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...even possible, despite the current bleakness, that car sales will return to an upward trend this year. The prices of some used cars are beginning to rise as supplies tighten, which makes new cars a more attractive deal. Any improvement in the homebuilding industry bodes well for light-truck sales. And if Congress passes a proposed cash-for-clunker bill that would give car owners a $3,000-to-$5,000 voucher to trash their old vehicles and buy something new and shiny, dealers will move the metal, as they have done already in Europe...

Author: /time Magazine | Title: Can Detroit Be Retooled — Before It's Too Late? | 4/2/2009 | See Source »

...English as the language of upward mobility: "The highly visible rise of the outsourcing sector has helped transform Indian attitudes toward the English language. English is emerging as the language of aspiration for the Indian population - as a passport to a lucrative job and entry into the country's growing middle class. A friend of mine is an entrepreneur who runs Corner House, a popular Bangalore ice cream and sundae parlor. He told me resigningly that he had taught his staff some English so that they would be able to take orders and they left him to join...

Author: /time Magazine | Title: Imagining India: A Manifesto by the Bill Gates of Bangalore | 3/23/2009 | See Source »

...protection against recession, however, couldn't last forever. January marked a dark turning point for each of the cities. Unemployment claims started ticking upward in Jonesboro. In Cheyenne, unemployment hit 5.9%, up from 4.7% the January before, as layoffs in its warehousing and retailing industries started to filter through. Owing partly to an aluminum plant shutdown, unemployment in Charleston rose to 4.9% from 3.9% 12 months before. In Morgantown, the rate went to 3.9%, from 3.2%. Lower energy prices helped drive up the percentage of unemployed people in Casper to 4.2% from 3.4% year-over-year, and will likely have...

Author: /time Magazine | Title: Cities Once Immune Now Suffering in Recession | 3/14/2009 | See Source »

That's not to say there wasn't actual good news driving other stocks higher. Nine out of 10 issues on the New York Stock Exchange advanced: some, surely, the start (or continuation) of a long-term upward trend. But should a fabulous day in the market be taken to indicate that a broader market rebound is under way? Probably not. We can hope for that, but in the interest of managing our own expectations, let's not count...

Author: /time Magazine | Title: The Dow Jumps 5.8% — But It's Just One Day | 3/10/2009 | See Source »

...Alcohol researchers parse the effects of intoxication - both on the ascending arm of the curve, in which people are on the road to drunkenness, and the descending arm, as the booze wears off. Generally speaking, on the upward slope, alcohol has a stimulating effect - "social lubrication," says Nixon. But on the down slope, as the alcohol is metabolized, its effects are more sedating. To measure the relationship between people's actual and perceived impairment along this continuum, researchers tested subjects twice, at 25 min. and 75 min. after they'd begun drinking. The two motor-skills tasks used to measure...

Author: /time Magazine | Title: Older Drinkers Less Able to Judge When They're Drunk | 3/5/2009 | See Source »

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