that rely on the entertainment industry...

Author: /time Magazine | Title: Another Strike in Hollywood? | 6/20/2008 | See Source »

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