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...Ford is in better shape and Chrysler is much smaller - spiraled into a free-fall bankruptcy, the systemic effects, at least initially, would be huge. The whole industry would not be able to build cars in the U.S., because of the lack of parts. "Unlike the airlines or steel, when you look at the automobile industry and the fact that the whole supplier base is connected - to Ford, Chrysler, Toyota - it will have a ripple effect on the entire industry," says Nicole Y. Lamb-Hale, a bankruptcy expert at the Detroit office of Foley & Lardner, a law firm that represents...

Author: /time Magazine | Title: Is General Motors Worth Saving? | 11/13/2008 | See Source »

...third generation because trust-fund babies, having little regard for the money that has come to them without toil, lack the motivation to strive. It's a worry even to - perhaps especially to - the superrich. In a recent interview in London's Sunday Times newspaper, Indian-born steel tycoon Lakshmi Mittal said flatly that "money is a curse," and that he was concerned that extreme wealth might be spoiling his young kids. In June, Microsoft founder Bill Gates reiterated that he would donate most of his $58 billion to charity, rather than give it to his three children. That...

Author: /time Magazine | Title: No Free Rides, Kid | 11/13/2008 | See Source »

...badge as the series began its endgame.) That would not be interesting for long if it weren't for the fact that Mackey was also a very good cop. He nails criminals other police couldn't get--albeit using shady deals and the occasional beatdown with a steel chain. He's a shameless racist, yet he lives to take down crooks who prey on one of L.A.'s poorest and brownest neighborhoods. He's a brutal thug and a loving...

Author: /time Magazine | Title: A Fitting End for The Shield | 11/13/2008 | See Source »

...rarified pieces of the pig: "Pressed head of pig doesn't sound that tempting. All I can say is give Manolo a call, he might persuade you otherwise. After the cachucha is simmered until soft, the bones are removed. The two half-head pieces are then crammed into a steel press about half the size of a shoe box, and pressure is applied until all the squeal's gone out of it...I don't count them, but there's a real cacophony of flavors, from the familiar sweetness of boiled ham to the earthy notes of the skin...

Author: /time Magazine | Title: How to Eat a Whole Spanish Hog | 11/10/2008 | See Source »

...electronics conference, scientists showed colleagues a "holographic moving picture," but the stars of that film were limited to steel balls and slow-moving gears. Still, reality is rarely a limit to a marketer's imagination. In succeeding years, futuristic-seeming holograms became a gimmick. Sports Illustrated put a 3-D Michael Jordan on its cover in 1991, and the U.S. Postal Service issued its first hologram stamp in 1989. Both quickly became collector's items. Homemade holograms are difficult to create, requiring lasers and holographic plates or film, which has made them effective counterfeit deterrents used on credit cards...

Author: /time Magazine | Title: Holograms | 11/6/2008 | See Source »

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