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...state-of-the-art technological marvel. Hundreds of thousands of other Americans are doing likewise, shelling out for cool gadgets that can help with the drive, entertain backseat passengers and--though there's some disagreement here--make the trip safer. These add-ons are pumping some fuel into the auto industry's depleted tank. New-car sales have sagged in recent months, but many buyers are willing to shell out extra for everything from satellite radios (about $200) to sensors that warn you if the car gets too close to something ($700 and up) to portable hard drives that...

Author: /time Magazine | Title: Driving Into The Future | 6/2/2003 | See Source »

...first single, Danger! High Voltage, went to No. 2 in England earlier this year thanks to a Gloria Gaynoresque bass line, electric-current sound effects and lyrics like "Fire in the disco! Fire in the Taco Bell!" The track has a ferocious vocal cameo from a purported auto mechanic named John S. O'Leary, who everyone insists is not Jack White of the White Stripes. The same Jack White who insists that his drummer is his sister, not his ex-wife...

Author: /time Magazine | Title: Brilliant Idiots | 6/2/2003 | See Source »

...raise economy is partly a predictable, temporary aftershock from the burst Internet bubble and recession. With core inflation (excluding food and energy) officially running at just 1.5%, workers are relatively well equipped to cope with stingy employers--particularly in an era of 0% auto financing and mortgage rates that last week dropped yet again to historic lows. Dramatically declining energy prices since the Iraq war ended are another welcome buffer, allowing consumers to keep more of what they earn...

Author: /time Magazine | Title: Where Did My Raise Go? | 5/26/2003 | See Source »

...appliances, producing it for about $348 a ton shipped--about 25% cheaper than French and Japanese steel. In the last six months of 2002, steelworkers at LTV collected average bonuses equal to seven weeks' pay. Now Ross is looking at union rules and wages in the tire and auto industries--both, in his view, due for a similar reckoning...

Author: /time Magazine | Title: Where Did My Raise Go? | 5/26/2003 | See Source »

...auto-driven race to capitalize on new growth, which European semiconductor manufacturer is best poised to win? Europe's biggest semiconductor manufacturers - STMicroelectronics and Infineon - are ranked fourth and seventh in the world respectively. Each company is pursuing a different strategy. Infineon is determined to maintain a range of products from the highly cyclical drams - a computer chip that acts as a temporary storage depot for data while the computer performs a task - to "logic" chips used in devices such as mobile phones. Meanwhile, Schumacher hopes to offset the downturn in the dram cycle by being strong in logic chips...

Author: /time Magazine | Title: Chips Ahoy! | 5/25/2003 | See Source »

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