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...operations to the brink of disaster boils down to the lower cost of doing business in Mexico. GM and other automakers, including Ford and Chrysler, have managed to keep the cost of production south of the California and Texas borders at Third World levels, owing largely to Mexico's weak unions...

Author: /time Magazine | Title: Canada Spends Big to Save GM, So Why Not Mexico? | 7/3/2009 | See Source »

...weak economy is forcing many places to scale back their Independence Day plans. Have you seen fewer requests for shows? Absolutely not. This is a Saturday Fourth of July; that has not occurred since 1998, as the last Saturday was leap year. Historically, Saturday Fourths of July are Katie-bar-the-door, sold-out, booked solid...

Author: /time Magazine | Title: The Art of Fireworks | 7/3/2009 | See Source »

...Fernández, like her husband and their left-wing ally President Hugo Chávez of Venezuela, is a combative populist who critics say is too dismissive of the legislative and judicial branches, which are still weak institutions in Latin America. Her Sunday setback "indicates that Latin America's hyperpresidentialist project, which was fueled by the economic boom, faces walls and obstacles now," says Javier Corrales, a Latin America expert who teaches political science at Amherst College in Massachusetts. Another factor is the exit of U.S. President George W. Bush, whose own bid for excessive presidential power wasn...

Author: /time Magazine | Title: What Argentina's Midterms Mean for Latin America | 6/30/2009 | See Source »

...residents in three Russian cities found excess mortality (i.e., a larger than expected number of people dying from a certain disease) not only with obvious alcohol-related illnesses such as liver cancer but also tuberculosis and pneumonia, which the study's authors say may be partly a result of weak immunity caused by excessive alcohol consumption. (Read "Nation o' Drinkers: Scotland Takes On Alcohol Abuse...

Author: /time Magazine | Title: Stemming the Rise in Global Alcohol-Related Deaths | 6/29/2009 | See Source »

...increased arrivals: this summer Icelandair will open up new routes to nine cities in Europe and North America. And VisitBritain, the official U.K. tourism body, is running a $2.6 million ad campaign urging foreigners to "see more of Britain for less." "The pound isn't going to be this weak forever," says spokeswoman Hayley Senior...

Author: /time Magazine | Title: The Vacation Recession | 6/29/2009 | See Source »

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