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...sales dropped again in June below the 10 million-unit annual sales pace, which puts new vehicle sales at the slowest pace since the recession in 1958 - a downturn that forced some carmakers, notably Packard, to shut their doors for good. Meanwhile, each of the Big Six (the three domestic carmakers plus Toyota, Honda and Nissan, which together account for 75% of all vehicle sales in the U.S.) reported double-digit declines in sales. The declines ranged from 11% at Ford to nearly 42% at Chrysler. German automakers such as Volkswagen, BMW, Porsche and Mercedes-Benz also reported double-digit...

Author: /time Magazine | Title: How Bad Are Auto Sales? 10 Questions and Answers | 7/6/2009 | See Source »

...Bradt said that the recent layoffs "are all that are planned," but he noted that the six ad hoc working groups tasked with guiding FAS's restructuring—in the School of Engineering and Applied Sciences, the College, and FAS's Sciences, Social Sciences, and Arts and Humanities Divisions—would be "discussing and weighing future courses of action well into the fall...

Author: By Peter F. Zhu, CRIMSON STAFF WRITER | Title: FAS Lays Off 77 Staffers | 7/3/2009 | See Source »

...orchestrated an enormous display last year to celebrate the opening of the Atlantis resort in Dubai. That 10-minute show has been called the largest fireworks show in history. It almost makes me tired just thinking about what we did. Ninety-six Grucci technicians went to Dubai, and we had over 200 additional pyrotechnicians from all over the world. We were there 14 days...

Author: /time Magazine | Title: The Art of Fireworks | 7/3/2009 | See Source »

...orchestrated the assassination. On Wednesday, a U.N. fact-finding commission launched its inquiry into Bhutto's assassination. A three-person team, headed by Chile's ambassador to the U.N., is due to arrive in Islamabad later this month, and report to Secretary General Ban Ki-Moon within six months. Its report will then be shared with the Pakistan government. Opposition politicians and a broad range of critics in Pakistan, however, have questioned the purpose and timing of the U.N. probe. (See a TIME video with Ban Ki-Moon...

Author: /time Magazine | Title: Pakistan Hopes for Answers on Bhutto Murder | 7/3/2009 | See Source »

...Six years on from the end of Liberia's long and bloody civil war, the country is finally on the mend. The World Bank and International Monetary Fund regularly applaud President Ellen Johnson Sirleaf - Africa's first elected woman leader - on the huge strides she's making to stamp out corruption and rebuild her shattered country. (Read: "Rebuilding Liberia...

Author: /time Magazine | Title: In Liberia, Sirleaf's Past Sullies her Clean Image | 7/3/2009 | See Source »

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