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Meanwhile, the outlook for the entire industry remains grim. Show rooms across the country are empty. Furthermore, in spite of Monday's huge upturn on Wall Street, GMAC, the finance company owned jointly by GM and Cerberus, did not loosen its strictures on credit, announcing it would not underwrite loans for any customer who did not have a credit score of at least 700, effectively shutting out the majority of buyers. Said GMAC spokeswoman Sue Mallino: "The company currently expects these actions to remain in place until the credit markets stabilize and accessibility improves...

Author: /time Magazine | Title: How Likely is a GM-Chrysler Merger? | 10/13/2008 | See Source »

...sweet smell of economic recovery. Stock markets around the globe are resurgent, corporate spending looks set to rise, and optimists are even talking about a return to the golden years of noninflationary growth in the mid-1990s. But how strong is this upturn, really--and is it sustainable...

Author: /time Magazine | Title: Board of Economists: Growing, At Last | 11/14/2007 | See Source »

...There are still big questions about how sustainable Germany's upturn is, and whether it will be able to pull the rest of Europe with it. Growth in the 13 nations that have adopted the euro is expected to be 2.6% in 2006, an unusually strong showing for the continent. The European recovery is uneven, though, with Italy and France faring less well. And Germany has only begun to tackle some of the politically unpopular reforms of its health, pension and labor systems that economists say are needed to boost long-term growth. Still, "Europe is going to have...

Author: /time Magazine | Title: A Precarious Balance | 1/18/2007 | See Source »

...upturn in bedbugs has been particularly magnified in the Boston area, and researchers, pest-control outfits, and news outlets nationwide have been taking note...

Author: By Christian B. Flow, CONTRIBUTING WRITER | Title: ‘Unwelcome Visitors’ Join Students In Bed | 9/25/2006 | See Source »

...pleased that U.S. and Iraqi forces killed the monster Abu Mousab al-Zarqawi, Iraq's most wanted terrorist [June 19]. President George W. Bush should rightly be enjoying an upturn in his political fortunes. I hope it's not wishful thinking to regard al-Zarqawi's death as a step toward peace and the welcome departure of coalition troops. Jeff Robertson Yellow Springs, Ohio...

Author: /time Magazine | Title: Letters | 7/10/2006 | See Source »

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