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...union," says Shaiken. The battles over concessions have reopened old wounds in an industry long known for class warfare. Detroit's auto companies are organized around a strict hierarchy, with little of the "all for one, one for all" spirit that is more typical of start-up companies in Silicon Valley. Executives from Ford bluntly told union bargainers during one meeting last year that "shared sacrifice," a concept used during the industry's last crisis in the early 1980s, no longer applied because executives' high salaries were based on Ford's successful global operations...

Author: /time Magazine | Title: Bailout Tactics: UAW Prepares for Its Next Move | 12/8/2008 | See Source »

...York - home to the country's two largest cities - both suffered dramatic declines in the number of visitors this fall. Hotel revenues in Manhattan plummeted in November, as did Broadway ticket sales. Atlanta, one of the nation's busiest hubs, experienced a drop in business travel. So too did Silicon Valley, which reported an increase in canceled corporate meetings. Restaurants in San Francisco are struggling as well; some predict they will close their doors completely in the new few months if conditions don't improve. The only upbeat tourism officials around are those in Washington D.C., who anticipate "record attendance...

Author: /time Magazine | Title: The Fed's Bleak Biz Report | 12/4/2008 | See Source »

...company followed that purchase a year later with the $2.7 billion acquisition of Genlyte, a big U.S. player that makes lights for offices, highways, factories and outdoor advertising. Those deals come on top of its own massive in-house research efforts in R&D labs from Silicon Valley to Eindhoven in the Netherlands...

Author: /time Magazine | Title: Lighting: Bright Idea | 12/4/2008 | See Source »

...interest in Silicon Valley science fiction, the most cost-effective green technology can be found in our own homes, simply by improving the energy efficiency of our houses and apartments. On average, heating an American home with natural gas creates about 6,400 lbs. of CO2 a year; using electricity will produce about 4,700 lbs of emissions. Both numbers can be larger if you live in a cold part of the country. The problem is that many American houses are poorly constructed and insulated, leaking heat in winter and cool air in the summer - and that's not cheap...

Author: /time Magazine | Title: Weatherproof Your Home | 12/1/2008 | See Source »

...realized that Freddy y Joel's Muy Cupcakery should co-brand and partner with a large baking conglomerate, since co-brand and partner with are terms I've heard my friends in Silicon Valley use. So I contacted Candace Nelson, who co-owns Sprinkles Cupcakes, a chain that Oprah Winfrey says is one of her favorites. When I mentioned the opportunity to take her five-store chain global, she became very interested. "Once we're up to the top 20 cities in America, we'd think about going to Mexico," she said. "We'd love some market research...

Author: /time Magazine | Title: Cupcake Kings Go Global, With a Little Help From Joel | 11/26/2008 | See Source »

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