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Could this deal save the U.S. auto industry? It would certainly help. Once GM sets up a VEBA, Ford will probably follow. Chrysler, which became a privately held company in August and has far fewer retirees, has so far balked. "It's not our issue," says a Chrysler official. The companies can use the freed-up cash to spend on developing and selling better cars to take on Toyota, which this year surpassed GM in sales. But that's in the long run. In the short run, funding the trust could put carmakers in a tighter cash squeeze unless they...

Author: /time Magazine | Title: GM's Get-Well Plan | 9/20/2007 | See Source »

...olden times, mainly the late 1990s, faith in Greenspan's omnipotence was expressed almost exclusively in positive terms. He was the "maestro," as Bob Woodward dubbed him in a best-selling book; the senior member of the "Committee to Save the World," as this magazine put it in a 1999 cover story; the Federal Reserve chairman who didn't just preside over the longest economic expansion in U.S. history but also was credited with somehow willing it to happen...

Author: /time Magazine | Title: It's Not His Economy | 9/20/2007 | See Source »

Another such problematic comment came in 2004, when he pointed out that many borrowers could save money by taking out adjustable-rate mortgages (ARMS). Many borrowers did save money with ARMs, and the idea that a few words from Greenspan at a credit-union meeting persuaded millions of others to take out teaser-rate loans they couldn't afford stretches belief. But with ARM-related defaults on the rise, it doesn't look good...

Author: /time Magazine | Title: It's Not His Economy | 9/20/2007 | See Source »

...estimated a menu item’s calories based on its recipes, Ackil said. The new tabulations come from lab tests that determine calorie counts through repeated tests of each offering—a more costly, and more accurate, measurement method. “Once we were able to save up enough money, because it’s very expensive to test things in the lab, we sent all our food to the lab,” Ackil added. In the future, b.good will send all its prospective food selections to a lab to measure its calorie content...

Author: By Margot E. Edelman, CRIMSON STAFF WRITER | Title: Do You Want Calories With That? | 9/20/2007 | See Source »

...back shutouts this weekend in the Crimson’s two 1-0 wins over Boston University and Wisconsin-Milwaukee. As a young Harvard offense created lots of chances but struggled to find the back of the net, the sophomore kept her team in the game with several thrilling saves. Mann’s save count ran to 12 on the weekend, and her shutout count to three on the season—already equaling her count from last season. Success in net is nothing new for Mann, who picked up 84 saves on the year in a standout freshman...

Author: By The Crimson Staff, CRIMSON STAFF WRITER | Title: SPORTS BRIEF: Crimson soccer stars clean up in Ivy League weekly awards | 9/17/2007 | See Source »

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