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...Hyundai has a reputation for selling cars to the budget-minded. But last year, as U.S. auto sales plunged, incentives such as rebates and fancy financing schemes weren't moving wheels off the lots as they usually did. John Krafcik, chief executive of the American subsidiary of the South Korean carmaker, polled consumers to find out why. The answer: fear. "The root cause was not that the deals weren't good," Krafcik says. "So many of them said, 'I'm afraid of losing...

Author: /time Magazine | Title: Storm Riders | 6/15/2009 | See Source »

...South Africa Underground Tragedy The bodies of at least 61 illegal miners were discovered in an unused shaft owned by South Africa's Harmony Mining Co., the world's fifth largest gold producer. The incident, one of the worst in the nation's history, highlights the growing problem posed by unauthorized mining operations, which are exploiting thousands of miles of unpoliced tunnels amid high unemployment rates and spiking gold prices...

Author: /time Magazine | Title: The World | 6/15/2009 | See Source »

...never thought that Kim Jong Il was human and thus mortal.' OH YEON-JONG, a North Korean defector, after American and South Korean officials confirmed that the ailing dictator had chosen his youngest son, Kim Jong Un, to succeed...

Author: /time Magazine | Title: Verbatim | 6/15/2009 | See Source »

...meeting wasn't acrimonious, and he believed the door was open should he ever want to return. Jobs did not beg him to stay, and they worked out a plan for an orderly transition. Rubinstein went south and built his house, inventing a clever firefighting system that pumps water from the swimming pool (the closest fire department is 35 minutes away...

Author: /time Magazine | Title: The Pre: Palm's Plot to Take on the iPhone | 6/15/2009 | See Source »

...first, the idea of surfers riding waves within view of Chicago's iconic skyline may seem bizarre. But this city has long had robust beaches. This spring, Chicago opened its newest beach, on the South Side, and a former resident of the South Side - the city's favorite adopted son, Hawaiian-born President Barack Obama - is a surfer, although it's hard to imagine him ever taking to the shores of Lake Michigan. The city's beaches have more than a century's worth of history. In the 1890s, a group of prominent Chicagoans, including doctors and businessmen, lobbied...

Author: /time Magazine | Title: No Ocean, but Chicago Moves to Legalize Surfing | 6/13/2009 | See Source »

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