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...early years of the automobile, car dealers took animals in trade. As time passed the largest dealerships built elaborate showrooms and spent their own money for events around new model debuts. Running a large dealership is expensive. Buying cars from the manufacturers has not been a winning proposition for many dealers over the last two years. Most have to borrow money to purchase inventory. As sales have dropped due to the recession, many vehicles stay on the lots for months. Being a car dealer went from being extremely profitable in many cases to being a no-win business. (See pictures...

Author: /time Magazine | Title: Auto Industry Says Adios to the Car Dealer | 5/14/2009 | See Source »

...then added, with a certain pride of authorship, "But success isn't possible if we didn't do it." And he's right: for the first time, Afghan and Pakistani Ministers of the Interior sat down and hammered out a rudimentary agreement on information-sharing. Agricultural and trade delegations also met, as did, most significant of all, military and intelligence representatives. (The idea that the Afghan intelligence service would break bread with the Pakistani Inter-Services Intelligence directorate, which created the Taliban, is mind-boggling.) These advances were given greater heft by positive developments on the ground - especially Pakistan...

Author: /time Magazine | Title: Obama's Partner Problem in Afghanistan and Pakistan | 5/14/2009 | See Source »

...Taliban, which has some fairly strong ideas about law and order, has been able to intimidate its way back into control of some areas. Karzai has an excuse: his country has suffered through 30 years of war, although the alleged participation of his brother in the Kandahar-province opium trade and the utter corruption of the Afghan civil service don't help his reputation much. Zardari has no excuse at all: his country has a brilliant, educated intelligentsia and governing class, but it has been entirely unable to provide the rudiments of civil society to the Pakistani masses, a remarkable...

Author: /time Magazine | Title: Obama's Partner Problem in Afghanistan and Pakistan | 5/14/2009 | See Source »

...ECFA will be different from a normal free-trade agreement. It will take the form of a framework that will identify the types of items we will negotiate over time. We want to negotiate with the mainland about some of the products we consider most urgent. For instance, pertrochemicals, auto parts, textiles, these products constitute a large percentage of our exports to the mainland. Beginning next year, the same products from (Southeast Asian countries) will have no tariffs, but ours will face tariff rates from 5% to 15%. That will kill our industries. The mainland has already indicated interest...

Author: /time Magazine | Title: Taiwan's Ma Reflects on His First Year As President | 5/14/2009 | See Source »

...have them here. The other thing is mainland capital. Of course there are people who fear mainland capital will ruin our capital market but we'll regulate the different industries, so we [will open up] bit by bit. Taiwan is a country that depends so much on international trade and investment, you can't really have an isolationist policy...

Author: /time Magazine | Title: Taiwan's Ma Reflects on His First Year As President | 5/14/2009 | See Source »

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