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...economy's "bearish mood" has even spread to the higher-education sector. Staffing centers are gloomy on the East Coast; says one contact,"Everybody's spooked. There's no hiring going on at all." Even so, positions for engineers, programmers, health care personnel and IT professionals have remained difficult to fill. (In other words, go into those fields, people...

Author: /time Magazine | Title: The Fed's Bleak Biz Report | 12/4/2008 | See Source »

...Ford's owners have always had a difficult relationship with the hired help. Henry Ford II fired everybody, says Noel Tichy, a professor at the University of Michigan's business school - including Lee Iacocca. Jacques Nasser, named CEO in 1999 to reinvent Ford, bought Volvo and Land Rover to create a luxury portfolio; he saw Ford as more than an auto company and tried to overhaul the culture. He was ousted in 2001 by Bill Ford Jr. - great-grandson of Henry - who took back the wheel for a couple of years...

Author: /time Magazine | Title: Is This Detroit's Last Winter? | 12/4/2008 | See Source »

...move opposed by President Bush, Treasury Secretary Henry Paulson and most congressional Republicans. In the Senate, especially, Dems need at least nine Republicans to pass veto-proof legislation, assuming they can count on all their members, which makes coming to a deal in a lame-duck session particularly difficult. Other options Democrats are exploring include asking the Federal Reserve to supply the loans or requiring the banks that the government is currently bailing out to loan the money to the Big Three. As an alternative, Utah Senator Bob Bennett suggested Thursday that those banks getting money from the Treasury...

Author: /time Magazine | Title: Big Three Bailout Hits Some Speed Bumps in Washington | 12/4/2008 | See Source »

...Pakistan tensions in the hope - openly voiced by President-elect Barack Obama - that such changes would free Pakistan to conduct more effective counterinsurgency operations against the Taliban and al-Qaeda in its northwestern tribal areas. Washington fears that Indo-Pakistan rivalry will make its own task in Afghanistan more difficult. Obama therefore called for promoting a rapprochement between India and Pakistan as a key objective of U.S. foreign policy. But he will find few takers in India for continuing a peace process with a government that does not appear to control significant elements of its own military. India will weary...

Author: /time Magazine | Title: Opportunity in Crisis | 12/4/2008 | See Source »

...bellicose talk is obscuring a more difficult but far more significant conversation. "There are obviously people in Pakistan who are intent on undermining India and attacking India, and the Mumbai attack reminds the world of that fact," says Mishra. "But we in India have been using this Pakistani involvement to ignore the growing problems within India." First among those is the increasing disaffection of India's Muslims because of what historian Ramachandra Guha calls "the failures of the Indian state." The country's 138 million Muslims, who comprise 13.4% of the population, are poorer and less educated than the rest...

Author: /time Magazine | Title: India: After the Horror | 12/4/2008 | See Source »

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